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Rupee almost remains stable against dollar

The Rupee on Monday appreciated by 1 paisa against the US Dollar in interbank trading and closed at Rs 277.70, compared to the previous day’s closing of Rs 277.71. According to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market were recorded at Rs 278.50 and […]

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More in Finance & Markets

AfDB: Nigeria, Ghana spend more on external debt interest payment than public health

Nigeria and Ghana are among the West African economies where debt-interest payments rival or exceed public health spending, highlighting the growing pressure debt servicing is placing on government…

  • Nigeria and Ghana spend more on external debt interest than public health.
  • External debt service share of GDP increased from 23.7% in 2017 to 31% in 2024.
  • Debt servicing hampers fiscal space for healthcare, infrastructure, and development.