Nigeria’s external debt drops by $1.57bn in third quarter – DMO

Nigeria’s total external debt stock declined by $1.57 billion in the third quarter of 2023 from $43.16 billion to $41.59 billion as of September 30, 2023.

According to the statement, the reason for the decline is due to the redemption of Nigeria’s $500 million Eurobonds and the first principal payment of $413.859 million the IMF’s $3.4 billion loan obtained during the 2020 covid-19 period.

Blueprint : Read More