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Nigeria’s External Debt Set to Hit $50 Billion as Loans Surge

Nigeria’s external debt is expected to surge to $50 billion, according to projections by the Debt Management Office (DMO), as the country prepares to release its latest public debt figures for the third quarter of 2024. As of 31st March 2024, Nigeria’s total public debt stood at ₦121.67 trillion ($91.46 billion), with domestic debt accounting […]

Super Eagles Held at Libyan Airport for 12 Hours, Match in Jeopardy

The Super Eagles have been stranded at Al Abraq Airport in Libya for more than 12 hours after landing for their 2025 Africa Cup of Nations (AFCON) qualifier, scheduled to be played against Libya. A statement from the Nigerian Football Federation (NFF) on Monday revealed that the team, along with officials and luggage, has been […]

Fuel Price Jumps to N1,030 as NNPC Removes Subsidy

The Nigerian National Petroleum Company Limited (NNPC) has raised the pump price of Premium Motor Spirit (PMS) to N1,030 per litre at its outlets in Abuja, effective from Wednesday. This latest increase follows the NNPC’s decision to end its exclusive purchase agreement with Dangote Refinery. On Monday, the company announced the termination of the arrangement, […]

Court Directs INEC to Recognise Abure-Led Labour Party Leadership

The Federal High Court in Abuja yesterday directed the Independent National Electoral Commission (INEC) to recognise the Labour Party (LP) under the leadership of Julius Abure, granting the party all rights and privileges associated with duly registered political entities in Nigeria. The ruling, delivered by Justice Emeka Nwite, was the result of a suit filed […]

IGP Directs Reopening of LGA Secretariats in Rivers

The Rivers State Police Command has unsealed all 23 Local Government Area (LGA) secretariats following the election and swearing-in of new council chairmen. In a statement released on Monday, the Command’s Public Relations Officer, Grace Iringe-Koko, confirmed that the newly appointed Commissioner of Police, Mustapha Bala, acting on the directive of the Inspector General of […]

EFCC Challenges Emefiele’s Attempt to Block Seizure of Assets and $2m Funds

The Economic and Financial Crimes Commission (EFCC) has asked the Federal High Court in Lagos to dismiss an application filed by the former Central Bank of Nigeria (CBN) governor, Godwin Emefiele, seeking to prevent the forfeiture of properties and funds linked to him. On 25 August 2024, the court authorised the EFCC to temporarily seize […]

Zenith Bank Issues Apology After Service Interruptions During IT Upgrade

Zenith Bank PLC has issued an apology to its customers following disruptions in its services, which occurred due to an upgrade in its infrastructure. The bank reassured customers that the service interruptions were part of routine IT maintenance aimed at enhancing its overall service delivery. In a statement on Thursday, Zenith Bank acknowledged the disruptions […]

Protests In Lagos and Abuja as Nigerians Demand Economic Relief

As Nigeria marked its 64th Independence anniversary on Tuesday, thousands of citizens took to the streets in Lagos and Abuja to protest the escalating cost of living and energy prices in Africa’s most populous country. For many, the celebration was overshadowed by frustration, as demonstrators urged President Bola Tinubu’s government to address the soaring inflation […]

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