Debt, weak remittances shrink Nigerias cross-border payments by 14.3%

By Chinwendu Obienyi Nigerias international payments declined by 14.3 per cent year-on-year (y/y) in the first eight months of 2025, reflecting weaker foreign debt service payments and sluggish direct remittances, data gleaned from the Central Bank of Nigeria (CBN) revealed at the weekend. International trade refers to money transfers made from one countrys official channel []The post Debt, weak remittances shrink Nigerias cross-border payments by 14.3% appeared first on The Sun Nigeria.
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