Nigeria's External Debt Service Hits $932.1 Million in Q2 2025, Led by IMF and Eurobond

Nigeria's external debt service payment surged to $932.1 million in the second quarter of 2025, as per the latest data from the Debt Management Office (DMO). The payment covered obligations to multilateral, bilateral, and commercial creditors, with multilateral institutions receiving the bulk of the expenditure.

Notably, the IMF and Eurobond holders were major recipients, with the IMF alone receiving $415.6 million. Despite fully repaying $3.4 billion to the IMF, Nigeria will continue annual payments of $30 million related to Special Drawing Rights.

The country's total domestic debt stock also rose to N76.59 trillion by mid-2025.