Nigeria’s public debt rose by 48.5 per cent year-on-year (YoY) to N144.67 trillion ($94.23 billion) in 2024 from N97.34 trillion ($108.23 billion) in 2023, according to the latest public debt profile report of the Debt Management Office (DMO). The debt stock consists of external debt of N70.29 trillion ($45.78 billion) serviced with $4.66 million and domestic debt of N74.38 trillion ($48.44 …

The Chief of the Air Staff, CAS, Air Marshal Hasan Abubakar, says the Nigerian Air Force, NAF, has so far logged nearly 20,000 flight hours in the course of its operations in the year 2024. Abubakar disclosed this on Thursday in his goodwill message to the officers and airmen of the NAF on the occasion of the Christmas celebration. The …

The 2023 presidential candidate of the Labour Party, Mr. Peter Obi has said that his party would continue to adjust to a new role as Nigeria’s main opposition party. According to Obi, the Labour Party would remain firmly in opposition and keep the ruling All Progressives Congress (APC) on its toes to protect the interest of Nigerians. In his new …

Learned helplessness. I first heard of this phraseology from Pastor Poju Oyemade of the Covenant Nation many years ago during one of the editions of The Platform, a yearly national ideation talk shop he birthed. It means a condition in which a person has a sense of powerlessness, arising from a traumatic event or persistent failure to succeed. It is …

Lagos State Governor, Mr Babajide Sanwo-Olu has urged Nigerians, particularly Lagos residents to be hopeful and continue to live in peace and harmony throughout the coming years. He charged Lagos residents to remain hopeful of greater prosperity that would be recorded in the country and Lagos in particular as the current administration at the federal and state levels continue to …

A former Vice President, Alhaji Atiku Abubakar has urged the Federal Government to address the economic hardship that Nigerians are going through in 2024. In his 2024 New Year message to the nation on Sunday, Atiku offered “adulation to God and a heart full of gratitude” as Nigerians enter the new year. He, however, acknowledged that 2023 was “definitely a challenging …

The Federal Government has vowed to end insecurity by 2024, adding that it recognised security challenges confronting the nation. In an interview with BBC Hausa Service, the Minister of State for Defence, Dr. Bello Matawalle expressed optimism that actions taken by the Federal Government to prevent insecurity would aid in solving the attacks by gunmen. “If God willing, from now …

The Office of the Vice President on Tuesday said it would commence the disbursement of loans to Micro Small and Medium-sized Enterprises in collaboration with the Bank of Industry in January 2024. “The loans totaling about N75bn will be given to small businesses nationwide at an interest rate of 9 per cent,” a statement signed by the Senior Special Assistant …

The World Bank Country Director for Nigeria, Shubham Chaudhuri, has announced plans to collaborate with the National Identity Management Commission to ensure the successful rollout and registration of digital national IDs for all Nigerians. The ambitious target is to provide at least 148 million people of working age with a digital national ID by the middle of 2024, marking a …

Former United States president Donald Trump said Friday he would not end his run for the White House if convicted and sentenced in any of the criminal investigations threatening to derail his tumultuous comeback bid. The Republican frontrunner was discussing the multiple indictments he faces as he pushes for a second term, a day after prosecutors broadened the charges against …