Nigeria’s total debt has now hit N136 trillion as Senate approves President Tinubu’s fresh $2.2bn loan request. The approval of $2.2 billion fresh loan by Senate on Thursday was based on request by President Bola Ahmed Tinubu. The Senate decision was sequel to the consideration and adoption of a report of the committee on local and foreign debts, chaired by Senator Aliyu Wamakko (Sokoto North). While presenting the report of the committee, Wamakko recommended the...

Simon Ekpa, the factional leader of the proscribed Indigenous People of Biafra, IPOB, has been sentenced to prison by the district court of Päijät-Häme in Finland for “spreading terrorist propaganda on social media.” The Finnish National Bureau of Investigation, NBI, arrested him alongside four others for alleged terrorist offences, according to reports by the BBC. Ekpa, a Nigerian–Finnish citizen, is accused of using his leadership position within IPOB, a separatist group seeking an independent state...

Dan Ulasi, former Anambra State chairman of the Peoples Democratic Party (PDP) has said that President Bola Tinubu has created problems he cannot solve by the inauguration day pronouncement. The PDP chieftain stated that Tinubu created the problem when he removed the fuel subsidy on his inauguration day without adequate preparation. Ulasi who disclosed this on Arise TV on Wednesday stressed that the President went further to float the Naira in spite of the challenges...

President Bola Tinubu has written to the National Assembly seeking approval for a new external borrowing plan of N1.767 trillion to partly finance the N9.7 trillion deficit in the 2024 budget. The President’s request, conveyed in letters to Senate President Godswill Akpabio and Speaker of the House of Representatives Tajudeen Abbas, was read during plenary sessions on Tuesday. The loan proposal, already approved by the Federal Executive Council, aligns with Sections 21(1) and 27(1) of...