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Nigeria’s whole debt, each exterior and home, edged up by 4% to $92.6 billion as of the tip of September in accordance with the most recent information from the Debt Administration Workplace (DMO).
The DMO stated the rise was due largely to the federal government’s $4 billion Eurobond issuance earlier this yr that was used to fortify the nation’s overseas change reserves and to forestall the naira from depreciating the identical method that the Kenyan shilling has for the previous yr.
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