Nigeria’s Foreign Debt Burden: $1.12 Billion Spent on Servicing in Q1
Nigeria’s external debt burden continues to weigh heavily on the nation’s finances, with a significant $1.12 billion spent on foreign debt service payments in the first quarter of 2024. This marks a 39.7% increase from the same period in 2023, according to data from the Central Bank of Nigeria. The debt service payments have been […]
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