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Tag "Nigeria’s debt service"

KPMG: Nigeria may spend over 100% of its revenue on debt servicing in 2023

KPMG says Nigeria’s debt service to revenue ratio may exceed 100 percent in 2023. In its macroeconomic snapshot released on Thursday, the professional services firm raised concerns over Nigeria’s risk of

Debt servicing surpasses revenue by N310bn as FG releases 4-month fiscal report

The cost of servicing debt surpassed the federal government’s retained revenue by N310 billion in the first four months of 2022. The federal government said this in its 2022 fiscal

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