Local debt servicing gulps N1tn in one year

The cost of servicing the Federal Government’s increasing domestic debt hit the N1tn mark for the first time in 2015, statistics obtained from the Debt Management Office have shown. According to statistics obtained from the DMO, the Federal Government spent N1.02tn to service its domestic debt last year. This comprises of N25bn spent on repayment […]

Local debt servicing gulps N1tn in one year

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