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IMF warns Nigeria, others over rising debt

IMF warns Nigeria, others over rising debt

Nigeria and other countries in sub-Saharan Africa risk a debt distress because of heavy borrowing and gaping deficits, despite an overall uptick in economic growth, the International Monetary Fund (IMF) warned yesterday. Nigeria’s external and domestic debts as at December, 2017 stood at N21.72 trillion ($70.99 billion), data from Debt Management Office (DMO) has shown.Read More
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