Nigeria’s Debt Service Burden Soars by 49% in Four Months — CBN Data Reveals Mounting Fiscal Pressure
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May 22, 2025
Nigeria’s debt servicing costs surged by 49.2% year-on-year, reaching $2.01 billion in the first four months of 2025 (4M’25), compared to $1.34 billion during the same period in 2024. This was revealed in the International Payments data released by the…
Debt Surge Alert: Nigeria’s Public Debt Skyrockets to N144.67 Trillion in 2024
April 5, 2025
Hobnob News – Abuja: Nigeria’s public debt has seen a significant spike, rising by 48.5% year-on-year to a staggering N144.67 trillion (equivalent to $94.23 billion) in 2024, up from N97.34 trillion ($108.23 billion) recorded in 2023. This was…