Latest News
Nigeria’s Public Debt Soars By 48.5% To N144.67 Trillion In 2024
Nigeria’s total public debt surged by 48.5% year-on-year, reaching N144.67 trillion ($94.23 billion) in 2024, up from N97.34 trillion ($108.23 billion) recorded in 2023, according to the latest report from the Debt Management Office (DMO).....KINDLY READ THE FULL STORY HERE▶
The debt profile is made up of external debt amounting to N70.29 trillion ($45.78 billion) and domestic debt of N74.38 trillion ($48.44 billion). Servicing of the external debt cost the country $4.66 million.
The report reveals that Nigeria’s external debt increased sharply by 83.89% year-on-year, rising from N38.22 trillion ($42.5 billion) in 2023. Meanwhile, domestic debt grew by 25.7% from N59.12 trillion ($65.73 billion) during the same period.
Additionally, the Federal Government’s share of domestic debt rose by 32%, hitting N70.41 trillion in 2024 from N53.26 trillion in 2023. However, domestic debt owed by states and the Federal Capital Territory (FCT) declined by 32%, dropping to N3.97 trillion from N5.86 trillion in 2023.
The significant rise in public debt, particularly external obligations, is largely attributed to exchange rate fluctuations and shifts in global economic conditions. The continuous depreciation of the naira poses a growing risk, potentially increasing the cost of foreign debt servicing and exerting additional pressure on the nation’s financial stability.
Latest News
“THE REBELLION IS ON: Man City Declares Total War On Premier League Chiefs Over Landmark Decision!”
The Appeal: Manchester City has officially filed a comprehensive appeal challenging the findings of the Premier League Commission following its recent disciplinary decision.....KINDLY READ THE FULL STORY HERE▶
-
Filing Timeline and Claims: The club confirmed submitting the appeal at 7:00 PM on Thursday, October 1, 2026, describing the commission’s opinion as unsafe and containing clear material errors of law, principle, and fact while maintaining its complete innocence.
-
The Verdict Details: The independent commission previously found City guilty of financial breaches between the 2009-10 and 2017-18 seasons—including arranging sham contracts to disguise over 830 million pounds in secret funding—as well as failing to fully cooperate with the investigation.
-
Club and Leadership Response: City expressed surprise and disappointment at the verdict, insisting that comprehensive evidence supports their defense, though public comments remain limited due to ongoing proceedings. Chairman Khaldoon Al Mubarak and CEO Ferran Soriano expressed confidence in proving the club’s innocence.
-
Pep Guardiola’s Support: Former manager Pep Guardiola reaffirmed his unwavering backing for the club, ownership, staff, and supporters in a social media statement, declaring that they will get through the challenge together.
Latest News
3. “Donald Duke is Better Than All Of Them”: Baba-Ahmed Explains Why PRP Is Shaking Up The 2027 Race!
The National Chairman of the People’s Redemption Party (PRP), Dr. Hakeem Baba-Ahmed, has asserted that the party is exceptionally fortunate to feature former Cross River State Governor, Donald Duke, as its presidential candidate for the upcoming 2027 general elections.....KINDLY READ THE FULL STORY HERE▶
A Strong Endorsement for Donald Duke
-
Surpassing Competitors: Speaking during an interview, Baba-Ahmed confidently stated that, candidate for candidate, Donald Duke outperforms all other presidential contenders currently in the political space.
-
Integrity and Capability: He described Duke as part of a visionary leadership blueprint aimed at thinking critically, restoring national dignity, exhibiting true integrity, and offering young Nigerians a leadership style they can genuinely look up to.
The Strategic Push for an Opposition Coalition
Despite possessing what he considers the superior candidate, Baba-Ahmed explained why the party is actively championing a broader political alliance:
-
Consensus Over Ego: The PRP chairman emphasized that the party’s push for a mega-coalition is driven by consensus and constitutional processes rather than forcing Duke’s candidacy through on profile strength alone.
-
Defeating Fault Lines: Framing the 2027 election as a critical turning point for the nation, Baba-Ahmed noted that the stakes go far beyond individual party ambitions. The coalition aims to unite likeminded opposition forces to rescue Nigeria from its current trajectory and bridge its deep fault lines.
Norway national team manager Ståle Solbakken has firmly denied allegations that Manchester City pressured him to shield star striker Erling Haaland from questions concerning the club’s financial breach case during international duty.....KINDLY READ THE FULL STORY HERE▶
Media reports had previously claimed that club officials intervened behind the scenes to restrict Haaland’s media exposure. However, speaking to TribalFootball, Solbakken rejected these accusations entirely, emphasizing that Manchester City had no influence over his handling of media duties. He noted that the last time he ever discussed media matters with the club was during Haaland’s transition from Borussia Dortmund to Manchester City.
Key Highlights from Solbakken’s Statement
-
Solbakken labeled the rumors a “lie,” stating that such claims compromise his personal integrity and his commitment to honesty with the national team.
-
The manager clarified that the choice to exempt Haaland from specific media obligations was entirely his own decision, made without informing or consulting either Haaland or Manchester City.
-
Expressing frustration over persistent club-level controversies overshadowing international windows, Solbakken urged journalists to focus on Haaland’s athletic performance on the pitch rather than fabricated cover-up stories.
-
latest1 year ago“Social Media Erupts As Jim Iyke Declares Rita Dominic Nollywood’s Most Beautiful”
-
latest3 years agoEdo Political Showdown: Oshiomhole Appears At Presidential Villa As Tinubu Hands APC Gubernatorial Flag To Okpebholo (Photos & Video)
-
entertainment3 years agoLove Knows No Age American Woman Defends Marriage To Young Nigerian Man “I’m Not 70”
-
latest3 years agoOlumide Akpata Strikes Again: Drops Killer Track, Sends Edo State Into Frenzy!(Video)
-
Politics3 years agoNigerians React As Pastor Adeboye Foresees Passing Away On A Sunday After Enjoying A Satisfying Meal Of Pounded Yam
-
latest2 years agoFG Identifies 31 States At Risk Of Heavy Flooding In 2024: See Full List
-
Politics3 years agoBREAKING: Inspector-General Of Police Summons Top Police Commanders For Crucial-Security Challenges
-
latest3 years ago5 NYSC Corpers Perish In Fatal Road Accident Returning From Camp