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The total debts owed by state governments and the Federal Capital Territory Administration rose to N6.43tn at the end of 2021. While sub-national domestic debt stock was N4.46tn, the sub-national external debt stock was N1.97tn in 2021. Lagos, Ogun and Rivers became the three most indebted states, according to the latest data from Debt Management Office. The N4.46tn domestic debt represents 11.27 per cent of the country’s domestic debt stock of N23.70tn as of December 2021, up from N20.21tn in the previous year. Lagos, Ogun, Rivers, Akwa Ibom, and Imo emerged as the top five debtors, with a combined domestic…
President Muhammadu Buhari has said the newly built international terminal of the Murtala Muhammed Airport in Lagos will create 3,000 direct and indirect employment jobs for Nigerian youth. Buhari said this as he commissioned the new terminal on Tuesday. “This improvement will increase airport operation and management services to about 14 million passengers per annum. With a positive multiplier effect by creating 3,000 direct and indirect employment opportunities for our youth,” Buhari said. Also, the president said the terminal will increase inflow of foreign direct investment and exponential growth in the Growth Domestic Product (GDP). According to the Nigeria Bureau…
Representative of the Inspector General of Police, Usman Alkali Baba, on Tuesday met with police officers in the Ogun State Command over a threat to embark on strike by the junior officers. Some aggrieved rank and file in the Nigeria Police Force, according to reports, threatened the strike, over poor salary, lack of sophisticated weapons to fight crime, bad condition of their barracks, failure to provide uniforms, among others. It was gathered that the Police IG had begun meeting with the police officers nationwide over the looming strike. The IG represented by the Deputy Inspector General of Police in charge…
China's NATO blame game in the wake of Russia's invasion of Ukraine has been brought back to Asia, where Beijing says U.S. alliance-building could result in a great power clash before long. The Chinese leadership's decision to side with Russia came long before Vladimir Putin ordered troops across lines of control into Ukrainian-held territory on February 24. Officials in Beijing sympathize with Moscow's grievances against the West because they perceive a similar U.S.-led containment effort happening around them, despite American assurances that it's not the case. From China's perspective, a contested land border with India as well as maritime and…
The battle for Ukraine’s cities thundered across its suburbs Tuesday, with the Ukrainian military saying it forced Russian troops out of a strategically important Kyiv suburb, while Russian forces took partial control of three northwest areas where there’s been fighting for weeks. A senior U.S. defense official said Tuesday that Russian ground forces were still largely stalled outside the capital city, but Russian ships spent the past day shelling the already devastated southern port city of Mariupol from offshore. Civilians making the dangerous escape from Mariupol described fleeing through street gun battles and past corpses as Russian forces tried to…
Ukraine poultry companies report major losses caused by the Russian invasion and direct attacks on poultry production assets and warehouses. Ukraine’s largest egg producer, Avangard, said that the Russian aggression caused significant losses in production capacity, with several key egg farms shut down and destroyed, while at some operational farms the birds were left without feed and “condemned to death”. To date, the overall financial losses the company sustained have reached 1.5 billion hryvnias (US$51 million). Almost the entire flock slaughtered “In particular, Europe’s largest egg cluster, Chornobayivska in Kherson Region, has lost the ability to feed the birds, transport…
Fully vaccinated travellers coming into Nigeria will no longer be required to take a pre-departure PCR Covid-19 test. This is according to the Chairman of the Presidential Steering Committee, Boss Mustapha. Mustapha made the comment on Monday during a briefing of the PSC announcing a revision of International Travel Protocols. However, passengers who are unvaccinated or partially vaccinated are still expected to take a Covid-19 PCR test 48 hours before departure, or do a Day 2 and day 7 test on arrival. Such passengers, he said, will be expected to pay for their PCR tests through the Federal Government’s travel…
Central Bank of Nigeria (CBN) on Monday announced its decision to keep benchmark rates unchanged, its governor said, a day earlier than scheduled to avoid falling into limbo because several monetary policy committee (MPC) members are retiring on Tuesday. Three rate setters voted to raise rates by 25 basis points and one for a 50 basis point hike. Six others voted to hold rates, marking the 10th decision to hold rates steady since the bank cut them in September 2020. Governor Godwin Emefiele said the decision was to boost its fragile economy and counter potential headwinds from the Ukraine war…
The battle for Ukraine’s strategic port of Mariupol raged on Monday, as Ukraine rejected a Russian offer to evacuate its troops from the besieged city. Russian bombardment continued to hit it and other cities in Ukraine. Ukrainian President Volodymyr Zelenskyy said about 400 civilians were taking shelter at an art school in the Sea of Azov port city when it was struck by a Russian bomb. Warning that relations with the U.S. are “on the verge of a breach,” Russia has summoned the U.S. ambassador to protest President Joe Biden’s criticism of Russian President Vladimir Putin. Russia’s war in Ukraine,…
President of South Africa, Cyril Ramaphosa, has said the war in Ukraine could have been avoided if NATO had heeded the warnings of some of its leaders. “The war could have been avoided if NATO had heeded the warnings from among its own leaders and officials over the years that its eastward expansion would lead to greater, not less, instability in the region, ” Ramaphosa said in parliament on Thursday. He said South Africa aligns with the principle that countries should refrain from the threat or use of force against the territorial integrity or political independence of other states. He…
June 24, 2025

Oil prices fall to over one-week lows as Trump announces Israel-Iran ceasefire

Oil prices tumbled on Tuesday to their lowest level in more than a week as…
June 25, 2025

Tinubu’s controversial biography reignites as Atiku disputes claim of Belarusian ‘schoolmate’

President Bola Tinubu’s already controversial academic record has come under renewed scrutiny following his recent…
June 23, 2025

The reason even successful people struggle to get out of bed some days

Sometimes after a long, productive day, I only have the energy to scroll on social…
June 21, 2025

Man convicted of posing as flight attendant to fly for free 120 times

A 35-year-old American man has been found guilty of impersonating a flight attendant at least…
June 25, 2025

Over 40 security operatives killed by bandits in Zamfara, Daily Trust reports

One of Nigeria’s most notorious bandit kingpins, Kachalla Bello Turji, reportedly killed more than 40…
June 25, 2025

Israel Vs Iran: Here’s what to know after Day 12

Fragile ceasefire holding, Trump envoy says peace talks with Iran 'promising' The ceasefire brokered by…
June 25, 2025

Tesla robotaxi launch: Why getting from dozens to millions of self-driving cars won't be easy

Tesla (TSLA.O) finally has a robotaxi. Now comes the hard part. The electric-vehicle maker deployed…
May 13, 2025

Nigeria's Flying Eagles qualify for World Cup after dramatic win over Senegal

Nigeria's U-20 national football team, the Flying Eagles, have secured their place at the 2025…

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