Nigeria’s borrowing exposure to the International Development Association (IDA), a member of the World Bank, has risen to $18.5 billion amid worries over the federal government's borrowing spree. The IDA revealed this in its recent unaudited financial statements for the third quarter of 2025. IDA, a development finance institution, offers concessional loans and grants to …
The equities market extended its losses for the fourth straight week, as the All-Share Index (ASI) fell below 145,000 basis points amid persistent selloff pressure on the trading floor of the Nigerian Exchange Limited (NGX). In the week ended November 21, the ASI declined by 2.24 per cent to close at 143,722.62 bps, while the …
The Nigerian naira closed the week on a negative note as it further depreciated at the official foreign exchange market on Friday, November 21. The Central Bank of Nigeria (CBN) foreign exchange data indicated that the naira exchanged for N1,456.72 per dollar at the Nigerian Foreign Exchange Market (NFEM) on Friday. This reflects a N4.59 …
The Forum of South-East Academic Doctors (FOSAD) has condemned the recent Federal High Court judgment sentencing leader of the Indigenous People of Biafra, Mazi Nnamdi Kanu, to life imprisonment. The group in a statement signed by its president, Dr. Stephen Nwala and Secretary General, Dr Uzor Ngoladi, called for "immediate and unconditional release" of Kanu. …
Nobel Laureate Prof. Wole Soyinka has condemned U.S. President Donald Trump's threat of possible military action in Nigeria, describing the remark as reckless and dismissive of the country’s complex security challenges. Speaking in Makurdi on Friday after a meeting with Benue State Governor Hyacinth Alia, Soyinka said leaders must show respect when commenting on situations …
The Nigeria Labour Congress (NLC) says its organs will meet today, November 22, to determine the next line of action as its one-month ultimatum to the Federal Government over the unresolved crisis in universities, polytechnics, and colleges of education expires. NLC’s acting Secretary-General, Benson Upah, confirmed the development in a brief chat with Newsmen, stressing …
Deputy Speaker of the House of Representatives, Benjamin Kalu, has said that prospects remain for the release of the leader of the Indigenous People of Biafra (IPOB), Nnamdi Kanu, despite Thursday’s life imprisonment sentence handed down by a Federal High Court in Abuja. Kalu said efforts toward securing Kanu’s freedom through a political solution were …
The Christian Association of Nigeria (CAN) in Niger State and the Catholic Diocese of Kontagora have condemned the early-morning abduction of pupils, students, teachers, and a security guard from St. Mary’s Catholic Primary and Secondary Schools in Papiri, Agwara Local Government Area. The attackers reportedly stormed the school between 1:00 a.m. and 3:00 a.m., seriously …
A fire briefly swept through pavilions at the COP30 U.N. climate talks in Belem, Brazil, on the penultimate day of the conference, prompting an evacuation and leaving 13 people treated for smoke inhalation. Organisers said the blaze was controlled within six minutes, but the entire venue remained closed for about seven hours as safety inspections …
UNICEF has revealed that more than 400 million children globally live in poverty, lacking at least two essential needs such as nutrition, sanitation, or healthcare. The warning comes as global funding cuts, conflicts, and climate crises threaten children’s access to critical services. The findings are detailed in UNICEF’s flagship report, The State of the World’s …
