Former Nigerian President Muhammadu Buhari Passes Away Reports confirm the passing of former Nigerian President Muhammadu Buhari at the age of 80 During his lifetime, he held various notable positions, including President of Nigeria (2015-2023), Military Head of State (1983-1985), Minister of Petroleum Resources, Governor of Borno State, and Chairman of the Petroleum Trust Fund. Tributes are pouring in for the late leader, reflecting on his contributions to Nigeria's development. May he rest in peace. (Word count adjusted for accuracy)
Global Debt Hits $100 Trillion, Growth Might Accelerate
⏺ The International Monetary Fund (IMF) warns that global public debt is set to exceed $100 trillion for the first time this year, potentially reaching 115% of GDP by 2027.
⏺ As political sentiment shifts towards increased spending, particularly in the U.S., the IMF cautions of rising fiscal uncertainty that could drive borrowing costs higher.
The report highlights the need for significant fiscal tightening to stabilise debt levels, as ongoing pressures from green transitions and population aging escalate.