The Federal Government has projected that debt servicing will cost N10.43tn by 2025, according to the 2023-2035 Medium Term Expenditure Framework & Fiscal Strategy Paper. This is a 182.66 per cent increase from the N3.69tn budgeted for debt service in 2022. Multilateral agencies and economists have constantly warned the Federal Government about the rising cost of debt service, which can trigger a crisis for the country. However, the Minister of Finance, Budget and National Planning, Dr Zainab Ahmed, and the Director General of the Debt Management Office, Patience Oniha, have insisted that the country does not have a debt problem…
Author: YemieFash
Long jumper Ese Brume on Sunday helped sixth-place Team Nigeria record their best ever outing at the Commonwealth Games in 72 years, after her record-breaking leap of 7.00m at the ongoing edition of the Games in Birmingham on Sunday. On course to winning the country’s 12th gold medal of the event, Brume achieved it in style, breaking the Commonwealth Games record in the women’s long jump twice, on the way to her golden performance. Her effort ensured Team Nigeria had 12 gold, nine silver and 14 bronze medals, erasing their previous best performance at the Games in 1994 in Victoria…
The Premier League’s all-time record goalscorer, Alan Shearer, has challenged new Manchester City striker, Erling Haaland to break his record. This was after Haaland, who joined Man City from Dortmund this summer, scored two goals to give the Premier League champions all three points against West Ham at the London Stadium. The Norwegian’s performance on Sunday was completely at odds with his woes at the King Power Stadium last weekend when City were defeated in the Community Shield by Liverpool. He had thrown away two glorious chances, the worst seeing him hit the crossbar from just six yards out. The…
Eight suspected terrorists including their gang leader, Abdulkarim Faca-faca, were killed in a raid by the Nigerian Air Force (NAF) in Safana Local Government Area of Katsina State on Saturday. Faca-faca was reportedly killed on Saturday in an airstrike by a team of the Nigerian Air Force who raided terrorrists hideouts in Marina-Safana Local Government Area of Katsina State. It was gathered from some of the locals that while some of the terrorists escaped with gun wounds, all their rustled animals perished in the airstrike. Hon. Abduljalal Haruna Runka, the lawmaker representing Safana in Katsina State House of…
President Muhammadu Buhari has pledged full support for three major international events scheduled to hold in Nigeria in October and November. According to him, these events are opportunities to showcase the nation’s rich heritage in culture, arts, tourism and entertainment as well as advancements in media freedom. Nigeria will be hosting the 2022 UNESCO Global Media, Information Literacy (MIL) Week in Abuja in October. The country will host the first Global Conference on Cultural Tourism and Creative Industry in Lagos also in October. In November, it will host the 2nd Global Association of Literary Festivals Conference in Abeokuta.…
Nigeria’s Tobi Amusan has successfully defended her Commonwealth Games 100m hurdles title after breezing to the first position on Sunday at the Alexander Stadium in Birmingham. Amusan set a new Games Record of 12.30s to set a new Games Record and also secure Nigeria’s 10th gold medal in what has been an amazing year. A 2.4 m/s tailwind denied Amusan the chance of breaking the Games Record in the semi-final. However, there was no stopping the World Record holder as she breezed to a time of 12.30s to eclipse the 16-year-old 12.65 seconds Games record set…
Sadio Mane wasted no time in announcing his presence in the German League as he scored on his Bundesliga debut against Eintracht Frankfurt on Friday. Mane, who joined Bayern in a summer switch from Liverpool has been in sizzling form throughout preseason games, cementing his bonafides as a top striker. In the match which ended 6-1, Joshua Kimmich opened scoring for the Bundesliga Champions with a free-kick barely five minutes into the game. Benjamin Pavard doubled Bayern’s lead five minutes later, while Mane made it three after heading home Serge Gnabry’s cross in the 29th minute. Jamal Musiala and Gnabry…
The Ogun State Governor, Dapo Abiodun says development in Ogun will be enhanced if civil and public servants rededicate themselves and see their jobs as a call to duty to the people of the state. The governor gave this position on Friday while fielding questions from newsmen shortly after he personally inspected offices at the State Secretariat, Oke-Mosan Abeokuta. He noted that as the engine room of government and partners in the “Building our Future Together agenda” of his administration, workers have a lot to offer the state through hard work and dedication. He said, “I have come here this…
Festus Keyamo, minister of state for labour and employment, says “security breaches” in parts of country cannot be used as a “yardstick” to say the President Muhammadu Buhari-led government has failed. Keyamo spoke on Friday an interview with Channels Television. Over the past weeks, the spate of violent attacks has increased in parts of the country, with the federal capital territory (FCT) recording attacks. In July, there was an attack on the correctional centre in Kuje council area in the FCT, while troops of the presidential guard brigade were killed when they ran into an ambush by gunmen in the…
The naira on Friday remained constant exchanging at N428.12 to the dollar at the Investors and Exporters window. The local currency remained unchanged at N428.12 to the dollar, same as the N428.12 traded on Thursday. The open indicative rate closed at N429 to the dollar on Friday. An exchange rate of N444.00 to the dollar was the highest rate recorded within the day’s trading before it settled at N428.12. The naira sold for as low as 416 to the dollar within the day’s trading. A total of 71.92 million dollars was traded in foreign exchange at the official Investors and…