Nigeria Faces N15 Trillion Debt Servicing Bill in 2024, Green Bond Listed

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Nigeria is expected to spend about 15 trillion naira on debt servicing this year. This highlights mounting fiscal pressures on Africa’s largest economy.

Meanwhile, the Debt Management Office has listed the 47.36-billion-naira Series III Sovereign Green Bond due June 2030 on multiple exchanges.

Johnson Chukwu, CEO of Cowry Asset Management, joined CNBC Africa to discuss the implications for Nigeria’s debt profile.

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