CBN: external debt servicing dropped to $2.86 billion in eight monthsNigeria spent $2.86 billion on external debt servicing in the first eight months of 2025, new figures from the Central Bank of Nigeria (CBN) have shown. Comparatively, the country spent $3.06 billion on debt in the same period of 2024, representing 70.7 per cent of total foreign payments of $4.33 billion. The data revealed that although Nigeria reduced its absolute debt service bill by about $198 million (6.49%) year-on-year, debt repayments still dominate its external obligations. Essentially, for every $10 that left Nigeria between January and August 2025, nearly $7 went towards servicing debt. In 2025, 69.1 per cent of all foreign outflows in the first eight months were used to service debt.