Tag: DEBT

  • STATES HIT 68% INCREASE IN FOREIGN DEBT PAYMENTS

    STATES HIT 68% INCREASE IN FOREIGN DEBT PAYMENTS

    Report says Nigerian states spent approximately N235.58 billion on external debt servicing in the first half of 2025, marking a 68.4% increase approximately(N95.65 billion) from N139.92 billion in the same period of 2024. This surge underscores the growing pressure of dollar-denominated debt repayments amid the naira’s depreciation. While External debt payments are managed through an…