Debt Service Soars to ₦6.66Trn in 12 Months

By Sunday Michael Ogwu Nigeria spent a staggering ₦6.66 trillion on external debt service between January 2024 and April 2025, reflecting the increasing burden of debt repayment on national finances and external reserves. According to the Central Bank of Nigeria (CBN), May 2024 saw the highest monthly payment at ₦854.37 billion, while the lowest occurred...