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Breaking: IMF Cautions African Nations, Including Nigeria, On Economic Ties With China
Breaking: IMF Cautions African Nations, Including Nigeria, On Economic Ties With China....KINDLY READ THE FULL STORY HERE▶

The International Monetary Fund (IMF) has issued a cautionary statement to Nigeria and other Sub-Saharan African countries regarding the potential risks associated with their growing economic connections with China. This warning comes amidst reports of Nigeria’s increasing debt to China, which reached $4.73 billion as of June 30, 2023, reflecting an $800 million increase from the previous year.
The IMF’s latest Regional Economic Outlook on Sub-Saharan Africa, titled “At a Crossroads: Sub-Saharan Africa’s Economic Relations with China,” underscores the extensive economic ties between African nations and China over the past two decades. While China has become a major trading partner, a significant source of credit, and a substantial provider of foreign direct investment in the region, the IMF raises concerns about the implications of China’s economic slowdown on African economies.
The IMF suggests that as China experiences a decrease in economic growth, it could negatively impact Sub-Saharan African countries, including Nigeria, primarily through reduced trade. The IMF also points out that funding for infrastructure projects in African countries may be affected if China scales back its commitments due to its economic challenges.
To mitigate these potential risks, the IMF advises Sub-Saharan African countries to adapt to evolving economic ties by increasing regional trade integration, strengthening policy frameworks, promoting economic diversification, and creating favorable business environments.
However, some economists and financial analysts believe that Nigeria should not be overly concerned about China’s economic slowdown, citing that the country has more pressing internal economic issues to address. They argue that IMF forecasts are not always stable and that Nigeria should prioritize addressing its immediate economic challenges rather than speculative concerns about China’s economic outlook.
entertainment
Send Your Wife Into The Boxing Ring – Venita Blasts Cross Over Proposal To Fight Phyna
Reality television star Venita Akpofure has pushed back against a proposal from her former colleague, Cross Okonkwo, suggesting she step into a celebrity boxing match against Phyna.....KINDLY READ THE FULL STORY HERE▶
Cross had taken to X to propose the matchup, characterizing both women as strong personalities and noting that he would gladly pay to watch them face off in the ring. The suggestion did not sit well with Venita, who questioned the appeal of watching two women physically fight for entertainment and fired back by telling Cross to volunteer his own wife for a boxing match if he had a desire to see a woman get punched.
Following the sharp exchange, Cross clarified that he was merely joking and reminded everyone of their close acquaintance, writing on X that they were not strangers and that he was just playing.
entertainment
PATERNITY BOMBSHELL: Juma Jux Finally Breaks Silence On Explosive Child Claims!.
Tanzanian musician Juma Jux has firmly refuted rumors alleging he fathered a seven-year-old child, dismissing the claims as entirely baseless.....KINDLY READ THE FULL STORY HERE▶
After the speculation spread across digital platforms, Jux addressed the issue via a public statement. He initially opted to stay silent, viewing the rumors as lacking credibility, but ultimately chose to speak out to protect his hard-earned reputation, family, businesses, and public image. The singer noted that this is not the first instance of such claims being directed at him.
Recalling a previous occurrence of the rumor, Jux stated that he reached out directly to the woman involved to get to the bottom of the situation. According to Jux, she admitted they had never met in person and that no romantic ties existed between them, while also urging him to ignore the gossip at the time.
Jux is married to Nigerian media personality Priscilla Ojo, with whom he welcomed a son, Rakeem, in August 2025.
entertainment
THE THRONE AWAITS: Moses Itauma And Filip Hrgović Face Off In High-Stakes Showdown For The Vacant IBF Heavyweight Crown!.
British-Nigerian heavyweight rising star Moses Itauma is set to square off against Filip Hrgović tonight, August 29, at 10:30 pm at London’s O2 Arena for the vacant IBF heavyweight championship.....KINDLY READ THE FULL STORY HERE▶
Heading into the matchup with a flawless 14-0 professional record featuring 12 knockouts, the 21-year-old is coming off a stellar first-round knockout victory over former world title challenger Dillian Whyte. Born in Slovakia to a Nigerian father and a Slovak mother, Itauma relocated to Kent during his childhood and has since enjoyed a swift ascent through the heavyweight division. Should he defeat Hrgović, Itauma will make history as the second-youngest heavyweight world champion ever—trailing only Mike Tyson, who won his first title at age 20—while also securing his status as boxing’s youngest active world champion.
The pre-fight atmosphere has grown hostile, fueled by Hrgović repeatedly labeling Itauma a “kid” and casting doubt on the young contender’s depth of experience.
“I tell myself there’s nothing that this Hrgović guy can do to get in my head, but he’s starting to wind me up,” Itauma confessed, specifically noting that Hrgović’s remarks about him waking up to “hug trees” had deeply irritated him. “In my mind, if somebody’s trying to get one up on you, or trying to get in your head, it’s because they’re not confident in themselves.”
Further adding fuel to the fire, Hrgović omitted Itauma from his personal top-five heavyweight rankings, slotting Oleksandr Usyk at number one, followed by Daniel Dubois, Agit Kabayel, himself, and Tyson Fury.
“Usyk has to be considered the leader; that’s not even up for debate, and behind him are Dubois, Kabayel, me, and Fury. But I should say that I’m capable of beating any of them,” remarked Hrgović, a 2016 Rio Olympics bronze medalist.
With a record of 20 wins, one loss, and 15 knockouts, the 34-year-old Croatian believes his vast experience will tip the scales in his favor.
“I know the boxing world writes me off in this fight, like he’s the new Mike Tyson, a young kid, a young destroyer, but I believe in myself, and this is the biggest fight of my life, and it’s at the right moment,” Hrgović stated. “They hype him a lot. He definitely got talent and big qualities, and he’s a big puncher and quick heavyweight, but definitely it’s much more, in my opinion, than he deserves.”
The stakes for the bout escalated significantly after Oleksandr Usyk relinquished the IBF belt and Frank Sanchez agreed to step aside, paving the way for Itauma to challenge for a world title much sooner than anticipated. Even so, Itauma maintains that the addition of the championship belt hasn’t altered his core drive, keeping his primary focus locked on overcoming Hrgović.
“I want to beat him as much as I did before the belt was on the line. Of course, it will be an honour. I’d love to be a world champion, but it’s about Filip Hrgović himself,” Itauma concluded.
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