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Nigeria’s Public Debt Hits New National Record of N159.28 Trillion

Nigeria’s total public debt has climbed to a staggering N159.28 trillion. This new figure marks a major jump from past records, confirming the country’s continued reliance on borrowing. The data covers all financial obligations, including both foreign and domestic loans. This growing number has become a serious concern for economists and everyday citizens. The debt […]

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China Supports African Countries to Check Spillover from Middle East Conflict

  Xi Jinping said China is prepared to work with African nations to cushion the economic fallout from the Middle East conflict, following talks with Daniel Chapo in Beijing on Tuesday, according to state media.   “The spillover effects of the Middle East conflict are impacting African countries, and China is willing to work with […]

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World’s Top Condom Maker, Karex to Jerk Up Prices as Iran War Strains Supply Chain

  Malaysia’s Karex Bhd, the world’s top condom producer, plans to raise prices by 20% to 30% and possibly further if supply chain disruptions drag on due to the Iran war, its chief executive said on Tuesday.   Karex is also seeing a surge in condom demand as rising freight costs and shipping delays have […]

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U.S. Navy Proposes $305 Billion Shipbuilding Plan, Signaling Major Industrial Push

  The U.S. Navy has submitted a $305 billion shipbuilding proposal covering fiscal years 2027 through 2031, marking the second-largest request of its kind since 1955, according to budget documents and supporting analyses released this month.   The fiscal year 2027 budget alone includes $65.8 billion for naval construction, a roughly 50 percent increase over […]

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Uganda Apex Bank Starts Domestic Gold Buying to Diversify Foreign Reserves

  Uganda’s central bank has begun purchasing gold from domestic producers under a long-planned initiative to add bullion to the country’s foreign exchange reserves.   The Bank of Uganda said the first acquisition was completed on Friday, though it did not disclose the quantity or value of gold purchased, in an emailed statement shared with […]

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INEC’s Defiance of Court Orders Could Wreck 2027 Elections, Warns NNPP

The New Nigeria People’s Party (NNPP) has raised serious concerns about the Independent National Electoral Commission (INEC). The party says INEC’s continued refusal to obey court orders is putting the 2027 general elections at great risk. They believe this behaviour could disrupt the entire election process and shake public trust in the system. NNPP described […]