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Treasury’s Potentially Limitless Buybacks Cloud T-Bill Outlook

The US Treasury Department’s decision to boost buybacks of long-dated bonds is complicating the outlook for issuance of short-term securities, including Treasury bills, which are expected to be used to finance the plan.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

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Nigeria spends N4.14 trillion more on debt service than infrastructure

Nigeria incurred N10.61 trillion in additional debt-service costs between June 2023 and December 2025, about N4.14 trillion more than the N6.47 trillion spent on strategic infrastructure development…

  • Nigeria spent N4.14 trillion more on debt service than infrastructure (June 2023 - December 2025)
  • External debt service drove N9.37 trillion of the added burden
  • Debt service accounted for 34.6% of government's incremental expenditure

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