AfDB flags Nigeria’s rising debt costs: 75% of revenue goes to interest payments

AfDB warns Nigeria may spend 75% of revenue on debt interest by 2025

The African Development Bank (AfDB) has issued a stark warning over Nigeria’s growing debt servicing burden, projecting that the country will spend 75% of its total revenue on interest payments alone in 2025. The warning is contained in the AfDB’s newly released 2025 African Economic Outlook, themed “Making Africa’s Capital Work Better for Africa’s Development.” According to the report, despite Nigeria’s debt-to-GDP ratio being relatively modera…

AfDB flags Nigeria’s rising debt costs: 75% of revenue goes to interest payments

The African Development Bank (AfDB) has flagged Nigeria’s rising debt costs, stating that the country is projected to spend 75% of its revenues on interest payments in 2025.  The post AfDB flags Nigeria’s rising debt costs: 75% of revenue goes to interest payments  appeared first on Nairametrics.

CBN Cuts OMO Rates, Offers ₦600bn In Fresh Debt To Manage Maturities » News.ng

The Central Bank of Nigeria (CBN) has lowered interest rates on Open Market Operations (OMO) securities while seeking to partially roll over maturing debt, presenting ₦600 billion worth of instruments to market participants. On Tuesday, the financial system received a substantial liquidity injection of ₦984.22 billion from maturing OMO securities. To manage this influx, the CBN conducted auction activities early in the week, focusing on medium-t…