External Debt Service Gulps $5.47 Billion in 14 Months Amid Pressures on Revenues, Reserves FX direct remittances rise to $180.03m James Emejo in Abuja and Kayode Tokede in Lagos
The Central Bank of Nigeria
(CBN) has disclosed that foreign debt service gulped about $5.47 billion between January 2024 and February 2025, further indicating the
increasing burden on the nation's revenues as well as pressures on external reserves and fiscal stability. This is as the total foreign
exchange direct remittances increased by 1.3 per cent Yearon-Year (YoY) to $180.03 million in the first two months of 2025,
according to data from the apex bank. According to the CBN, debt service however, moderated to
$854.37 million in May 2024, the highest outflow in the review Continued on page 5
El-Rufai Urges Atiku, Obi, Amaechi, Others to Join SDP… Page 6 Sunday, March 16, 2025 Vol 30. No 10934
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Nigeria Not Listed as Trump Mulls Travel Ban on 43 Countries… Page 10
CDS: Nigeria Has a Lot to Lose If Niger, Mali, Burkina Faso Don’t Return to Democracy Says Nigeria had least number of attacks in 2024
Wale Igbintade
The Chief of Defence Staff (CDS), General Christopher Musa, has
said Nigeria stands to lose a lot if Niger Republic, Mali, and Burkina Faso do not return to democratic rule.
Following the military takeovers, the three countries exited the Economic Community of West African States (ECOWAS)
and formed the Alliance of Sahel States in September 2023. Speaking at the weekend on Prime Time, a programme of
ARISE NEWS Channel, General Musa said leadership failure in the three countries will have a direct impact on Nigeria.
“As I said, we have issues of poverty in West Africa - a lot of Continued on page 5
Wike in Grand Reception in Abalama, Says He was Misquoted in Statement on Ijaws
Vows not to stop Rivers State lawmakers from performing their constitutional duties PANDEF demands public apology from Wike for alleged disparaging remarks against South-South leaders Rivers SSG warns against taking Fubara’s simplicity for weakness See story on page 5
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GRAND RECEPTION…
Minister of Federal Capital Territory, Mr. Nyesom Wike and mammoth crowd of supporters during his arrival at a grand reception organised in his honour by his loyalists in Abalama community, Asari-Toru Local Government Area, Rivers State…yesterday
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Minister of Federal Capital Territory, Mr. Nyesom Wike, at a grand reception organised in his honour by his loyalists in Abalama community, Asari-Toru Local Government Area, Rivers State…yesterday
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