Nigeria’s Debt Service Rises

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Nigeria’s monthly debt service rose by $31.46m in one month to $101.29m in January.
Figures obtained from the Central Bank of Nigeria revealed that the government spent $69.83m on debt service repayment in December.
The data showed that the government spent $148.57m and $85.23m on debt service repayment in November and October 2021 respectively.

Written by: Helen Obih

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Heavily armed troops have evacuated outgoing Sri Lankan Prime Minister Mahinda Rajapaksa from his official residence. Rajapaksa’s evacuation to an undisclosed location followed a day of violent protests in which at least five people, including a member of parliament, were killed and nearly 200 wounded. Protesters who forced their way into the prime minister’s official residence in Colombo attempted to storm the main two-storey building where the outgoing Prime Minister […]

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