Nigeria’s total public debt hit N46.25trn in December 2022

Nigeria’s debt stock

Nigeria’s total public debt stock, consisting of the domestic and external debt stocks of the Federal Government, 36 state governments and the Federal Capital Territory was N46.25 trillion (USD103.11 billion) at the end of December 2022. This is a 14.46 percent increase compared to N39.56 trillion (USD95.77 billion) recorded on December 31, 2021. According to … Read more

Warming-fueled supercells will hit the southern U.S. more often, a study warns

This May 21, 2020, photo provided by Victor Gensini shows a tornado in Moscow, Kan. A new study says warming will fuel more supercells or tornados in the United States and that those storms will move eastward from their current range. Victor Gensini/AP hide caption toggle caption Victor Gensini/AP This May 21, 2020, photo provided … Read more

Court backlogs for rape cases hit record high with ‘devastating’ waits for justice

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Court backlogs for rape and sexual offences have hit a record high, with the most desperate victims driven to suicide by “devastating” waits for justice. The logjam of cases in the crown courts … Read more

Residents of town hit by tornado reveal how TV weatherman r saved them

Sign up to our Evening Headlines email for your daily guide to the latest news Sign up to our free US Evening Headlines email Leah Ann Hubbard and her neighbors are well accustomed to “tornadic weather” in Amory, Mississippi – and they all watch local TV meteorologist, Matt Laubhan, to see just what they should … Read more

Churches hit by cash scarcity


Since December 2022, Nigerians have been grappling with the challenges of Naira scarcity and its direct impact on the economy. Church activities and various sectors of the economy have been significantly disrupted by the scarcity with no hope in sight, even after the Supreme Court’s intervention on the matter. The withdrawal of the old banknotes … Read more

Mortgage misery as interest rates hit a 14-year high

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Millions of homeowners face more pain after the Bank of England raised interest rates to a 14-year high. The 11th consecutive increase comes as the bank struggles to bring stubbornly-high inflation under control. … Read more

May & Baker’s foreign exchange gains hit N458m, highest in a decade

May & Baker

May & Baker Nigeria reported a foreign exchange gain of N458.9 million in 2022, the highest in a decade despite foreign exchange scarcity during the period which boost its other operating income. The firm’s N458.9 million foreign exchange gain accounted for 27 percent of the total other operating income earned in 2022, which was a … Read more

‘Cost of detaining and accommodating migrants could hit £9bn in three years’

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails The cost of detaining and accommodating people under the Government’s controversial plans to tackle Channel crossings could amount to more than £9 billion in the first three years, … Read more

Group of friends rescued after their boat was hit by a massive whale in Pacific

Sign up to our Evening Headlines email for your daily guide to the latest news Sign up to our free US Evening Headlines email A group of friends had to be rescued after their 44ft sailing boat sunk in the Pacific after being struck by a giant whale. Rick Rodriguez and three friends spent 10 … Read more

Massachusetts hired undercover FBI agent to take out hit on wife

Sign up to our free US news bulletin sent straight to your inbox each weekday morning Sign up to our free morning US email news bulletin A Massachusetts man attempted to hire an undercover FBI agent posing as a hitman to kill his wife. Massimo Marenghi, 56, pleaded guilty to one count of murder-for-hire on … Read more