…Nigerian investors contributed $60 million to the subscription. The Debt Management Office has revealed that Nigeria became the first African country to raise USD1.25 billion through the issuance of Eurobonds in the International Capital Market. This was disclosed in a statement by the DMO on Thursday evening, stating Nigerian investors contributed $60 …
Read More »FG Spent N1.03 Trillion on Debt Servicing in Q1 2021 – CBN
The Central Bank of Nigeria (CBN) has said Federal Government spent N1.03trillion on debt servicing in the first quarter (Q1) of 2021 compared with N779.73 billion in the corresponding period of 2020. The apex bank in its Economic Report for April 2021 attributed the surge in the government’s debt servicing …
Read More »FG Spent $1 Billion on Debt Servicing in Three Months -CBN
The Central Bank of Nigeria (CBN) has disclosed that the federal government spent $1billion on debt servicing and payments between January and March 2021. The CBN in prior period said the government spent $4.68billion on debt services and payments. According to the apex bank international payments data, $617.5million was spent …
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