Nigeria’s public debt has reached an all-time high of N134.3 trillion, as of the end of the second quarter of 2024. This represents a sharp increase compared to the N121.7 trillion recorded just a few months earlier in the first quarter. The main reason for the increase is the devaluation of the country’s currency, the…
Nigeria is now part of eleven African countries that have seen worsening governance levels in the last ten years dating back to 2014. A new report titled, “2024 Ibrahim Index of African Governance” published by the Mo Ibrahim Foundation saw Nigeria fall three places from 30th on the continent to 33rd. According to the report,…
A record 44 Nigerians and Ghanaians were deported from the UK on a single flight on Friday, marking a major increase in immigration enforcement. The Home Office confirmed the deportations as part of a larger surge in immigration returns, with more than 3,600 individuals deported since the Labour government took power in July. These efforts…
Amid rising inflation, a foreign exchange crisis and fuel price increases, Nigeria has successfully completed several major projects across the nation. These developments include a network of new highways designed to improve connectivity, modern bridges that enhance transportation efficiency, and industrial facilities aimed at boosting local production. As the government navigates these economic challenges, the…
A monumental embarrassment awaits Ghana, after the Confederation of African Football withdrew approval for the use of the Baba Yara Stadium for AFCON Qualifiers. The CAF inspection team, on their last visit to Ghana, identified several issues, including a playing field that was deemed unsuitable for competitive matches. Uneven surfaces, poor drainage, and inadequate grass…
Nigeria is the third-largest debtor to the World Bank’s International Development Association as of June 30, 2024, following a significant increase in its borrowing from the institution. A financial statement dated June 30 2024 but recently made public and obtained by our correspondent on Tuesday disclosed this. The IDA, a key arm of the World…
South Africa has denied visas to Nigeria’s national under-18 basketball team, preventing them from participating in the 2024 FIBA U18 Afrobasket tournament set to take place in Cape Town from December 14 to 22. The South African Consulate in Abuja denied the male players’ visas. The Vice Chairman, Nigerian Basketball Federation, Ugo Udezue, confirmed the…
Nigerians and South Africans’ online debacle took a new dimension on Thursday morning after both divides engaged in another supremacy battle. Citizens from two countries went for each others’ jugulars by ordering e-hailing drivers from opposing countries in the comfort of their homes. While South Africans began the show by allegedly ordering Bolt and Uber…
A Chinese investment group racing to recover up to $70 million in arbitration awards from Nigeria has concluded plans to list two residential structures it confiscated from the country for sale on global online marketplace eBay, Peoples Gazette was told by people familiar with the arrangement. Zhongshang Fucheng Industrial Investment Ltd took possession of two…
The Presidency has broken its silence on a French Court for the seizure of three Nigerian Presidential jets. Citing Financial Times, Daily Trust had reported how the court ordered seizure of the aircraft over a botched deal Ogun State government and a Chinese company. The jets listed for seizure are a Dassault Falcon 7X, a…