National Wire About Nigerians, Nigerian Business and Other Stories
Nigeria’s Foreign Commercial Loans Rise To $8.8bn
The nation’s foreign commercial loans have risen to $8.8bn, an analysis of data obtained from the Debt Management Office has shown. A further analysis of the debt statistics shows that the commercial debts make up 39.87 per cent of the nation’s $22.07bn external exposure. Three years ago, March 31, 2015, the country’s exposure to foreign commercial loans stood at $1.5bn. …
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