LAGOS DECEMBER 6TH (NEWSRANGERS)-Naira devaluation raised Nigeria’s external debt by about N30.03tn between 2023 and June 2024 when considered in naira terms, an analysis by The PUNCH showed. Despite a reduction in the country’s debt when measured in US dollars, the exchange rate shift has made Nigeria’s foreign obligations far more costly in local currency….
LAGOS DECEMBER 20TH (NEWSRANGERS)-Nigeria’s total external debt stock declined by $1.57 billion in the third quarter of 2023 from $43.16 billion to $41.59 billion as of September 30, 2023. This is according to the third quarter public debt report published by the Debt Management Office (DMO). According to the statement, the reason for the decline…
LAGOS OCTOBER 25TH (NEWSRANGERS)-Nigeria’s total external debt has risen from $10.32bn on June 30, 2015, to $40.06bn as at June 30, 2022, The PUNCH has learnt. This shows that there has been an increase of 288.18 per cent in seven years, according to the external debt stock reports by the Debt Management Office. A breakdown…