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The Federal Government has spent $1.36bn to service outstanding debts owed to 12 international and multilateral creditors in the first six months of 2024. This is according to an analysis of data from the public debt reports released by the Debt Management Office. The figure for payments made between January to June 2024 represents a…
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President Bola Tinubu will depart Nigeria for Brazil on Sunday for the 19th meeting of the G20 Leaders’ Summit. Disclosing this, Tinubu’s Special Adviser on Information and Strategy, Bayo Onanuga, said the president’s latest trip is at the instance of the Brazilian President and current President of the group, Luiz Inacio Lula da Silva. This…
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The World Bank has uncovered $32 million in unaccounted funds in Nigeria’s water project. This was disclosed in the banks’ recently released FY2024 Sanctions System Annual Report. The report showed that the missing funds were intended to bolster water infrastructure in Nigeria but were not adequately accounted for, prompting an intervention to safeguard the project’s…
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The Independent National Electoral Commission (INEC) has declared Lucky Aiyedatiwa of the All Progressives Congress (APC) as the winner of the Ondo State governorship election held on Saturday. Aiyedatiwa defeated his closest rival, Mr Agboola Ajayi of the People’s Democratic Party (PDP), securing 366,781 votes to Ajayi’s 117,845. The APC clinched victory in all 18…
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President Bola Tinubu has officially received Indian Prime Minister Narendra Modi at the Aso Rock Presidential Villa in Abuja. Modi, who arrived on Saturday evening, was welcomed on Sunday morning with an elaborate ceremony that included the Indian national anthem and a Guard of Honour mounted by the Brigade of Guards. The ceremonial reception also…
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Chidimma Adetshina, Nigeria’s representative at the 73rd Miss Universe competition, has expressed deep gratitude to Nigerians and Africans for their support, which contributed to her historic achievement at Miss Universe 2024. During the final moments of the prestigious event at Arena CDMX in Mexico City on Sunday morning, a thrilling showdown unfolded between Adetshina and…
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The South East Governors Forum Secretariat (SEGOFS) has taken a decisive step toward fostering regional economic progress with the maiden edition of its rotational dialogue series, “Common Ground with SEGOFS.” The event, which held on Thursday, at the Secretariat, focused on the contentious Tax Reform Bill and its potential implications for the Southeast economy. The…
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Nigeria’s external debt may rise to $45.1bn by the end of 2024 as the Federal Government advances plans to secure additional external funding. The Debt Management Office revealed in its latest report that the country’s external debt stock increased by $780m in the second quarter of 2024, growing from $42.12bn in March to $42.9bn as…
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Nigeria’s representative, Chidimma Adetshina, has finished as the first runner-up at the 73rd Miss Universe Competition held in Mexico. The final moments of the prestigious event, announced early Sunday morning, saw an electrifying face-off between Nigeria and Denmark, as the two women stood poised to claim the crown. The competition, described as one of the…
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One of the wildest spectacles in recent sports history came to an end Friday night. Jake Paul beat Mike Tyson by unanimous decision in a fight livestreamed by Netflix and held in front of more than 70,000 spectators at AT&T Stadium. The heavyweight boxing matchup followed a sometimes zany build-up to an unlikely bout: the…