SDP PARLEYS MEDIA AHEAD OF 2027 GENERAL ELECTIONS. (PHOTO).

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 SDP PARLEYS MEDIA AHEAD OF 2027 GENERAL ELECTIONS  The Social Democratic Party, SDP has disassociated itself from those calling for the rescheduling of the 2027 general elections due to the confirmed case of Ebola in Nigeria. A statement by the Presidential candidate of the Party, Prince Adewole Adebayo indicates that just one case of the disease recorded is not enough to cancel or reschedule the election that is already at hand, as the situation is not yet a pandemic. He explains that the country has the ability to take care of the situation. The statement further encourages the media to be as independent and unbiased as possible in reporting the forthcoming general election. It emphasises the media's role in sustaining democratic governance in the country. The SDP Presidential candidate encourages media practitioners to get acquainted with the party's manifesto and enlighten the public adequately, enabling them to actively engage the party during campaigns.
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NIGERIA'S FOREIGN RESERVES DECREASE TO $24BN RECORD LOW IN 2024- IMF. (PHOTO).

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 Nigeria’s foreign reserves decrease to $24bn record low in 2024 – IMF


International Monetary Fund says Nigeria’s foreign reserves dropped to a record low of $24 billion in 2024 from $33 billion last year.


IMF’s latest country report for Nigeria disclosed this, signalling potential challenges for Africa’s largest economy.


It noted that the first half of 2023 witnessed a surplus in the current account, yet there was a notable decline in reserves.


“Through 2024–25, the financial account will likely deteriorate, with no projected issuance of Eurobonds, large Fund and Eurobond repayments of $3.5 billion, and portfolio outflows.


“Hence, despite a current account surplus, officially reported reserves are projected to decline to $24 billion in 2024 before increasing again to $38 billion in 2028 as portfolio inflows resume,” the report stated.


But Central Bank of Nigeria data showed Nigeria’s foreign reserves stood at $33.12 billion as of February 8, 2024.

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