Search

Nigeria’s Debt Trap Fears as Servicing Doubles

  • Central Bank reports sharp increase in debt servicing costs
  • Rising debt burden sparks concerns over economic impact

 

Lagos, Nigeria – Nigeria’s debt servicing costs in the first five months of 2024 nearly doubled compared to the same period in 2023, according to figures from the central bank released this week.

You need an active subscription to continue reading this article.

Recent Business

Allen dreyfus Logo
Gabon halts tax breaks after CFA1tn revenue loss
Read More »
jean-papillon-vLZC-lONFg0-unsplash
Senegal resumes fiscal reporting but budget strains deepen
Read More »
othmane-ferrah-rzjB9tl3lPk-unsplash
Morocco holds interest rate at 2.25% amid easing inflation
Read More »

Recent Politics

Allen dreyfus Logo
Nigeria’s green bond oversubscribed as climate funding gains traction
Read More »
rupixen-nI--XptpMa8-unsplash
A Broken System, a Historic Chance: Inside the Fight to Rewrite Global Debt Rules
Read More »
Allen dreyfus Logo
Nigeria inflation slows again in May, raising rate cut prospects
Read More »

Latest Posts

Latest news insights