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Nigeria plans N15trn on debt servicing in 2026 - CNBC

MAY 15, 2026

Nigeria is expected to spend about 15 trillion naira on debt servicing this year, underscoring mounting fiscal pressures on Africa’s largest economy. Meanwhile, the country’s Debt Management Office has listed the 47.36-billion-naira Series III Sovereign Green Bond due June 2030 on multiple exchanges. Joining CNBC Africa to discuss the implications of these events on Nigeria’s debt profile, Johnson Chukwu the CEO of Cowry Asset Management.

MARKET NEWS

May 15 Ghana’s currency still on back foot - REUTERS May 15 South African rand weakens as dollar firms, oil rises while markets eye Trump-Xi talks - REUTERS May 15 Oil prices jump after Trump says China agreed to buy U.S. crude following Xi talks - CNBC May 15 Oil prices jump after Trump says China agreed to buy U.S. crude following Xi talks - CNBC May 15 South African rand weakens on firmer dollar as markets eye Trump-Xi meeting - REUTERS May 15 Angola central bank cuts key rate by 50 basis points - REUTERS May 15 Uganda central bank extends rate pause, sees moderate inflation rise - REUTERS May 15 UK economy records strongest quarterly growth in a year - THE INDEPENDENT May 15 Nigeria attracting $20bn FDI in 2026, says Tinubu - PUNCH May 15 Citi Says African Borrowers Are Turning Creative on Debt Sales - BLOOMBERG May 15 Illicit mining drains Nigeria’s mineral wealth, NEITI warns - PUNCH May 15 CBN Drains Record Naira Liquidity as Election Season Shapes Up - BUSINESSDAY May 15 MPC backs expanded naira-for-crude deal to ease fuel pressure - THE SUN May 15 Nigeria plans N15trn on debt servicing in 2026 - CNBC May 15 $6.75bn funding gap threatens Nigeria’s inclusive growth, investors warn - THE SUN May 15 Naira depreciates to N1,392/$ in parallel market - VANGUARD May 15 Nigerian currency returns to depreciation - DAILY POST May 15 Analysts See April Inflation Rise Strengthening Case For CBN Rate Hold - BUSINESSDAY May 14 Nigeria fuel demand rises as Dangote drives near-full refining capacity - REUTERS May 14 US Waives $15,000 Visa Deposit For Foreign Fans With World Cup Tickets - ARISENEWS May 14 Naira Appreciates Amid 30% FX Inflow Drop, Beats Supply Shock - INDEPENDENT May 14 Africa Must Tap $120trn Global Capital To End Dependency On Aid – Oyedele - LEADERSHIP May 14 Nigeria Must Earn, Not Borrow Its Way To Prosperity – Oyedele - LEADERSHIP May 14 NPA: Moving Nigerian Ports Beyond Traditional Limitations May 14 Dollar strengthens, Naira Slides to N1,375 in official market - P.M.NEWS May 14 Naira Rebounds 0.37% to N1,370/$1 at NAFEX May 14 Naira strengthens against dollar at official FX market - NIGERIAN TRIBUNE May 14 Naira rises to N1,388/$ in parallel market - VANGUARD May 14 Tinubu Hails $4.7bn Nigeria-France Trade Growth At Africa Forward Summit - CHANNELS TV May 14 NNPC records over $201.2mln profit in March as oil output improves - NIGERIAN TRIBUNE

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