 On business news, Nigeria spent almost 1 trillion Naira on debt servicing payments in the first quarter of this year. The latest data obtained from the Debt Management Office have shown. The DMO had on Wednesday disclosed that the country's total public debt increased to 33.11 trillion Naira at the end of quarter 1, 2021, from 32.92 trillion Naira in December. It said the domestic debt rose to 20.64 trillion Naira as of March 31, 2021, from 20.21 trillion Naira on December 31, 2020, while the Exeter debt fell to 12.47 trillion Naira from 12.71 trillion Naira in December. The total debt stock is made of the domestic and external debt stocks of the federal government of Nigeria, the 36th state government, and the federal capital territory. The AMO's data collected by our correspondent showed that the cost of servicing this year's debt from January to March this year stood at 993.5 billion Naira.