PARIS/ABUJA (Reuters) - The Paris Club of rich lenders has agreed in principle on a comprehensive debt relief deal for Nigeria and will negotiate with the country in the coming months, the 19-member Club announced on Thursday.
Nigerian sovereign debt strengthened on news of the accord, which Finance Minister Ngozi Okonjo-Iweala said represented a write-off of nearly $18 billion, or roughly 60 percent of the debt owed by Africa's most populous nation to the Paris Club.
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