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Nigeria’s Foreign Debt Servicing Costs Jump 39.7% to $3.57 Billion in 2024

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In the first nine months of 2024, Nigeria spent $3.57 billion on foreign debt servicing—a 39.7% increase from the $2.56 billion spent during the same period in 2023, according to a Central Bank of Nigeria (CBN) report.

The highest monthly payment in 2024 was recorded in May, at $854.36 million, surpassing 2023’s peak of $641.69 million in July.

January saw a 389% increase compared to the previous year, while May’s payments rose by 286.52%. Although slight decreases occurred in June and July, September’s servicing costs were 17.49% higher than in 2023.

Amid rising debt payments, Nigeria’s total public debt reached N134 trillion in Q2 2024, up 10% from Q1.


 

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FAAN Reassures Nigerians Amid Ebola Concerns

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It has been reported that the Ebola virus is rising again and there have been some cases. This has caused fear in many, with talks of different viruses spreading.

Amid this concern, the Federal Airports Authority of Nigeria (FAAN) reassured the people that no trace of Ebola has been confirmed in the country, despite the outbreak in Africa.

FAAN shared that they have been on the lookout for travellers who may have symptoms, and so far there is none.


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JAMB Releases Withheld Results of 279 Students

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It has been reported that the Joint Admissions and Matriculation Board, Joint Admissions and Matriculation Board (JAMB), has finally released the withheld results of 279 students.

It can be recalled that some results were held due to investigations of cheating. Some results proved to have traces of malpractice and were cancelled, but the ones without traces have been released and the students can finally move on.

JAMB also shared additional advice for students that might have not seen theirs: “Candidates whose results have not yet been released are advised to check their status by sending UTMERESULT to 55019 or 66019 using the same phone number used for registration to view their released results.”


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Goodluck Jonathan Reportedly Linked to 2027 Presidential Race

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It was reported that former Nigerian president Goodluck Jonathan has allegedly purchased a presidential candidate form for the 2027 elections.

It can be noted that Jonathan served as Nigeria’s president from 2010 to 2015.

This information was revealed by Sani Useni, a special assistant who made the claim. Many reacted to the news, with some expressing interest in seeing Jonathan return to power after staying relatively quiet politically since his administration ended.

However, Jonathan has not yet addressed the public or officially shared any presidential ambition.


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