Nigeria’s private sector foreign debt rise 179.6% to $54.5bn — World Bank
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Nigeria’s private sector foreign debt rise 179.6% to $54.5bn — World Bank
13 Nov, 2026
The World Bank said that the foreign debt of Nigerian companies rose by 179.6 per cent in seven years to $54.48 billion in 2025 from $19.49 billion in 2018. This implies that Nigerian businesses now owe foreign lenders almost three times what they owed in 2018. The World Bank disclosed this in its International Debt Report 2026 which stated that Nigeria’s private sector nonguaranteed external debt stood at $54.476 billion as of December 2025......….......READ MORE
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