Nigeria’s rising debt dependence

IN just 20 months, Nigeria has secured N13.21 trillion ($8.6 billion) in loans from the World Bank alone, with an additional $2.2 billion in borrowing expected in 2025. While access to concessional loans can be a critical financial lever for development, the growing reliance on borrowings amid a rising debt profile—now at N144.67 trillion—raises concerns
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IN just 20 months, Nigeria has secured N13.21 trillion ($8.6 billion) in loans from the World Bank alone, with an additional $2.2 billion in borrowing expected in 2025. While access to concessional loans can be a critical financial lever for development, the growing reliance on borrowings amid a rising debt profile—now at N144.67 trillion—raises concerns

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Farmer loses wife in Lagos boat accident

A farmer identified simply as Jesuyon has lost his wife, Abosede, who drowned when the canoe conveying them to a destination capsized in the Erekiti River in Lagos State. According to a journalist, Deji Rambo, the farmer and his 25-year-old wife left their home on Sunday, March 30, 2025, to do some work on their
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A farmer identified simply as Jesuyon has lost his wife, Abosede, who drowned when the canoe conveying them to a destination capsized in the Erekiti River in Lagos State. According to a journalist, Deji Rambo, the farmer and his 25-year-old wife left their home on Sunday, March 30, 2025, to do some work on their

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WHD 2025: Nigeria must plan for better health

AS the world marks the 2025 World Health Day, themed ‘Healthy beginnings, hopeful futures’, Nigeria must make a strong commitment to addressing the challenges facing its health sector to give citizens a real chance at a healthier future. World Health Day was first observed in 1950 and is celebrated annually to commemorate the founding of
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AS the world marks the 2025 World Health Day, themed ‘Healthy beginnings, hopeful futures’, Nigeria must make a strong commitment to addressing the challenges facing its health sector to give citizens a real chance at a healthier future. World Health Day was first observed in 1950 and is celebrated annually to commemorate the founding of

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Tax Reform Bills: Freeing Nigeria from economic cesspit

I have been following, you have been following, and Nigerians at large have been following. We have moved past conversations and consultations. And now, here we are at the passage of the Tax Reform Bills by the House of Representatives, marking a change in Nigeria’s tax system. What comes to mind when you hear the
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I have been following, you have been following, and Nigerians at large have been following. We have moved past conversations and consultations. And now, here we are at the passage of the Tax Reform Bills by the House of Representatives, marking a change in Nigeria’s tax system. What comes to mind when you hear the

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Trump tariffs: Where is Africa in this matter?

International trade is advantageous for many socio-economic and political reasons, including revenue generation and friendliness. The more emphasis a country places on income generation, the less attachment it has to friendliness. Free trade, for example, should promote political and economic friendship between and among nations, and it does. That is what capitalism promotes, and that
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International trade is advantageous for many socio-economic and political reasons, including revenue generation and friendliness. The more emphasis a country places on income generation, the less attachment it has to friendliness. Free trade, for example, should promote political and economic friendship between and among nations, and it does. That is what capitalism promotes, and that

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Uromi: Cause, effect and misdirected outrage

I will not watch the videos of the reported genocide that took place in Uromi, in which travellers were lynched on suspicion of being terrorists and kidnappers. The reports emanating from the media are gruesome enough. The incident dehumanises us all as Nigerians and is yet another commentary on our country’s rapid descent into barbarism.
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I will not watch the videos of the reported genocide that took place in Uromi, in which travellers were lynched on suspicion of being terrorists and kidnappers. The reports emanating from the media are gruesome enough. The incident dehumanises us all as Nigerians and is yet another commentary on our country’s rapid descent into barbarism.

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How oil cartels’ grip on Dangote refinery fuels price hikes

After a few months of solace, Nigerians could be facing another hardship as fuel prices surged due to the Federal Government’s reluctance to sell crude oil to the Dangote refinery in naira, largely influenced by the brazen activities of oil mafias, writes DARE OLAWIN It appears the fear of the President of the Dangote Group,
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After a few months of solace, Nigerians could be facing another hardship as fuel prices surged due to the Federal Government’s reluctance to sell crude oil to the Dangote refinery in naira, largely influenced by the brazen activities of oil mafias, writes DARE OLAWIN It appears the fear of the President of the Dangote Group,

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What Harvard scholars discovered in West Africa

When we resumed at Harvard Kennedy School last year, Africa became a topic of interest among many of our fellow students. As discussions unfolded during our classes and informal gatherings, it became increasingly clear that a disconnect existed between media portrayals of the continent and the complex realities on the ground. Many of us felt
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When we resumed at Harvard Kennedy School last year, Africa became a topic of interest among many of our fellow students. As discussions unfolded during our classes and informal gatherings, it became increasingly clear that a disconnect existed between media portrayals of the continent and the complex realities on the ground. Many of us felt

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Vigilante kills 30 bandits in Zamfara

At least 30 armed bandits have been killed in an ambush carried out by local vigilante members in the Dansadau district of Maru Local Government Area, Zamfara State. The operation, which occurred around 2:00 p.m. on Thursday, April 4, was confirmed by intelligence sources quoted by counter-terrorism expert Zagazola Makama. The bandits were reportedly on
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At least 30 armed bandits have been killed in an ambush carried out by local vigilante members in the Dansadau district of Maru Local Government Area, Zamfara State. The operation, which occurred around 2:00 p.m. on Thursday, April 4, was confirmed by intelligence sources quoted by counter-terrorism expert Zagazola Makama. The bandits were reportedly on

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Ribadu visits Jigawa gov, offers condolences for family losses

The National Security Adviser, Malam Nuhu Ribadu, paid a condolence visit to Jigawa State Governor, Umar Namadi, at the State Government House. The purpose of the visit was to offer his sympathies to the governor following the recent passing of his mother, Hajiya Maryam Namadi, and his son, Abdulwahab Namadi. During the visit, held on
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The National Security Adviser, Malam Nuhu Ribadu, paid a condolence visit to Jigawa State Governor, Umar Namadi, at the State Government House. The purpose of the visit was to offer his sympathies to the governor following the recent passing of his mother, Hajiya Maryam Namadi, and his son, Abdulwahab Namadi. During the visit, held on

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Business & Economy

We’re Making Vehicle Ownership Easier for Nigerians, Says Carloha
Budget reports delayed by project checks, fiscal transition – Budget office
Nigerian Government introduces new medium-term strategy towards achieving $1 trillion economy
TCN speaks on explosion claim at Onitsha sub-region
NNPC requires $60 billion investment to boost oil, gas, refining capacity – Ojulari