Nigeria’s debt stock will reach N187.79 trillion this year as the country grapples with a rising borrowing cost, naira depreciation and aggressive government borrowing, it has been projected.
This is according to a recent report by Cardinalstone, an investment and research firm which revealed that the country’s debt will reach N153.04 trillion by year-end 2024.
This accumulation in debt profile, according to the report, is fueled by the issuance of a dollar-denominated domestic…
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