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Home Business News Politics

And What Was Our Foreign Debt Like In June?

Editor by Editor
July 27, 2015
in Politics
And What Was Our Foreign Debt Like In June?
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  • Nigeria’s foreign debt stood at $10.32 billion in the first six months of the year, up 10 percent from $9.38 billion in the same period of last year, the Debt Management Office (DMO) said on Monday.
  • Offshore debt in naira terms showed a 39.1 percent rise to 2.03 trillion naira, due to a weaker currency which lost 20.9 percent during the period, the government agency said.
  • The DMO said domestic debt stood at N8.39 trillion ($43 billion) by end-June against N7.42 trillion a year earlier.
  •  Source:Reuters.
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