Nigeria’s foreign debt now $10.32 billion

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A money changer counts U.S. dollar bills at a currency exchange office in central Istanbul April 15, 2015.   REUTERS/Murad Sezer
A money changer counts U.S. dollar bills at a currency exchange office in central Istanbul April 15, 2015. REUTERS/Murad Sezer

LAGOS (Reuters) – 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 8.39 trillion naira ($43 billion) by end-June against 7.42 trillion naira a year earlier.

 

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