BREAKING: FG, States in N25trillion debt

BREAKING: FG, States in N25trillion debt – DMO releases data

The Debt Management Office, DMO, has published the Public Debt Data comprising the domestic and external debts of the Federal Government of Nigeria (FGN), the 36 States of the Federation and the Federal Capital Territory (FCT) as at March 31, 2019.
The figures were released in a statement on its website on Wednesday.

“At ₦24.947 Trillion (US$ 81.274 Billion) as at March 31, 2019, the Total Public Debt grew marginally by 2.30% when compared to the figure of ₦24.387 Trillion (US$ 79.437 Billion) as at December 31, 2018.
“The increase of ₦560.009 Billion in the Total Public Debt in Q1 2019, was accounted for largely by Domestic Debt which grew by ₦458.363 Billion.
“Increases were recorded in the Domestic Debt Stock of the FGN, States and the FCT. External Debt also increased by ₦101.646 Billion during the same period.

“In relation to the Debt Management Strategy, the Ratio of Domestic to External Debt stood at 68.49% to 31.51% at the end of March 2019.
“The Total Public Debt to GDP Ratio was 19.03% which is within the 25% Debt Limit imposed by the Government,” the statement read.

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Nigeria vs Algeria: Riot breaks out in France

French police struggled to curtail Algeria football fans on Sunday after their win over Nigeria at the 2019 Africa Cup of Nations, AFCON, in Egypt. After Algeria scored the winning goal at the final minute, thousands of fans stormed the streets. Riotous incidents were however recorded in Paris, Lyon and Marseille, France24 reports. Marseille, where thousands of Algeria fans watched the match on the Boulevard de la Canebière, was worst hit. According to the police, 282 people were arrested between Sunday night and Monday morning. 50 people were arrested in Paris and 147 in the Lyon area – where dozens of cars were set on fire. Interior Minister, Christophe Castaner reacted to the development on Monday. He hailed the police and firemen for their “speedy reaction and professionalism which contained the violence and to the perpetrators” being apprehended.

BREAKING NEWS: Fuel tanker explodes in Gombe

A fuel tanker has exploded in Tunfure along Gombe-Bauchi expressway, Gombe State, leaving a motorcyclist burnt beyond recognition. As at press time, Channels Television reports that the number of casualties is yet to be ascertained. It added that the men of the fire service are yet to be seen at the scene, but commercial water tankers are currently been used to put out the fire.

The Joint Admissions and Matriculation Board (JAMB) said four agents have been arrested for selling ePINS for the ongoing 2020 Unified Tertiary Matriculation Examination (UTME)/Direct Entry (DE) registrations above the stipulated amount. The four agents are Abdulrazak Adiza, Mathew Joe, Obekee Godday and Inyang Patrick. In a statement sent to PREMIUM TIMES Wednesday night, the spokesperson of the board, Fabian Benjamin, warned that any outlet caught selling the ePINS higher than the prescribed amount would be sanctioned immediately. He said the arrested vendors have been suspended from further participation in the sale of ePINs for the 2020 UTME. He advised parents and candidates to report any case of exploitation to the board. He said the cost of the ePINs is N3500 and the reading text, N500. ”It has come to the knowledge of the Board that agents of certain registered sale outlets are vending the JAMB Registration ePINs at a cost higher than the prescribed fee,” Mr

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