22 August 2018

Nigeria: Govt Spent U.S.$202,000 Servicing External Debt for 2018 Q2

The Debt Management Office (DMO) has disclosed that Nigeria spent a total of $202,253.15 to service its external debt stock for the second quarter of 2018.

This was contained in a document on its website which detailed the multilateral, bilateral, commercial and Eurobond debts.

The difference when compared with the $225,253.15 FG used to service external debt in the first quarter fell by $22,880.

The document showed that the total amount used to service multilateral obligations was $51,115.06, while bilateral obligation gulped $16,023.94.

Commercial debts gulped the highest amount with a total of $114,375.00, $105,937.50 was spent on Eurobond obligation, while $20,859.63 was spent on others.

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