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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Troops evacuate out going Sri Lankan Prime Minister

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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