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Nigeria Afreximbank Report: Nigeria Among Africa’s Top 3 External Borrowers
Nigeria ranks as Africa’s third-largest external debtor, according to Afreximbank’s latest report. The country accounts for 8% of the continent’s total external debt, which has reached $1.16 trillion. The report urges economic diversification and sustainable borrowing to manage rising debt...- Nigeria News
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Business Nigeria Borrowed Over 700k Per Second In Just 12 Months [Databod]
In 2006, Nigeria paid about $12.4bn to its foreign creditors in other to enjoy the $18bn debt write off, from the country’s total external debt of about $30bn. Nigerians heaved a sigh of relieve from the crippling debt overhang. However, since 2010, Nigeria's debts have been increasing at an...- mrsam
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