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Newspaper Headlines: Nigeria’s debt servicing fell from $540m to $276m, says CBN

byAyomikunle Daramola
March 18, 2025 7:00 am

The commencement of impeachment proceedings against Siminalayi Fubara, governor of Rivers, suffuses the frontpages today.

Punch says over 400 filling stations of independent oil marketers located at border communities have remained shut since 2019 based on the federal government’s directive to halt the smuggling of petrol out of Nigeria. The newspaper reports that tension gripped Rivers state following the initiation of impeachment proceedings against Fubara and Ngozi Odu, his deputy, by the state house of assembly.
Guardian reports that the Central Bank of Nigeria (CBN) said the nation’s debt servicing fell from $540 million to $276 million. The newspaper says the All Progressives Congress (APC) has slammed Nasir el-Rufai, former governor of Kaduna, for lashing out at the party due to personal grievances.
Tribune says the headline inflation rate in Nigeria eased to 23.18 percent year-on-year in February 2025, compared with January’s 24.48 percent. The newspaper reports that the senate has hinted at reintroducing the inclusion of statutory delegates in political parties’ primaries in the proposed amendment of the Electoral Act 2022.
Daily Trust reports that el-Rufai has accused Uba Sani, his successor in Kaduna, of using LG funds to purchase properties in Seychelles, South Africa, and the United Kingdom. The newspaper says many people were injured and houses burnt following a disagreement between traditional worshippers and Muslim youths in Shimankar community, Shendam LGA of Plateau state.

 

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