Most Indebted Countries in African

Nigeria

credit: Wikipedia

Nigeria had the largest economy in Africa in 2014, worth over $500 billion and $1 trillion in terms of purchasing power parity and nominal GDP. The market in Nigeria is an emerging one. From 2008 to 2015, the country had an average external debt of $5943.38. In the fourth quarter of 2016, the internal debt of Nigeria rose to $11.4 billion.

That figure was $11.2 billion in the third quarter of 2016. Between 2008 and 2016, it recorded an average value of $6.9 billion, with the lowest value of $36.2 billion in 2009 and a high of $11.4 billion in 2016. They have accepted the Chinese Yuan as their reserve currency.

Estimated debt: $10.1 billion