NewStats: 3,263,204 , 8,179,395 topics. Date: Thursday, 05 June 2025 at 04:42 AM 416z2f

Nigeria’s external debt service is expected to rise to $5.2 billion in 2025, marking a growing fiscal burden despite ongoing economic reforms, according to a new report by Fitch Ratings.

The credit rating agency made the projection in its latest commentary, which also saw Nigeria’s long-term foreign-currency issuer default rating upgraded from ‘B-’ to ‘B’ with a stable outlook. The agency attributed the anticipated rise in external debt servicing to scheduled amortisation payments and a $1.1 billion Eurobond repayment due in November 2025.

https://ratecaptain.com/nigerias-external-debt-servicing-projected-to-reach-5-2-billion-in-2025-fitch/

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