A TEENAGE YOUNG MAN SUDDENLY GOT UP AND RAN OUT OF HIS BEST FRIEND'S HOUSE, WITH NO SHOES ON. HE WAS NEVER SEEN ALIVE AGAIN. (PHOTO).

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 A teenage young man suddenly got up and ran out of his best friend's house, with no shoes on. He was never seen alive again.  Traevion Pirtle, 18, was found deceased in Indianapolis at 8:45 p.m. on March 13th. He had been missing since March 7th. Traevion's friends say that on Saturday, March 7th, Traevion inexplicably ran out of the house with no shoes on. The young man gave no explanation. He just ran from the home on the 3600 block of Cedar Pine Lane. He left his cell phone and his car at the home and vanished. For the next week, friends and family desperately searched for Traevion. They canvased the area handing out flyers and talking to people. They were searching for any kind of answer. According to some people close to the case they were informed he had taken mushrooms. This still doesn't explain what he actually passed away from.  Traevion had just been accepted into college in Florida. He seemingly had a bright future ahead. Family says he was a hard worker. His...
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PUBLIC DEBT RISES 48% TO N144.67TRN IN 2024 — DMO. (PHOTO).

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 Public debt rises 48% to N144.67trn in 2024 — DMO


Nigeria’s public debt surged by 48.5 per cent year-on-year (YoY) to N144.67 trillion ($94.23 billion) in 2024, up from N97.34 trillion ($108.23 billion) in 2023.


This was disclosed by the Debt Management Office (DMO) in its most recent public debt profile report.


The total debt consists of external debt amounting to N70.29 trillion ($45.78 billion), which is serviced with $4.66 million, and domestic debt of N74.38 trillion ($48.44 billion).


The report revealed that the country’s external debt rose by 83.89 per cent YoY from N38.22 trillion ($42.5 billion) in 2023.


Meanwhile, domestic debt grew by 25.7 per cent YoY from N59.12 trillion ($65.73 billion) in 2023.


Additionally, the report showed that the Federal Government’s domestic debt component rose by 32 per cent YoY, reaching N70.41 trillion from N53.26 trillion in 2023.


In contrast, the domestic debt of states and the Federal Capital Territory fell by 32 per cent YoY to N3.97 trillion in 2024, down from N5.86 trillion in 2023.


The increase in public debt can largely be attributed to fluctuating exchange rates amid changes in global economic conditions.


The sharp rise, particularly in external debt, underscores the nation’s vulnerability to exchange rate fluctuations and shifts in global economic dynamics.


As the naira continues to depreciate, the cost of servicing foreign debt could rise, placing additional strain on the country’s financial resources.

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