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Nigeria’s debt hits N28. 63tr

Nigeria’s total debt portfolio stands at N28.63trillion as at 31st March, 2020, the National Bureau of Statistics has disclosed. Its website report titled “Nigeria domestic and foreign debt first quarter 2020,” said in the period under review, the country’ domestic debt hits N18. 64 trillion, representing 65.11 percent of the …

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Naira to depreciate further as demand gap widens

The Central Bank of Nigeria (CBN) may be forced to further retract its defence and depreciate the naira as the apex bank increased the bid price for foreign exchange at its Secondary Market Intervention Sales (SMIS) window by 5.56 per cent to N380.00/$. Most analysts at the weekend agreed that …

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Nigeria’s debt profile hits N28.63tn

The total public debt portfolio of Nigeria has risen to N28.63tn, the Debt Management Office announced on Thursday. In its Public Debt Portfolio report released on Thursday night, the DMO explained that the country’s total debt rose from the N27.4tn recorded in December 2019 to N28.63tn in March 2020. This …

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