Tag: Nigeria
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Nigeria Spent ₦7.7trn on Debt Interest Against ₦6.2trn Revenue in Six Months – World Bank
By George Omagbemi Nigeria’s Federal Government spent more on servicing interest on its public debt than it generated in revenue during the first half of 2026, highlighting the pressure debt obligations continue to place on the country’s public finances. Figures from the World Bank’s October 2026 Nigeria Development Update, titled Beyond the Federal Purse: How…
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Nigeria’s Headline Inflation Drops to 14.63% in September 2026 – NBS Data
By George Omagbemi Nigeria’s headline inflation rate declined to 14.63 per cent in September 2026, down from 15.39 per cent in August, according to the National Bureau of Statistics (NBS), indicating a further moderation in annual price increases. The figures, contained in the NBS Consumer Price Index report, represent a decrease of 0.76 percentage points…
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2027 Elections: Nigerians Will Be Proud of Police, IGP Disu Assures
By Ameh Sunday Enyo-ojo Inspector-General of Police Olatunji Disu has assured Nigerians that police officers will demonstrate professionalism before, during and after the 2027 general elections. Disu said the Nigeria Police Force had reviewed its performance in previous elections and would apply the lessons learnt to improve its conduct during the forthcoming polls. He gave…
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BREAKING: Nigeria Elected to United Nations Human Rights Council
NEW YORK — Nigeria has officially been elected to the United Nations Human Rights Council (UNHRC). The election took place by secret ballot at the UN General Assembly in New York. Starnews Nigeria reports that election took place today, Tuesday, 13 October 2026. Nigeria secured its seat after winning 172 votes from the UN member…
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17.9m Nigerians Fall Into Poverty As Country Records World’s Biggest Increase – Report
By Opeyemi Adelakun Nigeria recorded the world’s largest increase in the number of people living in multidimensional poverty, with 17.9 million more citizens affected between 2021 and 2024, according to the 2026 Global Multidimensional Poverty Index. The report, published on Monday by the United Nations Development Programme (UNDP) and the Oxford Poverty and Human Development…
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US Report Raises Fresh Concerns Over Human Trafficking In Nigeria
By Opeyemi Adelakun The United States has identified persistent human trafficking challenges in Nigeria, highlighting alleged official complicity, weak victim protection and the continued use of children by terrorist groups. The concerns were outlined in the US Department of State’s 2026 Trafficking in Persons (TIP) Report, which assessed developments between April 1, 2025, and March…
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Nigeria’s Net Foreign Reserves Hit Record $46bn
By Opeyemi Adelakun Nigeria’s net foreign reserves have climbed to a record $46 billion, while gross foreign reserves have reached $55 billion, according to Central Bank of Nigeria (CBN) Governor Olayemi Cardoso. Cardoso disclosed the figures at the Nigeria-Asia Connectivity Dialogue on Thursday, attributing improved investor confidence partly to stability in the foreign exchange market.…
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Macron to Visit Nigeria for State Visit in October
By George Omagbemi French President Emmanuel Macron is expected to visit Nigeria for a state visit on October 28 and 29, 2026, in what will be a major diplomatic engagement between Abuja and Paris. According to TheCable, citing presidency sources, Macron’s visit is scheduled for the two-day period, subject to any last-minute changes. French presidency…
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Nigeria Climbs To Eighth In Africa Investment Risk Ranking
By Opeyemi Adelakun Nigeria has climbed four places to eighth position in the latest Bloomberg Economics Investment Risk-O-Meter ranking of Africa’s most investable economies. The improvement puts Nigeria ahead of Rwanda, Tanzania, Kenya and Namibia in the 2026 ranking, which assesses the relative investment attractiveness of 19 African economies. According to Bloomberg, Nigeria’s rise was…
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Nigeria Pays $22.5m Charges On $1.5bn UAE Loan Facility In Three Months
By Opeyemi Adelakun The Federal Government incurred $22.5m in additional charges on its $1.5bn financing arrangement with First Abu Dhabi Bank (FAB) in the second quarter of 2026, according to the latest external debt service figures released by the Debt Management Office. The payment, made between April and June, was recorded entirely under “other charges”,…
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Independence Day: Peter Obi Says ‘A New Nigeria Is Possible’
By George Omagbemi Presidential candidate of the Nigeria Democratic Congress (NDC), Peter Obi, has called on Nigerians to remain hopeful, responsible and determined, declaring that a new Nigeria is possible. Obi made the remarks in his Independence Day address on Thursday as Nigeria marked its 66th anniversary, while also expressing concern over poverty, insecurity, unemployment,…
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Nigeria Since 1960 — The Leaders, The Good, The Bad, The Ugly And The Promises We Lost
By George Omagbemi On October 1, 1960, Nigeria stepped onto the world stage as an independent nation. The Union Jack came down. The green-white-green flag went up. There was optimism. Nigeria had enormous agricultural resources, a growing educated class, a strategic position in Africa and a population that many believed could propel the new country…