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LAGOS: Nigeria's total debt rose to 12.60 trillion naira ($65.42 billion) as of December 2015, up from 11.2 trillion naira in 2014, the Debt Management Office said, as the country grapples with a slump in oil prices that has slashed government revenues.
The debt office said on its website that foreign bonds and loans stood at $10.7 billion at the end of December, equivalent to about 16 percent of total debt and up from $9.71 billion at the end of 2014.
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