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Nigeria's public debt reached $406 billion in Q3 2024, a 5.97% increase from the previous quarter.
Nigeria's public debt surged to N142.3 trillion ($406 billion) in Q3 2024, up 5.97% from N134.3 trillion in June.
The rise is due to increased domestic borrowing and the effect of the weakening naira, which depreciated from N1,470.19/$ to N1,601.03/$.
External debt in naira terms rose by 9.22%, while domestic debt increased by 3.10% in naira terms but fell by 5.34% in dollars.
The federal government's domestic debt grew from N66.96 trillion to N69.22 trillion.
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La deuda pública de Nigeria alcanzó los 406.000 millones de dólares en el tercer trimestre de 2024, un aumento del 5,97% con respecto al trimestre anterior.