Author: Ayobami Ogungbemi

The Central Bank of Nigeria (CBN) has disclosed a significant rise in the Federal Government’s borrowing profile, revealing that total borrowings increased by N17.4 trillion within the review period. The latest figures highlight the government’s growing reliance on domestic financing to bridge fiscal gaps and support critical economic activities. According to the report, the increase reflects the Federal Government’s efforts to fund infrastructure projects, meet recurrent expenditure obligations, and address revenue shortfalls. As economic pressures continue to mount, authorities have increasingly turned to borrowing as a means of sustaining public spending and maintaining essential services. Furthermore, analysts believe the development…

The average retail price of Premium Motor Spirit (PMS), commonly known as petrol, rose sharply to N1,596.25 per litre in May, according to the latest data released by the National Bureau of Statistics (NBS). The report highlights the continued increase in fuel costs across Nigeria, reflecting ongoing market adjustments and broader economic pressures affecting the downstream petroleum sector. Compared to previous months, the latest figure underscores the persistent burden of rising energy costs on households, businesses, and transportation operators nationwide. Industry analysts note that higher petrol prices have contributed to increased transportation fares and operating expenses for small and medium-sized…

FIFA World Cup came to an unfortunate end after suffering a narrow 1-0 defeat against Croatia in a decisive group-stage encounter. Despite putting up a determined performance, the Central American side failed to find an equaliser, allowing Croatia to secure a crucial victory and strengthen their chances of progressing further in the tournament. From the opening whistle, both teams displayed urgency and intensity. However, Croatia gradually took control of possession and created several scoring opportunities. Their persistence eventually paid off when they found the breakthrough goal, placing Panama under immense pressure. Panama responded positively and pushed forward in search of…

8 fans around the world have joined in celebrating the birthday of Argentine superstar Lionel Messi, one of the most accomplished players in the history of the sport. As tributes poured in from teammates, clubs, former players, and supporters, the occasion once again highlighted Messi’s enduring influence on global football. Over the years, Messi has built an extraordinary career marked by numerous individual and team achievements. From his early breakthrough in European football to leading Argentina to major international success, the iconic forward has consistently inspired millions with his talent, dedication, and professionalism. On his birthday, social media platforms were…

The Federal Road Safety Corps (FRSC) has alerted motorists to a temporary traffic diversion along the Lagos-Ibadan Expressway, urging road users to exercise caution and follow designated routes to ensure smooth movement. According to the agency, the diversion became necessary to facilitate ongoing road construction and maintenance activities aimed at improving the safety and durability of the busy highway. The FRSC explained that the temporary adjustment would help contractors carry out critical work while minimizing risks to motorists and road workers. Furthermore, the Corps advised drivers to obey traffic signs, comply with instructions from traffic management officials, and avoid excessive…

France delivered a commanding performance as Kylian Mbappé scored twice to secure a 3-0 victory over Iraq in their World Cup encounter. From the opening whistle, France dictated the tempo with sharp passing, high pressing, and relentless attacking intent. Early on, France dominated possession, forcing Iraq deep into their half. Consequently, the breakthrough arrived when Mbappé finished clinically after a well-orchestrated team move. The goal energized the French side, who continued to stretch Iraq’s defence with pace and precision. Moreover, France maintained control in midfield, cutting off Iraq’s attempts to build meaningful attacks. As the match progressed, Mbappé struck again,…

Norway secured a place in the FIFA World Cup Round of 32 after defeating Senegal in an entertaining encounter, with star striker Erling Haaland delivering a match-winning performance. The prolific forward scored twice to inspire his side to a hard-fought victory and strengthen their hopes of making a deep run in the tournament. From the opening whistle, Norway showed attacking intent and created several chances. Haaland eventually broke the deadlock with a clinical finish before adding his second goal later in the game to put his team in a commanding position. Although Senegal fought back and attempted to overturn the…

Yoruba nation agitator Sunday Igboho has defended his recent actions amid growing concerns over insecurity across Nigeria. His remarks came as the Arewa Consultative Forum (ACF) and the Northern Elders Forum (NEF) cautioned against steps they believe could trigger anarchy and further destabilize the country. Igboho maintained that his actions were aimed at protecting lives and property in affected communities. According to him, citizens have increasingly become concerned about persistent security challenges and the need for effective solutions. However, both the ACF and NEF expressed reservations over the development. The groups stressed that while insecurity remains a serious national issue,…

Spanish giants Real Madrid have reportedly dismissed speculation linking the club with a move for Bayern Munich winger Michael Olise. Recent reports suggested that the La Liga side had identified the talented forward as a potential transfer target. However, sources close to the club insist that Los Blancos have no plans to pursue the French attacker. The rumours gained momentum following Olise’s impressive performances since joining Bayern Munich. Consequently, several European clubs have been linked with the former Crystal Palace star. Nevertheless, Real Madrid have moved swiftly to distance themselves from the reports, making it clear that the player is…

The All Progressives Congress (APC) recorded an early boost in the ongoing Ekiti State governorship election after emerging victorious at the polling unit of Governor Biodun Oyebanji. The ruling party secured the majority of votes cast at the governor’s polling unit, reinforcing its strong presence in the state. The outcome, which came shortly after the completion of voting and counting, provided an indication of the party’s grassroots support as the electoral process continued across various parts of Ekiti. Meanwhile, party supporters welcomed the development with excitement, describing the result as a positive sign for the APC’s chances in the wider…