Nigeria’s domestic debt service down to N2.14 trillion

Nigeria’s domestic debt-service payments declined by about N1 trillion to N2.14 trillion in the second quarter of 2026 from N3.14 trillion in the first quarter.

This represents a 3.18 % decline from the previous quarter according to a data from the Debt Management Office (DMO).

Interest and rental payments accounted for N1.98 trillion of the Q2 total, while principal repayments stood at N164.28 billion.

Interest payments on Federal Government bonds accounted for the largest share of Nigeria’s domestic debt-service bill during the quarter, reaching N1.39 trillion.

The government paid N530.84 billion in FGN bond interest in April, N332.49 billion in May and N525.05 billion in June.

Interest payments on Nigerian Treasury Bills (NTBs) amounted to N488.80 billion, comprising N180.64 billion in April, N201 billion in May and N107.16 billion in June.

FGN Sukuk rental payments stood at N92.29 billion, with N27.49 billion paid in April, N29.38 billion in May and N35.42 billion in June.

Interest payments on FGN Savings Bonds amounted to N4.66 billion, while the FGN Green Bond accounted for N5.56 billion.

Overall, interest and rental payments totalled N1.98 trillion during the quarter, making up the bulk of the domestic debt-service bill.