Margins of control

On our first story for today, Nigeria’s Debt Office raised ₦2.2 trillion from its ₦300 billion Sukuk offer, showing strong investor interest with a 735% oversubscription. At the same time, the Central Bank is lowering interest rates. 

Meanwhile, a $5 billion oil-backed loan deal with Saudi Aramco has stalled due to falling oil prices and Nigeria’s low oil production. 

What do these mean for Nigeria’s future borrowing strategy and economic stability?

Finally, Russia is strengthening its ties with African countries, mainly in security and trade. Its new group, the “Africa Corps,” has replaced Wagner in Mali, helping fight Islamist militants. Some progress has been made, but threats from groups like ISIS still remain. How will Russia’s growing presence affect the region in the long run?