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Nigeria at risk as W. Bank cautions countries rising debt crisis
Sopuruchi Onwuka Developing countries are entering a new phase of financial strain as debt costs climb to record highs, with the World Bank warning that many nations are now facing the largest financing shortfall in 50 years. Between 2022 and…
Nigeria’s public debt crosses $100 bn mark
Nigeria’s total debt stock has at the end of first quarter of 2022 reached N41.60 trillion and crossed the $100 billion mark. The Debt Management Office (DMO) declared that the country’s debt recorded a quarterly increase of N2.04 trillion. The…
