Eurobond Debts Rise By $9.37bn In Five Years, DMO Alerts

Commercial loans obtained by Nigeria through Eurobonds rose from $1.50billion as of December 31, 2015 to $10.87billion as of December 31, 2020, indicating a $9.37billion or 625 per cent increase in five years.
The debt stock remained at $1.5billion from 2015 to 2016, but rose to $6billion by 2017, indicating a $4.5billion or 300 per cent rise within a year.
The Debt Management Office, which gave…

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