Developing countries’ external debt has surged 5.5% to a record $9.4 trillion in 2025, the fastest pace since 2021, according to the World Bank Group’s International Debt Report 2026.The report noted that although access to international finance has improved, the price of finance has not, with debt burdens in the poorest nations threatening essential investments in people.External debt grew 8.1% to $1.3 trillion in the most vulnerable countries eligible for concessional financing from the World Bank’s International Development Association, IDA.World Bank Group Chief Statistician, Haishan Fu, observed that countries are borrowing more, paying more, and in many cases leaving less…
Author: StudNG
The president of the association, Prof. Afekhide Ernest Omoti, who stated this in a statement made available to journalists in Benin City on Thursday, November 5, 2026, described the proposed sanctions as unjust.Omoti, however, called on the National Assembly to hold governments accountable for failing to provide the resources, infrastructure and enabling environment required for effective emergency medical services.He urged lawmakers to address the systemic challenges confronting the country’s healthcare sector rather than introduce punitive measures against health professionals.He noted that the National Health Act, NHA, had already provided a legal framework for protecting patients requiring emergency medical treatment, stressing…
Head coach Lionel Scaloni has decided that no player will wear the number during the team’s November friendly matches.The former world champions are scheduled to face Uruguay during the international window.Although friendly match regulations do not strictly require squad numbers to run from 1 to 11, the decision to leave the No. 10 shirt vacant reflects the respect held for the former captain.
The African Democratic Congress, ADC, in Delta State has insisted that its presidential candidate remains unchanged, just as Chief Great Ogboru remains the party’s governorship candidate in the state for the 2027 elections.The party’s Publicity Secretary, Fred Akpevwe, claimed that an earlier Supreme Court judgement affirming David Mark’s position takes precedence over the latest ruling, describing the suit filed by Nafiu Bala Gombe as “forum shopping”.According to him, the latest Federal High Court judgement nullifying the David Mark-led national leadership has no effect on the party’s structure.The Federal High Court in Abuja on Thursday nullified the David Mark-led national leadership…
Factional National Chairman of the African Democratic Congress, ADC, Bala Gombe, has reacted to the court judgement that sacked David Mark’s faction of the party and nullified Atiku Abubakar’s candidacy for the 2027 presidential election.Gombe commended the Federal High Court and the trial judge for what he described as the independent, impartial and intellectually rigorous manner in which the matter was handled and determined.He said his commendation, as a citizen and stakeholder in the nation’s democracy, was that of someone who recognised that when a court speaks with clarity, courage and fidelity to the law, the public must also respond…
Cristiano Ronaldo brought his international career to a close on Thursday, ending more than two decades representing Portugal.From his 2003 debut to a record 146 goals in 234 appearances, here are five performances that stand out in the Seleção shirt.2018: A one-man show against SpainRonaldo arrived at the 2018 World Cup opener fresh from three consecutive Champions League triumphs with Real Madrid, and he took charge against Spain in Sochi. RecommendedHe gave Portugal the lead from the penalty spot, then completed a hat-trick—capped by a brilliant late free kick—to earn a dramatic draw.2025: Still delivering at 40Just three months after…
A chieftain of the African Democratic Congress, ADC, Dino Melaye, on Thursday said President Bola Tinubu and the All Progressives Congress, APC, have entered panic mode.Melaye made the remark while condemning the attack on ADC’s convoy.Speaking during the ADC’s campaign in Kebbi State, Melaye alleged that the convoy was shot at, but no casualty was recorded.Melaye also asserted that Nigerians have decided to vote for the ADC in 2027.According to Melaye: “We will not allow ourselves to be intimidated, we are going to win this election by the grace of the almighty God.”On our way from the airport, those of…
The Nigeria Premier Football League, NPFL, has announced a new kick-off time for the matchday 12 fixture between Kun Khalifat FC and Kano Pillars.The match was initially scheduled to kick off at 6pm.It will now kick off at 4pm on Friday, the league body announced.No reason was given for the change in kick-off time.The encounter will take place at the Dan Anyiam Stadium in Owerri.Kun Khalifat will be hoping to get back to winning ways following the narrow defeat to Enyimba last week.On the other hand, Kano Pillars will be pushing to end their three-game winless run in the league.
A video of Segun Showunmi, former aide to Atiku Abubakar, dancing in celebration after the court nullified the African Democratic Congress, ADC, flagbearer’s candidacy has gone viral on social media.In the video, Showunmi is seen dancing and laughing moments after news broke that the Federal High Court in Abuja had sacked the ADC leadership and voided Atiku’s presidential ticket for 2027.”I forewarned. I told them this would happen. They did not listen,” Showunmi said in the video.Showunmi has been one of the loudest critics of Atiku’s move to the ADC. He had repeatedly warned that the coalition that took over…
A financial expert, Busari Akande, has warned that the naira’s depreciation could increase loan defaults, weaken business operations and restrict access to credit in Nigeria.Akande, a Fellow of the Institute of Credit Administration, FICA, said the naira’s continual decline at the Nigerian Autonomous Foreign Exchange Market, NAFEM, at the beginning of November could have wider implications for businesses and the banking sector.He said although the 0.12 per cent daily depreciation might appear insignificant, its effects could compound existing financial pressures on businesses already struggling with high borrowing costs and rising operational expenses.In an analysis titled “Unmasking the Naira’s November Shuffle:…