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Nigeria allocates N2.9tn for debt servicing

Nigeria allocated N2.9 trillion in the revised budget for debt servicing. This comes as the Senate had earlier approved a $5.5 billion borrowing request made by President Muhammadu Buhari. Meanwhile, Nigeria’s Debt Management Office is scheduled to offer N150 billion in its monthly bond auction this week. Dipo Ajayi, Head of Fixed Income and Forex at Chapel Hill Denham joins CNBC Africa for more.


Mon Jun 15 2020 | 14:03:13 GMT+0000 (Coordinated Universal Time)

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