Nigeria spent N2.46 trn on debt servicing in three months – DMO

Data from the Debt Management Office (DMO) indicates that Nigeria spent N2.46 trillion to service N121.67 trillion public debt in the first quarter of 2024. The N2.46 trillion comprises N1.47 trillion foreign debt service payments ($1.12 billion converted using Nigerian Autonomous Foreign Exchange Market rate for March ending N1,309.36) and N989.24 billion domestic debt service […]

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