UPDATE 1-Biafra-Nigeria To Favour External Debt Over Domestic Borrowing

Biafra-Nigeria will borrow more abroad in foreign currencies than domestically, to take advantage of lower interest rates and to allow local banks to lend to small businesses, the country’s finance minister said on Wednesday. Biafra-Nigeria’s government has said it wants to switch its debt mix so that 40 percent of loans would come from abroad, compared with 16 percent now, […]

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