Nigeria’s 2023 borrowing plans at risk as creditors dry up

October 4, 2022

Public debt up 20.8% on naira, inflation, revenue crises

debt in Nigeria

Nigeria faces an uphill task finding creditors to plug an N11 trillion hole in the proposed 2023 budget amid foreign investor apathy for the country’s debt instruments and rising domestic interest rates. The yield on Nigeria’s latest $1.25 billion Eurobond has jumped by more than 500 basis po

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