DAKAR (Reuters) -Senegal has raised its projections of debt service payments by about 3.2 trillion CFA francs ($5.8 billion) for the next three years in a revised budget document published last week.

Mounting debt in developing economies is a growing concern. Some countries, including Sri Lanka and Zambia, have already declared that they cannot service their debts and have sought international ...

The Federal Government has significantly reduced its debt servicing burden, cutting it from 91% of revenue to 62%, a move hailed as a major economic achievement. Speaking during an interview with ...

Household wealth — the difference between what people own and what they owe — declined by $1.6 trillion in the first three months of the year, according to the Federal Reserve’s June release of its ...

On July 2, the Consumer Financial Protection Bureau (CFPB or Bureau) published the summer edition of its Supervisory Highlights, focusing on examinations of auto and student loan servicing companies ...

Debt servicing in Nigeria outpaced capital expenditure by N3.9tn over the past two years, highlighting growing fiscal pressures on the federal budget, according to a media brief obtained by The PUNCH ...