Thirty-two states and the Federal Capital Territory’s debt rose to nearly $5.7 billion in fresh external loans in 2025, driving a year-on-year surge in subnational foreign debt despite higher inflows from Federation Account Allocation Committee disbursements, an analysis has shown. Data from the Debt Management Office indicated that the combin...
Nigeria spent about $2.01 billion on external debt servicing between January and April 2025, marking a 50 per cent increase compared to the $1.33 billion recorded during the same period in 2024. This is according to the latest international payments data published by the Central Bank of Nigeria on its website, which was obtained by […]
•Nigerian Debt Nigeria’s external debt service has been projected to rise to $5.2 billion this year, Fitch Ratings has said. The credit rating agency disclosed this in its latest rating action commentary published on Friday, reports Channels TV. The agency also cited a minor delay in the payment of a Eurobond coupon due on March […]
Nigeria’s external debt may rise to $45.1 billion by the end of 2024 as the federal government advances plans to secure additional external funding. The Debt Management Office revealed in its latest report that the country’s external debt stock increased by $780m in the second quarter of 2024, growing from $42.12bn in March to $42.9bn [&hellip...
The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.
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