External Debt Servicing Slows to $2.86 Billion in Eight Months – CBN

Nigeria’s Foreign Reserves Strained as Debt Servicing Gulps 70% of Outflows

By Lizzy Chirkpi Nigeria has spent $2.86 billion in servicing external debt between January and August 2025, according to data released by the Central Bank of Nigeria (CBN) on Thursday. The amount accounted for 69.1 per cent of the country’s total foreign payments of $4.14 billion within the period. By comparison, Nigeria paid $3.06 billion on external debt service during the same period in 2024, which represented 70.7 per cent of foreign paymen…

Nigeria’s Debt Service Bill Reaches $2.86bn in Eight Months – CBN Report

Nigeria allocated a substantial 69.1 per cent of its total foreign payments to servicing external debt during the first eight months of 2025. According to Central Bank of Nigeria data, the country spent $2.86 billion out of a total foreign payment outlay of $4.14 billion in that period. While the absolute amount spent on debt service actually declined from the previous year—falling by $198 million from $3.06 billion in the same stretch of 2024—t…

External debt servicing slows to $2.86 billion in eight months – CBN

Nigeria spent $2.86 billion on external debt servicing in the first eight months of 2025, new figures from the Central Bank of Nigeria (CBN) have shown.  The post External debt servicing slows to $2.86 billion in eight months – CBN  appeared first on Nairametrics.

Nigeria’s Debt Repayments Dominate Foreign Spending In 2025

Nigeria spent $2.86 billion servicing external debt during the first eight months of 2025, according to international payment data from the Central Bank of Nigeria. This accounted for 69.1 percent of the country’s total foreign payments of $4.14 billion in the same period. The figure reflects a slight decrease from the same period in 2024, when $3.06 billion went into debt servicing, representing 70.7 percent of total foreign payments of $4.33 b…