Nigeria’s public debt has exceeded the government’s debt sustainability threshold after the Federal Government borrowed 61.2% more than originally budgeted to finance a wider-than-expected fiscal deficit in 2024, according to data from the Budget Office analyzed by BusinessDay. The report showed that total public debt rose to ₦144.67 trillion, pushing the country’s debt-to-GDP ratio to…
The Federal Government has formally confronted South Africa over the killing of 98 Nigerian citizens, demanding immediate action to end recurring xenophobic attacks and guarantee the safety of Nigerians living in the country. The diplomatic protest was delivered during a high-level meeting in Abuja with South African Minister of International Relations and Cooperation, Ronald Lamola,…
Africa’s richest man, Aliko Dangote, plans to donate one-third of his fortune to charitable causes as part of a long-term succession strategy designed to preserve his philanthropic legacy for generations. The revelation was made by his daughter, Halima Dangote, a trustee of the Aliko Dangote Foundation, during an interview with Bloomberg. According to Halima, Dangote…
By Izuchukwu Okosi Ten-time African champions Nigeria began their chase for an unprecedented 11th Women’s Africa Cup of Nations title in a disappointing fashion with a 3-2 defeat against Malawi. The first half failed to produce much in terms of goal-scoring chances but the game came alive in the second half with the unheralded Maalawi…
Nigeria’s Kayinsola Ajayi stormed into the final of the men’s 100m at the Commonwealth Games in Glasgow on Tuesday evening in drizzling Glasgow rains as he continues his dazzling form in the year. Ajayi clocked a time of 9.93s (+0.7) to win his heat under the rain, beating Jeremiah Azu who ran 10.00s and Abdul-Rasheed…
Former Anambra State Governor and 2027 presidential hopeful Peter Obi has clarified remarks he made during a recent television interview after they sparked widespread debate online. During his appearance on Channels Television, Obi said that “all the commissioners that served with me” during his eight years as governor were Muslims while responding to allegations of…
The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has ordered an immediate crackdown on illegal street car racing in Abuja’s residential neighborhoods, saying the activity puts lives and property at risk. Speaking after inspecting ongoing infrastructure projects on Monday, Wike said motorists had turned some of the capital’s newly constructed roads into racing…
Nigeria has achieved a major milestone in its downstream petroleum sector, with domestic refineries supplying 100% of the country’s aviation fuel (Jet A-1) demand for the past 13 consecutive months, completely eliminating the need for imports. Official industry data shows that no aviation fuel imports have entered the country during the period. The shift has…
Cup-holders Nigeria aim to kick off their defence of the Women Africa Cup of Nations title in an emphatic manner when they lock horns with debuting ‘Scorchers’ of Malawi at the Al Medina Stadium in Rabat on Tuesday night. Last year, the most successful women’s team on the African continent and one of the best…
Nigeria’s U20 Boys, Flying Eagles, began their campaign in this year’s WAFU B U20 Championship with a statement win on Monday, defeating Ghana’s Black Satellites 4-2 in a pulsating six-goal encounter that had fans on the edge of their seats from start to finish. The game exploded into life early. Olayemi Ayinla gave Nigeria the…
