Prøve GULL - Gratis
Nigeria Spends $2.01bn Servicing External Debt in Four Months
The Business NG
|The BusinessNG
Nigeria’s external debt servicing surged by over 51% year-on-year, with the Federal Government spending about $2.01 billion between January and April 2025. This increase was revealed in the latest international payment data released by the Central Bank of Nigeria (CBN).
-
Debt servicing now accounts for 77.1% of Nigeria's total international payments during this period, up sharply from 64.5% in the same months of 2024. Overall international payments, which include debt service, remittances, and letters of credit, rose to $2.60 billion as of April 2025 from $2.07 billion a year earlier.
Despite these payments, Nigeria's foreign exchange reserves declined by roughly $3 billion during the period.
Denne historien er fra The BusinessNG -utgaven av The Business NG.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA The Business NG
The Business NG
Petrol Marketers, Nigerians Say Dangote's N75 Price Cut Falls Short, Demand Further Reductions
Petrol marketers and consumers have described the recent ₦75 per litre reduction in the gantry price of petrol by the as insufficient, arguing that a more significant price cut is warranted following the easing of geopolitical tensions in the Middle East.
1 min
BusinessNg
The Business NG
Court Grants Stay of Execution on Judgment Ordering Deregistration of ADC, Others
A Federal High Court in Abuja has granted a stay of execution on its earlier judgment that ordered the deregistration of the African Democratic Congress (African Democratic Congress) and four other political parties.
1 min
BusinessNg
The Business NG
Katsina Governor Bans Fuel Sales in Jerry Cans, Shuts POS Operations in Two LGAs Over Security Concerns
The Governor of , , has signed a new Executive Order prohibiting the sale, purchase, transportation and storage of petroleum products in jerry cans across the state with immediate effect.
1 min
BusinessNg
The Business NG
Cooking Gas Prices May Fall to N900/kg Soon — NALPGAM
The Nigerian Association of Liquefied Petroleum Gas Marketers has projected that the price of cooking gas could decline to as low as ₦900 per kilogram by the end of 2026, if current market and supply trends persist.
1 min
BusinessNg
The Business NG
"Don't Overburden Citizens" - Nigeria Reacts to IMF Fiscal Advice
VAT Hike and New Telecom Taxes
1 min
BusinessNg
The Business NG
$5bn UAE Loan Sparks Fresh Concerns Over Nigeria's Debt Burden
Nigeria's plan to secure a $5 billion from a United Arab Emirates-based financial institution for its 2026 budget has triggered renewed concerns over the country's rising debt profile and long-term fiscal sustainability.
1 min
BusinessNg
The Business NG
Ekiti 2026: APC, PDP, ADC Battle for One Million Votes as Guber Election Enters Final Stretch
With just five days to go before Ekiti State decides its next governor, political parties have intensified last-minute mobilisation efforts ahead of a tightly contested election expected to draw about one million voters.
1 min
BusinessNg
The Business NG
N700bn FAAC Every Month: States Under Pressure as Infrastructure Deficit Persists
Nigeria's state governments collectively receive over N700 billion in monthly allocations from the Federation Account Allocation Committee (FAAC), yet questions continue to mount over persistent infrastructure gaps and uneven development outcomes across the country.
1 min
BusinessNg
The Business NG
Nigeria Surpasses OPEC Quota, Posts Highest Oil Production in 11 Months
Nigeria has exceeded its crude oil production quota under the Organization of the Petroleum Exporting Countries (OPEC), recording its highest output level in nearly a year as efforts to stabilize the country's oil sector continue to yield results.
1 min
BusinessNg
The Business NG
Nigeria's Borrowing Strategy Under Scrutiny as Revenue Increasingly Goes Into Debt Repayment
Concerns are mounting over Nigeria's rising debt profile as a growing share of government revenue continues to be allocated to debt servicing, raising questions about the sustainability of the country's borrowing strategy.
1 min
BusinessNg
Listen
Translate
Change font size