Eurobonds Account for a Fifth of Nigeria’s Foreign Debt of $66.6 billion

Eurobonds make up more than a fifth of Nigeria’s total foreign debt portfolio of $66.63 billion as of September and more than half of interest paid in the third quarter, the Debt Management Office (DMO) said on Wednesday.

Foreign debt stood at $59.82 billion a year earlier.

The DMO said domestic debt stood at 20.37 trillion naira ($67 billion) by September compared with 16.88 trillion Naira last year.