News
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The Punch
Simon Ekpa, a Finnish-Nigerian separatist leader, has been arrested, marking a critical step in the global effort to combat terrorism. The arrest is seen as a significant development in the fight against globally organized separatism.
The Punch
Nigeria's total debt is projected to reach a record N136 trillion as President Buhari seeks additional funding, raising concerns about the country's financial sustainability. The rapid growth of Nigeria's debt has sparked worry among experts and investors.
The Punch
Nigeria's economy is experiencing intense pressure due to high inflation, mounting debts, and a weak currency, with the government's actions on fuel prices exacerbating the situation. The country's economic growth is seen as a significant challenge to address these pressing issues.
The Punch
Three Nigerian banks plan to raise over N500 billion through a combined rights issue to meet the central bank's new capital base requirement. This marks the second round of recapitalisation efforts by local lenders in response to regulatory demands.