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N160 Trillion And Counting: Implication Of Nigeria’s Growing Public Debt

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Nigeria’s public debt hitting N160 trillion is not just a staggering figure, it’s a warning sign. As the country continues to borrow to fund budget deficits, service existing debt, and meet urgent obligations, the implications grow heavier. This mounting debt burden puts immense pressure on government revenue, most of which is already being used to service previous loans.

With little left for infrastructure, education, healthcare, or job creation, the consequences of debt dependency are already being felt in the daily lives of ordinary Nigerians.

What’s even more concerning is that this figure could rise even higher, as Nigeria continues to struggle with low revenue generation, oil theft, foreign exchange instability, and inflation. Borrowing may seem like a quick fix, but it risks trapping the nation in a cycle of debt with limited fiscal space for development.

N160 trillion is more than just a number, it’s a signal that urgent reforms in public finance, transparency, and sustainable economic planning are needed to secure Nigeria’s future.

Russian Bombing Of Ukrainian Prison Kills 17, Injures Dozens

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Ukrainian authorities have confirmed that an air assault carried out by Russian forces overnight struck a detention center in the southeast, resulting in the deaths of 17 individuals and injuring 42 more.

The facility, located in the Zaporizhzhia region, was hit during a series of eight powerful aerial attacks using high-explosive glide bombs. Regional head Ivan Fedorov stated that residential properties in the area were also damaged during the offensive.

Ukrainian President Volodymyr Zelensky denounced the incident as a “deliberate strike” on a correctional institution, accusing Russia of targeting civilians at a time when a ceasefire “could have long been in place.”

Though Russia lays claim to Zaporizhzhia as one of the four territories it says were annexed in 2022, Ukraine retains control over most of the region.

According to Ukraine’s justice ministry, four of the bombs landed directly on the Bilenke facility, leveling key parts of the prison including the kitchen, administrative building, and the intake area. All of the dead and wounded were inmates, the ministry confirmed.

Since the conflict escalated into a full-scale invasion in 2022, Zaporizhzhia has endured repeated assaults by Russian forces.

Ukraine’s human rights representative condemned the prison attack, emphasizing that incarcerated individuals retain their right to life and protection under international humanitarian law.

On Monday, U.S. President Donald Trump delivered a pointed message to the Kremlin, warning that Moscow had “about 10 or 12 days” to reach a ceasefire agreement or face sweeping new sanctions. Speaking during his visit to Scotland, Trump told reporters he would “announce it probably tonight or tomorrow,” adding, “there’s no reason to wait, if you know what the answer is.”

Zelensky welcomed Trump’s “very important words” and said that Russia was “wasting the world’s time.”

Trump had previously given Russia a 50-day window to agree to a truce with Ukraine, but that warning has yet to deter further Russian offensives.

Late Monday, additional strikes hit eastern Ukraine’s Dnipropetrovsk region, causing more civilian casualties.

In Kamyanske, a city known for its industrial base, two people lost their lives and five others sustained injuries following a missile and drone assault, regional leader Serhiy Lysak confirmed.

Elsewhere in the Synelnykivsky district, another civilian was killed, and multiple people were hurt. In one village, a 75-year-old woman died and a 68-year-old man was injured when a projectile hit their home late Monday night.

The fresh wave of bombings coincided with Russia’s continued military push into Dnipropetrovsk, where Moscow claimed over the weekend to have seized control of the village of Maliyevka. Ukrainian officials have publicly denied those claims.

Meanwhile, across the border in Russia, local authorities reported that Ukraine had launched a swarm of drones overnight into the southern Rostov region. One person died in the town of Salsk when their vehicle was struck, and a freight train caught fire during the attack.

Another fatality was reported in the Belgorod region, where a man was killed in his car and his wife injured during a separate drone incident.

Maurice Kamto Challenges Election Disqualification In Cameroon

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Cameroonian opposition leader Maurice Kamto has appealed his exclusion from the 2025 presidential ballot. The electoral commission, ELECAM, announced that only 13 of the 83 applicants, including incumbent President Paul Biya, were cleared for the October 12 vote. Kamto, widely regarded as Biya’s main challenger, was left off the shortlist and quickly lodged an appeal with the Constitutional Council within the legal two day window.

The electoral body cited legal issues surrounding Kamto’s nomination, stating that his new party, MANIDEM, lacked elected officials, a requirement under Article 121(1) of the 2012 Electoral Code. They argued that his transition from the former party, MRC, did not meet the conditions. Kamto’s camp disputes this interpretation, insisting the rule does not apply to presidential elections and has taken the case to the Constitutional Council.

The opposition condemned the move as politically motivated, accusing the commission of working to protect the ruling party’s interests. They pledged to pursue all legal avenues to overturn the decision. Meanwhile, concerns have grown over possible unrest, prompting heightened security measures in major cities such as Yaoundé and Douala.

Kamto, who captured about 14% of votes in the 2018 presidential race, remains barred from the 2025 contest unless his appeal succeeds.

Tinubu Honours Super Falcons With OON, $100K Reward And Apartments

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President Bola Ahmed Tinubu has bestowed the national honour of Officer of the Order of the Niger (OON) on the triumphant Super Falcons following their historic 10th Women’s Africa Cup of Nations (WAFCON) victory over hosts Morocco.

During a reception for the team at the Presidential Villa in Abuja, Tinubu announced that each of the 24 players would receive the naira equivalent of $100,000. 

“I have received this trophy on behalf of all Nigerians, and I say to you: thank you for the dedication, passion, and for reminding us of the strength of the Nigerian spirit. On behalf of a grateful nation, I hereby confer on the players and the 11-man technical team the national honour of Officer of the Order of the Niger (OON).”

He added: “Additionally, I hereby direct the allocation of a three-bedroom apartment to each of the players and members of the technical team. 

In addition, there is a cash award of the naira equivalent of $100,000 each to the 24 players, and the equivalent of $50,000 each to the 11-man technical team. Once again, I congratulate you, and I’ll continue to pray for you. With this, Nigeria’s spirit is unyielding and will never die.”

Also in attendance was First Lady, Senator Oluremi Tinubu, who has shown support for the team throughout the tournament.

U.S. And EU Seal Major Trade Tariff Agreement

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Following intense back-and-forth discussions led by trade envoys, the United States and European Union have managed to finalize a trade tariff framework — just ahead of a new tariff review round between Washington and Beijing.

The breakthrough came only after senior leaders from both regions met in person over the weekend to close the deal.

This mirrors other trade outcomes involving President Donald Trump, where his direct input has frequently been the decisive element in clinching agreements, even when success seemed unlikely.

The accord is crucial because countless jobs and enterprises rely on what the EU refers to as “the world’s largest bilateral trade and investment relationship.”

The Trump camp is hailing this outcome as a significant achievement, and in several respects, it is. Still, European Commission President Ursula von der Leyen can also claim some gains.

“The entire European press is singing the president’s praises right now, amazed at the deal he negotiated on behalf of Americans,” Vice President JD Vance posted on X.

“Tomorrow the American media will undoubtedly run headlines like ‘Donald Trump Only Got 99.9 Percent of What He Asked For’,” he continued.

For the EU, the upside is a lower tariff of 15% from the US, avoiding the steeper 30% that had initially been proposed.

Nonetheless, this still represents a setback, since the current figure is much steeper than what applied prior to what Trump dubbed his Liberation Day in April — and notably higher than the UK’s 10% rate.

Officials in Brussels can argue that a wide range of European exports benefit from this reduced rate.

It also means the auto industry in Europe will now pay a 15% import duty in the US, instead of the global 25% tariff imposed in April.

In exchange, the EU is “opening up their countries at zero tariff” to US-made products, according to Trump.

Meanwhile, European steel and aluminium products will remain subject to a 50% duty when entering American markets.

Coming shortly after last week’s trade agreement with Japan, this new arrangement marks another strategic win for Trump.

Based on previous trade volumes, the US government anticipates approximately $90 billion in revenue from these tariffs.

The EU has also pledged to make massive purchases of American energy resources and defense equipment.

Trump indicated the EU will raise its US-based investments by $600 billion — including in military systems — and spend an additional $750 billion on American energy.

This accord is being described as a milestone moment in US-EU economic relations.

The journey to reaching this point was fraught with challenges.

Negotiators from both sides were unwilling to back down, but neither wanted to allow talks to extend beyond the August 1 deadline.

Throughout the process, the EU emphasized its tough stance, signaling its readiness for retaliatory measures if needed.

President Trump has long criticized what he perceives as trade imbalances with Europe.

One of his key concerns has been the trade deficit — last year, the US imported $236 billion more from the EU than it exported to the bloc.

In Trump’s view, this represents American resources being drained unnecessarily. While trade experts argue the reality is more nuanced, the concern remains central to his policies.

Another sticking point for the US has been the EU’s stringent regulations, which it argues make it more difficult for American businesses to access European markets compared to the reverse.

President von der Leyen acknowledged the imbalance during the announcement, saying: “We have to rebalance it. We have an excellent trade relation. It’s a huge volume of trade that we have together. So we will make it more sustainable.”

At the start of these discussions, the EU’s negotiating position was weakened by external factors.

Taking on the world’s largest economy in a trade dispute wasn’t ideal during a time of sluggish European economic performance.

The European Central Bank had recently warned that “the environment remains exceptionally uncertain, especially because of trade disputes.” This new deal removes part of that uncertainty.

Europe’s dependence on the US for defense also played a silent but powerful role. EU officials may have worried about Trump potentially halting support to Ukraine, scaling back American military presence, or even threatening NATO participation.

“The EU was in a weak position, I’m afraid. It had no choice. Trump was not going to back down and it settled for 15%, so it’s a bad day for international trade, frankly. But it could have been worse,” a former EU trade negotiator said.

This agreement highlights Trump’s determination to reshape how the US interacts economically with other global powers.

Securing this deal with a 27-member economic bloc, each with its own national interests, was no small feat.

It follows recent pacts with countries such as Japan, the UK, Vietnam, and Indonesia.

Yet the most consequential talks remain unresolved — those with Mexico, Canada, and China.

As the Trump administration continues its drive for more balanced trade terms, observers are watching closely to see whether upcoming negotiations, including those with China, will yield similar results.

Another round of US-China talks is underway, and many are hopeful that elevated tariffs might be temporarily paused for 90 days.

Still, China’s negotiators have so far proven less flexible than others.

If discussions between the world’s two largest economies stall, further turbulence in global trade cannot be ruled out in the near future.

Court Lifts NYSC’s Skirt Prohibition For Corps Members

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‎A Federal High Court in Abuja has ruled that the National Youth Service Corps (NYSC) violated the constitutional right to freedom of worship by refusing to allow female corps members to wear skirts based on their religious convictions.
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‎Justice Hauwa Joseph Yilwa determined that mandating trousers as the sole uniform option for female corps members infringed on their fundamental rights to religious expression and human dignity.
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‎The judgment followed the consolidation of two separate lawsuits filed by former corps members, Miss Ogunjobi John Blessing and Miss Ayuba Vivian, which shared similar legal arguments and were heard together by Justice Yilwa.
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‎In the cases, marked FHC/ABJ/CS/989/2020 and FHC/ABJ/CS/988/2020, the plaintiffs maintained that being required to wear trousers contradicted their Christian beliefs, citing Deuteronomy 22:5, which they interpret as prohibiting women from wearing men’s clothing.
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‎In a ruling delivered on June 13 and 14, 2025, copies of which surfaced over the weekend, the court found that NYSC’s trousers-only policy violated Section 38(1) of the 1999 Constitution (as amended), which protects the right to religious freedom, and amounted to degrading treatment and harassment.
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‎Justice Yilwa issued firm rulings in favour of the applicants, granting all their requested reliefs, including a declaration that NYSC’s refusal to permit skirts for religious reasons is unconstitutional.
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‎The court ordered the NYSC to formally recognise and allow the use of skirts for female corps members who raise genuine religious objections.
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‎It also directed the NYSC to reinstate the two affected former corps members and reissue their certificates.
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‎Additionally, the court ruled that the harassment, humiliation, and embarrassment inflicted on the applicants by NYSC officials constituted a clear violation of their constitutional right to freely practice and express their religion.
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‎The judge granted ₦500,000 in compensation to each applicant for the breach of their fundamental rights. While both applicants had sought ₦10 million in damages, the court considered the ₦500,000 sum sufficient given the circumstances.
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‎The ruling also emphasized that preventing the applicants from completing their service because of their choice of attire constituted religious discrimination.
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‎“The action of the Respondents resulted in the Applicants being embarrassed and humiliated. This is an outright infringement of their fundamental rights,” Justice Yilwa stated.
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‎The respondents named in the suits are the National Youth Service Corps (NYSC) and its Director-General. The applications were filed under Order 11 Rules 1 to 5 of the Fundamental Rights (Enforcement Procedure) Rules 2009; Sections 38 and 42 of the 1999 Constitution of the Federal Republic of Nigeria (as amended); Articles 2, 5, 6, 8, 10, 17, and 19 of the African Charter on Human and Peoples’ Rights; as well as the court’s inherent jurisdiction.
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Naomi Osaka, Coach Patrick Mouratoglou End Partnership

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Four-time Grand Slam champion Naomi Osaka announced on Monday that she has parted ways with coach Patrick Mouratoglou after less than a year of working together.

“Merci Patrick… it was such a great experience learning from you,” the former world number one wrote on X.

Osaka began her partnership with the French coach best known for his long-term collaboration with 23-time Grand Slam winner Serena Williams in September last year.

After sitting out the entire 2023 season following the birth of her daughter, Osaka has struggled to regain her top form since returning to the tour. She is currently ranked 49 in the world.

Her recent Grand Slam outings saw her fall in the first round at the French Open and in the third round at Wimbledon.

Super Falcons Return To Abuja For Trophy Parade After Historic 10th WAFCON Title Win

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Nigeria’s beloved Super Falcons have returned to Abuja in style after capturing their record-extending 10th Women’s Africa Cup of Nations (WAFCON) title, setting the stage for citywide celebrations.

The champions touched down at Nnamdi Azikiwe International Airport on Monday afternoon to a warm and festive welcome. Their victory parade will roll through major spots in the Federal Capital Territory, including Airport Road, Berger Junction, Maitama, and Wuse Market.

The celebrations continue as President Bola Ahmed Tinubu is expected to host and honour the team later today at the Presidential Villa, following their thrilling 3-2 victory over hosts Morocco in Saturday’s WAFCON final.

Trump Cuts Down Russia’s Ukraine War Ultimatum

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U.S. President Donald Trump announced Monday that he is shortening the 50-day deadline he initially gave Russia to resolve its ongoing conflict with Ukraine, signaling his growing irritation with President Vladimir Putin over the extended violence.

“I’m disappointed in President Putin,” Trump remarked during a joint appearance with British Prime Minister Keir Starmer ahead of their scheduled meeting in Scotland. “I’m going to reduce that 50 days that I gave him to a lesser number because I think I already know the answer what’s going to happen.”

Although Trump did not state a revised timeline, this shift follows the deadline he had imposed earlier in the month. The president has consistently expressed dismay over Russia’s continued military aggression, despite diplomatic efforts by the United States.

Prior to his return to office this January, Trump, who positions himself as a diplomatic problem-solver, pledged to resolve the nearly four-year war in just one day.

He has also issued warnings about the possibility of enforcing additional economic penalties on Russia, as well as on countries that continue to buy Russian exports, should a resolution not be reached by the start of September.

Nonetheless, Trump has occasionally softened his stance toward Putin, pointing to what he believes has been a generally positive history between them. He’s also aired frustrations with Ukrainian President Volodymyr Zelenskiy.

“We thought we had that settled numerous times, and then President Putin goes out and starts launching rockets into some city like Kyiv and kills a lot of people in a nursing home or whatever,” Trump said. “And I say that’s not the way to do it.”

Deadly Floods Hit Eastern Romania, Forcing Mass Evacuations

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Torrential flooding in parts of eastern Romania overnight has led to one fatality and widespread displacement, as authorities scrambled to rescue residents and contain the damage on Monday.

Officials reported that approximately 25 villages across nine different counties were overwhelmed by intense rainfall and strong winds, which damaged thousands of properties, tore rooftops apart, toppled trees, and disrupted movement along key national routes.

The most severely impacted regions were Neamt and Suceava counties, where rivers overflowed, resulting in the death of a 66-year-old man and forcing large numbers of residents to flee. In Suceava’s Brosteni village, roads leading in and out became completely inaccessible.

According to the Environment Ministry’s water authority, water levels in some rivers reached historic peaks. Crews have since begun restoration efforts, including work on bridges that were destroyed by the surging waters.