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Nigeria Faces $6.4 Billion Eurobond Repayment Burden – World Bank - Business -

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  Nigeria faces a $6.4bn sovereign Eurobond repayment burden between 2024 and 2030, ranking joint third among the largest repayment exposures in sub-Saharan Africa, according to the World Bank. The World Bank disclosed this in its October 2026 Africa Economic Update, titled Building AI Readiness, which examined rising debt-servicing and refinancing pressures across the continent. The report said, “South Africa faces the largest repayment burden, with US$11.8 billion, with maturities in every year of the period. It is followed by Ghana ($6.4bn), Nigeria ($6.4bn), and Angola ($3.9bn).” This places Nigeria and Ghana jointly behind South Africa in the ranking of countries with the largest Eurobond principal falling due during the seven-year period. Overall, the World Bank estimated that sovereign Eurobond principal maturing across 13 sub-Saharan African countries between 2024 and 2030 stood at about $43.6bn, after adjusting for bond buybacks and liability-management operations complete...

Supreme Court Judgement: Erring Parties Will Not Field Candidates – INEC - Politics

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S’Court judgement: Erring parties will not field candidates – IINEC The Independent National Electoral Commission (INEC) has said political parties found to be fielding candidates whose names were not on the registers it submitted to the commission will not be allowed to participate in the 2027 elections. The Supreme Court, in its September 24, 2026 judgement, affirmed the constitutionality of Sections 77(5), 77(6) and 77(7) of the Electoral Act 2026 and upheld INEC’s revised timetable and schedule of activities for the 2027 elections. INEC National Commissioner in charge of information and voter education, Malam Mohammed Haruna, made the point clear while speaking on Trust TV programme, Daily Politics on Wednesday evening. He said parties will not be allowed to substitute such candidates because defaulters will not be allowed to benefit from an offence they committed. He said the commission should be able to make a definite pronouncement on the Supreme Court jugdmemt by Tuesday next w...

Do Not Say Things If You Do Not Have Evidence — Rufai Oseni Blasts Obi - Politics

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  Do Not Say Things If You Do Not Have Evidence — Journalist Rufai Oseni blasts Peter Obi over new Claim of Winning 2023 Election without evidence Journalist Rufai Oseni has reacted to former Labour Party Presidential candidate, Peter Obi’s recent statement that he won the 2023 presidential election but he doesn’t have evidence to back his claim. Speaking on Arise News, Oseni said Obi should not make such a claim if he does not have evidence to support it. “Mr Peter Obi, it is best you do not say things if you do not have the evidence. I must have to repeat it, because when you say that I won the election, you don’t have the evidence to back it up. Then people do not take what you say seriously .” Oseni also questioned whether Obi had conducted a detailed analysis of the election results before making the claim. “Didn’t you have back-end analysis of result by result before you make the claim? Where are all your own data spreadsheets on the back end that assert your claim? Where is ...