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Nigeria Spends $2.01bn on External Debt Repayment in Four Months

Nigeria increased its external debt repayment by 49 per cent year-on-year, according to recent international payment data from the Central Bank of Nigeria (CBN). Between January and April 2025, the Federal Government spent $2.01 billion servicing foreign debt, up from $1.33 billion during the same period in 2024. Debt servicing accounted for 77.1 per cent […]

Lagos’ Crime Triangle: Why Ikeja, Lekki, and Lagos Island Lead the Pack

Ikeja, Lagos Island, and Lekki have been identified as the top three crime hotspots in Lagos State, according to the Lagos State Criminal Information System (LCIS). This was disclosed by the Attorney-General and Commissioner for Justice, Lawal Pedro (SAN), during a ministerial briefing in Alausa, Ikeja, marking the second anniversary of Governor Babajide Sanwo-Olu’s second […]

Manufacturers Slam 27.5% MPR, Warn of Sector Collapse Without Credit Relief

The Manufacturers Association of Nigeria (MAN), Lagos Chamber of Commerce and Industry (LCCI), and Nigeria Employers’ Consultative Association (NECA) have expressed grave concern over the Central Bank of Nigeria’s decision to maintain the Monetary Policy Rate (MPR) at 27.5%, a level they describe as unsustainably high for productive sectors. Following Tuesday’s Monetary Policy Committee (MPC) […]

A Parallel Power Play? DSS Moves Against Utomi’s ‘Shadow Cabinet’ Plan

Justice James Omotosho of the Federal High Court, Abuja, has ordered the service of court documents on Professor Pat Utomi, the 2007 presidential candidate of the African Democratic Congress (ADC), in connection with a suit concerning his alleged attempt to establish a shadow government in Nigeria. The Department of State Services (DSS), which initiated the […]

‘No Legs to Stand On’: VDM’s Court Challenge Crumbles as Falana Suit Advances

The Lagos High Court sitting in Ikeja has dismissed preliminary objections filed by social media influencer Martins Vincent Otse, popularly known as VeryDarkMan (VDM), in response to a ₦1 billion defamation suit brought against him by human rights lawyer Femi Falana (SAN) and his son, musician Folarin Falana, popularly known as Falz. Justice Fimisola Azeez […]

FG to Sell 753 Housing Units Recovered from Emefiele

The Federal Government has taken possession of a 753-unit housing estate formerly owned by embattled former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, and plans to sell the property to members of the public. In a statement issued on Tuesday, the Ministry of Housing and Urban Development confirmed that the estate was handed over […]

Outrage in Ibadan as Police Bullet Kills 14-Year-Old Pupil

There was widespread outrage in the Alakia–Gbagi area of Ibadan, Oyo State, on Tuesday after a 14-year-old pupil, Kehinde Alade, was killed by a stray bullet allegedly fired by a police officer during a joint traffic enforcement operation. The incident occurred around 7:45 a.m. near the Airport Roundabout along Alakia-Adelubi/Airport Road in Egbeda Local Government […]

CBN Holds Interest Rate at 27.5% Amid Signs of Inflation Slowdown

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria has retained the Monetary Policy Rate (MPR) at 27.5 per cent, keeping all other key policy parameters unchanged. The decision was announced by CBN Governor Olayemi Cardoso following the committee’s meeting held on 19 and 20 May. The MPC also maintained the asymmetric corridor […]

Falana: Compulsory Voting Bill Violates Constitution, Must Be Withdrawn

Prominent human rights lawyer and Senior Advocate of Nigeria, Femi Falana, has condemned the proposed bill to make voting mandatory in Nigeria, declaring it unconstitutional and unfeasible under existing legal frameworks. The bill—sponsored by Speaker of the House of Representatives Tajudeen Abbas and Labour Party MP Daniel Asama Ago—seeks to amend the Electoral Act to […]

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