•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 […]
•US dollar notes The federal government spent a voluminous $3.58 billion servicing the country’s foreign debt in the first nine months of 2024. Data sourced from the Central Bank of Nigeria (CBN) report on international payment statistics showed that the amount represents a 39.77 per cent increase from the $2.56 billion spent during the same [...
Nigeria and other developing countries have spent about $441bn on debt-serving in the past 40 years, according to a new World Bank report. The World Bank report also disclosed that Nigeria received $2.9b and topped the recipients of its fresh loans in 2022. According to its International Debt Report for 2023, Nigeria was followed by […]
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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