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Story highlights Nigerian states have experienced a 122% increase in external debt servicing in the first six months of 2024, reaching N139.92 billion compared to N63.06 billion in 2023. This surge reflects heightened borrowing costs amid currency depreciation, significantly impacting subnational expenditure and fiscal health. Kaduna and Lagos states pay the highest external debt
His Excellency, Peter Gregory Onwubuasi Obi who had previously fumed over Nigeria’s poor outing at Paris Olympics and labeled it a disaster has however offered more insights to what we could deduce from the shambolic outing in Paris, France 🇫🇷. He wrote below : “The loud message from the 2024 Olympics. After I lamented Nigeria’s disastrous outing
Former President Olusegun Obasanjo says it is immoral for the members of the national assembly to determine their salaries and allowances. Obasanjo spoke on Friday when he hosted some members of the house of representatives in Abeokuta, the capital city of Ogun state. The former president said it is the duty of the Revenue Mobilisation
The head coach of the Nigerian female basket ball team, “D’tigress” Rene Wakama has emerged as the over all best coach in the just concluded Paris Olympics 2024. Rene Wakama, Born to parents who hail from Okirika in Rivers State, the 32-year-old Coach orchestrated an incredible Nigerian run at the Olympics, leading DTigress to become
The row over Air Peace’s flight operations from the United Kingdom has taken another turn with Festus Keyamo, the Nigerian minister of aviation and aerospace development, writing to his British counterpart to lodge a formal complaint, TheCable understands. In a letter dated August 1, 2024 and addressed to Louise Haigh, the UK secretary of state
His Excellency, Peter Gregory Onwubuasi Obi has fumed over the disastrous outing of the Nigerian contingents in Paris2024 Olympics. He wrote below : “Now that the Paris Olympics 2024 has officially ended and our dear Team Nigeria, despite the huge financial investment made into the project, is returning without a single medal, let me unreservedly register
A gripping scene unfolded at Lagos Airport on Saturday when a woman dramatically tore her husband’s international passport, just moments after their arrival from abroad. This shocking act, perceived by many as vandalism of government property, has sparked widespread outrage and ignited calls for legal repercussions. When questioned about her outburst, the woman shot back
The National Youth Service Corps, NYSC, has responded to circulating reports on social media claiming that corps members’ bank accounts are being upgraded to accommodate a new N70,000 minimum wage. In a statement signed by Eddy Megwa, the NYSC Director of Information and Public Relations, the Scheme called the story misleading. The NYSC clarified that
His Excellency, Peter Gregory Onwubuasi Obi has condoled and mourned those that lost their lives during the #EndBadGovernanceProtest in Nigeria. He wrote below : ” With the #Endbadgovernance protests officially concluded yesterday, I want to once again express my deepest condolences to all who have lost their lives, including the security personnel, during these protests. These
The Abia state government has denied receiving 20 trucks of rice as palliative from the Nigerian government under the leadership of Bola Ahmed Tinubu . According to Prince Okey Kanu, the State Commissioner for Information, no palliatives have arrived in the state, and there has been no communication from the Federal Government regarding any such