Nigeria spent $1.09bn in nine months on debt servicing-CBN

Image result for Nigeria spent $1.09 bn in nine months for debt servicing-CBN

Nigeria has spent $1.09billion on debt servicing between January and September this year.

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This was disclosed by the central bank of Nigeria.

The international payment data by the CBN showed that debt servicing gulped a total of $1.28bn in nine months of 2018.

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In the first quarter of 2019, a total of $354.6million was spent to service debts. The amount dropped to $252.3million in the second quarter.

The Apex bank further disclosed that a total of $485.8million was spent to service debts in the third quarter of 2019.

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The company did not provide an estimate of how many homes its investments are intended to create.

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