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Author: Marketforces Africa
MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.
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Nigeria’s total debt stock rose to N24.9 trillion as at the end March 2019. This is revealed in the latest statistics released on Wednesday by the Debt Management Office (DMO).
According to the latest data released by DMO, Nigeria’s total debt portfolio increased by 2.3% to hit N24.9 trillion as of March 31, 2019, compared to N24.3 trillion in December 2018.
Meanwhile, the breakdown shows that total external debt is estimated at N7.8 trillion, constituting 31.5% of total debt, while the total domestic debt rose to N17 trillion or 68% of total debt stock within the quarter.
Detail analysis later.