Dan Mughogho
Nigerian Pastor Omotoso detained once more on immigration violations
Nigerian Pastor Omotoso detained: According to police commissioner Gen Fannie Masemola, Omotoso was arrested on Saturday morning,, and the charges center on a breach...
Kidnapping surge in Gqeberha sparks fear and unity
Kidnapping surge in Gqeberha: OOver the past three weeks, at least five documented kidnappings have engulfed Gqeberha, South Africa, in a tragic sequence.
At least...
[Watch] Bill Gates Vows Not to ‘Die Rich—Takes Swipe at Musk’s...
Bill Gates Vows Not to 'Die Rich:
Bill Gates says he won't "die rich," accelerating the distribution of riches; he slams Musk's 20-year winding...
Nigeria Delisted: The IMF Clears the Nation from the Global Debt...
Nigeria Delisted: Nigeria has left the list of insolvent nations after clearing its $1.6 billion debt to the IMF.
After paying off its $1.61 billion debt to the IMF, Nigeria has dropped off the list of bankrupt countries.
Having 91 developing and least developed countries owed the fund a total of $117,656,224 as at May 6, 2025, acquired on the website of the multilateral institution on Wednesday, Nigeria was not listed among the debtors in a report titled "Total IMF Credit Outstanding – Movement from May 01, 2025."
entire IMF credit outstanding is the entire amount of unpaid and outstanding principal owing by the fund from every one of its members.
This covers existing loans under current terms as well as expired ones.
However, according to StatiSense, a data company that also revealed on its X handle on Wednesday that Nigeria was no longer listed on the list of nations owing to the IMF, Nigeria owes the fund $1.61 billion as of July 28, 2023.
StatiSense said the debt was $1.37 billion as of January 5, 2024; $933.03 million as of July 10, 2024; and $472.06 million as of January 8, 2025, until it was finally resolved this month.
The amount turned out to be US dollars rather than Special Drawing Rights (SDR), an international reserve asset created by the IMF to increase official reserves of member nations.
O'tega Ogra, Senior Special Assistant to the President on Digital Engagement, Strategy, and New Media, said on his X handle that the development of the Tinubu government was evidence of discipline, reform, and strategic reset by means of "our finances to enable us to be better placed for a prosperous future".
With...
Conclave: Cardinals Fail to Elect New Pope in First Vote
Conclave: Black smoke billowed from the chimney of the Sistine Chapel on Wednesday evening, signaling an inconclusive first vote by cardinals gathered in a...
Julius Malema Denied UK Visa Ahead of Cambridge Conference
Julius Malema Denied UK Visa: British authorities have reportedly denied Economic Freedom Fighters (EFF) leader Julius Malema a visa to attend the Cambridge Conference...
Kenyan Businessman Philip Aroko Wanted in Connection with MP Were’s Murder
Kenya Businessman Philip Aroko Wanted by police: Authorities are seeking businessman Philip Nahashon Aroko in connection with the murder of Kasipul MP Charles Ong’ondo...
Sudan cuts diplomatic ties with UAE Sudan declares UAE ‘aggressor state
Sudan cuts diplomatic ties with UAE:
Gulf country denies accusation of supporting paramilitary
Sudan severed diplomatic relations with the United Arab Emirates (UAE) on Tuesday and...
Kenyan Surgeons Perform the World’s First Transhumeral TSR Surgery
Kenyan Surgeons Perform the World’s First Transhumeral: Kenyatta National Hospital (KNH) has made history by successfully performing the world’s first Transhumeral Targeted Sensory Reinnervation...
Cameroon and Chad Open New Bridge to Enhance Cross-Border Trade
Cameroon and Chad Open New Bridge: A new bridge has been inaugurated, linking the Cameroonian town of Yagoua with Bongor in Chad.
This project also...