Tag: STATES

  • STATES HIT 68% INCREASE IN FOREIGN DEBT PAYMENTS

    STATES HIT 68% INCREASE IN FOREIGN DEBT PAYMENTS

    Report says Nigerian states spent approximately N235.58 billion on external debt servicing in the first half of 2025, marking a 68.4% increase approximately(N95.65 billion) from N139.92 billion in the same period of 2024. This surge underscores the growing pressure of dollar-denominated debt repayments amid the naira’s depreciation. While External debt payments are managed through an…

  • STATES ON ALERT AS DEATH TOLL FROM ADAMAWA FLOOD RISES

    STATES ON ALERT AS DEATH TOLL FROM ADAMAWA FLOOD RISES

    Following the severe flooding in Adamawa State, which caused homes to collapse, with at least eight confirmed deaths and many missing, other Nigerian states have been mandated to take proactive measures to prevent similar disasters. The floods, triggered by heavy rains starting around 1 a.m., affected communities like Shagari and Sabon Pegi, washing away over…