Nigerian Firms Accumulate $54.5bn Private Foreign Debt-World Bank
Nigerian corporate entities expanded their unbacked foreign debt stock by 179.6 per cent over a seven-year cycle, pushing non-guaranteed private external obligations to $54.48 billion. The World Bank released these figures in its International Debt Report 2026, tracking balance sheet shifts from 2018 through 2025. Local enterprises turned heavily to offshore lenders, international banks, and…