CBN Reports $3.5bn Spent on Foreign Debt Servicing in Nine Months

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Nigerian federal government spent a total of $3.57 billion servicing the country’s foreign debt in the first nine months of 2024, a sharp increase of 39.7% from the $2.56 billion spent during the same period in 2023. This spending is highlighted in the Central Bank of Nigeria (CBN) report on international payment statistics. The highest […]

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