Nigeria’s Debt To Balloon Beyond N49trn On Conversion Of Central Bank Of Nigeria N10trn Borrowing

Nigeria has set the terms for the conversion of its stock of central bank overdrafts into long-term notes. The conversion will add to Nigeria’s debt stock, which stood at 49 trillion naira at the end of last year, according to IMF estimates. The plan to convert the ways and means borrowing is to create transparency…

– Businessday