Nigeria’s debt service to revenue racing towards 70%

Nigeria’s debt service to revenue racing towards 70%

Nigeria’s debt service to revenue has gone from 29 percent in 2014 to 62 percent as at June 2017 and there is still some way to go before year end, if the government sees through plans to raise a $5.5 billion Eurobond this year. Moscow-based investment firm, Renaissance Capital expects Nigeria’s debt service to revenue…

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