CBN: Nigeria Spent $3.5bn On Foreign Debt Servicing In Nine Months

A month-by-month breakdown for 2024 shows January’s debt servicing cost at $560.51 million—up 389 percent compared to $112.34 million in January 2023. In February, payments dropped by 1.8 percent from $288.54 million in 2023 to $283.21 million in 2024.

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