Nigeria external debt
South Africa, Egypt, Nigeria Hold One-Third of Africa’s External Debt – Report
A new report by the African Export-Import Bank (Afreximbank) has revealed that three African economic giants—South Africa, Egypt, and Nigeria—are responsible for more than one-third of the continent’s external debt stock, raising fresh concerns over the vulnerability of Africa’s debt profile and the broader implications for regional economic stability. The Afreximbank report Titled “State of […]
Nigeria Shells Out $2bn on External Debt in Just Four Months
Nigeria’s external debt servicing has surged dramatically in the first four months of 2025, with the country spending approximately $2.01 billion on external debt repayments between January and April. This marks a 50 percent increase compared to the $1.33 billion spent during the same period last year, according to the latest international payments data published […]
FG, States Pile Up N57tn Debt in 18 Months
Nigeria’s public debt profile has expanded significantly under the administration of President Bola Tinubu, with a staggering N57.3 trillion added within just 18 months, according to fresh data from the Debt Management Office (DMO). This 65.6% spike has pushed the country’s total debt from N87.38tn as of June 2023 to N144.67tn by the end of […]