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Nigeria’s External Debt Set to Hit $50 Billion as Loans Surge

Nigeria’s external debt is expected to surge to $50 billion, according to projections by the Debt Management Office (DMO), as the country prepares to release its latest public debt figures for the third quarter of 2024. As of 31st March 2024, Nigeria’s total public debt stood at ₦121.67 trillion ($91.46 billion), with domestic debt accounting […]