Nigeria says subsidy savings absorbed by debt costs, higher spending

Nigeria's finance minister said on Thursday that savings from the removal of fuel subsidies and foreign-exchange market reforms had largely been absorbed by higher debt-servicing costs.

Nigeria destroys 2,819 seized illicit arms in security crackdown

Nigeria's arms control agency said on Thursday it destroyed 2,819 illicit, obsolete and decommissioned weapons in a bid to curb insecurity.