Nigeria's debt rises to staggering N134.3 trillion in Q2 2024   Nigeria’s domestic and external debt portfolios reveal strategic borrowing trends, with domestic debt continuing to dominate the public debt landscape in Q2 2024. Domestic debt accounted for 53% of the total, amounting to N71.2 trillion ($48.4 billion), while external debt made up 47%, equivalent to N63.1 trillion ($42.9 billion). The data further shows a rising trend in the country’s debt-to-GDP ratio, which continues to escalate to over 50%, raising concerns over fiscal sustainability. FGN bonds dominate 78% of domestic debt and FGN Bonds constituted...