Debt Crisis: Is Africa Facing an Endless Cycle?
Despite solid growth, Africa remains trapped in a recurring debt crisis cycle influenced by external shocks and an inadequate international financial architecture.
Nigeria’s public debt rose to N153tn in Sept 2025 – DMO
Nigeria's total public debt reached N153.29 trillion as of September 30, 2025, reflecting a significant rise in both domestic and external debt obligations.
Nigeria’s public debt rose to N153.29 trillion in September 2025 – DMO
Nigeria's public debt reached N153.29 trillion by the end of September 2025, showing a significant increase in both domestic and external debts.
Russia’s External Debt Hits 20-Year High
Russia's external debt has surged to nearly $62 billion, its highest level in two decades, mainly due to increased borrowing for the war against Ukraine.
Nigeria must reduce debt reliance, says Edun
Nigeria's Finance Minister, Wale Edun, emphasizes the need for the country to decrease its reliance on external borrowing and focus on building a sustainable domestic revenue base.
With the dollar calm due to carry trade, BCRA's purchases in January went to debt payments and did not strengthen reserves
The financial strategy maintained exchange rate stability, but the lack of external refinancing meant that foreign currency income did not improve international reserves.