debt servicing News
Latest articles and news about debt servicing on AXL Media.
Latest Articles
- Nigeria External Debt Hits 51 Billion Dollars as Lagos and Kaduna Lead Subnational Borrowing
Published: Apr 27, 2026
Section: Africa
Data from the National Bureau of Statistics reveals that Nigeria's total external debt climbed to 51 billion dollars (N74.43 trillion) in the fourth quarter of 2025. Lagos State re...
- Nigeria Scales Down April Bond Auction to N700 Billion Amid Mounting Fiscal Debt Pressures
Published: Apr 23, 2026
Section: Africa
The Debt Management Office has reduced its April 2026 domestic bond offer to N700 billion, continuing a four-month trend of tapering government borrowing. Slated for auction on Apr...
- President Tinubu Assents to N68.32 Trillion 2026 Budget and Extends 2025 Spending Timeline
Published: Apr 17, 2026
Section: Africa
President Bola Tinubu has signed the 2026 Appropriation Bill into law, authorizing a record aggregate expenditure of N68.32 trillion. The President also approved a three month exte...
- Finance Minister Wale Edun Rejects Fuel Subsidy Reinstatement Despite Rising Global Energy Pressures
Published: Apr 15, 2026
Section: Africa
Nigeria’s Minister of Finance, Wale Edun, has confirmed that the federal government will not roll back fuel and foreign exchange reforms. Speaking from Washington DC, Edun argued t...
- Minister Edun Rejects Subsidy Reversal While Warning Of Global Debt Chokehold
Published: Apr 15, 2026
Section: Africa
Finance Minister Olawale Edun has cautioned against returning to generalized subsidies, urging for targeted social protections to safeguard the most vulnerable. Speaking as Chair o...
- Nigeria Debt Servicing Outpaces Capital Investment by N3.9 Trillion Amid Severe Macroeconomic Pressures
Published: Mar 9, 2026
Section: Africa
A report from the Federal Ministry of Finance reveals that Nigeria spent N27.2 trillion on debt obligations between 2024 and 2025, significantly exceeding expenditure on infrastruc...
- South African finance ministers under fire for two decades of unfulfilled promises to stabilize national debt
Published: Mar 3, 2026
Section: World
Since 2012, successive South African finance ministers have consistently pledged to stabilize the nation's debt-to-GDP ratio, only for those targets to be repeatedly surpassed. Whi...
- South African government allocates over one billion rand per day toward national debt interest payments
Published: Mar 3, 2026
Section: Africa
South Africa’s debt-servicing costs have reached 432.4 billion rand for the current financial year, making interest payments the single largest expenditure item in the national bud...