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LequteMan
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Nigeria’s economy came under intense pressure in the second quarter of the year, as overall balance of payments recorded a 4.1 per cent deficit of the gross domestic product, GDP, amid a 6.1 per cent decline in external reserves and a slide in trade balance from 15.8 per cent in the first quarter to 8.9 per cent, the Central Bank of Nigeria has said.
Total stock of the country’s external debt equally showed signs of significant pressure, with an upward movement to $6.92 billion during the corresponding period, though the Debt Management Organisation, DMO, said it was within sustainable level.
Source: Premium Times
see more at http://premiumtimesng.com/business/...-pressure-due-rising-external-debt-others-cbn
Total stock of the country’s external debt equally showed signs of significant pressure, with an upward movement to $6.92 billion during the corresponding period, though the Debt Management Organisation, DMO, said it was within sustainable level.
Source: Premium Times
see more at http://premiumtimesng.com/business/...-pressure-due-rising-external-debt-others-cbn
