Mar 22, 2020

More debts and currency devaluation ahead 

This entry is part 15 of 18 in the series 215 issue

Nigeria’s total debt is expected to increase substantially after the Senate approved a presidential request for loans worth $22.7 billion. The country’s total debt today stands at NGN 33 trillion, equivalent of a little more than US$ 90 billion. The Director-General of the Debt Management Office (DMO), Patience Oniha, expressed fear that the economic effects…

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