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Australia’s Household Spending Is Flat as Outlays for Sport Slip

Australia’s household spending was flat in August, suggesting a weakening of demand in the economy as the Reserve Bank is expected to resume raising interest rates later today.

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At N166trn, Nigeria’s debt-to-GDP nears 40%

Nigeria’s total public debt has risen to N166.79 trillion as of June 30, 2026, bringing the country’s debt burden close to 40 per cent of its gross domestic product (GDP) and prompting renewed…

  • Nigeria's total public debt reached N166.79 trillion as of June 30, 2026
  • Debt burden now nearly 40% of GDP, up 4.7% from previous quarter
  • Federal Government accounts for 91.6% of total debt, including N75.20 trillion external debt

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