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FG cancels $717.7m World Bank...

The Federal Government has cancelled $717.7 million...

How a motorcycle rider was...

How a motorcycle rider was lured and...

FG cancels $717.7m World Bank Power Sector loan amid reform setbacks

The Federal Government has cancelled $717.7 million in undisbursed World Bank intervention funds meant to support reforms in Nigeria’s troubled electricity sector. The decision followed a formal request by the Federal Government and a joint agreement with the World Bank to discontinue financing under the Power Sector Recovery Performance-Based Operation after key reform targets failed to materialise amid changing realities in the sector. Documents obtained from the World Bank showed that the cancellation affects the remaining balance of a broader $1.52 billion power sector recovery programme. “The restructuring will result in the...
Abdullahi Mustapha Haruna -
Development

FG cancels $717.7m...

The Federal Government has cancelled $717.7 million in undisbursed World Bank intervention funds meant to support reforms in Nigeria’s troubled electricity sector. The decision followed...
Abdullahi Mustapha Haruna -
News

How a motorcycle...

How a motorcycle rider was lured and murdered by a friend over a promised loan in Ibadan Story by Okafor Vivian  Ibadan, Oyo State. A tragic...
Maryam Umar -
News

Senate greenlights ₦1.15...

Senate greenlights ₦1.15 trillion domestic loan to bridge 2025 budget The Nigerian Senate has approved President Bola Tinubu’s request to raise ₦1.15 trillion from the...
Maryam Umar -
News

Tinubu seeks ₦1.15...

Tinubu seeks ₦1.15 trillion domestic loan to cover 2025 budget shortfall President Bola Tinubu has formally requested the National Assembly’s approval to borrow ₦1.15 trillion...
Maryam Umar -
Education

NELFUND hits one...

NELFUND hits one million applications, disburses ₦116 billion to students   The Nigerian Education Loan Fund (NELFUND) has announced a major milestone, recording over one million...
Maryam Umar -
News

Nigeria seeks $2...

‎Nigeria seeks $2 billion China loan to construct power 'super grid' ‎ ‎The Federal Government is in advanced discussions with the Export-Import Bank of China for...
Maryam Umar -
News

Nigeria secures $300m...

Nigeria secures $300m world bank loan to tackle IDP crisis The World Bank has approved a $300 million loan to support Internally Displaced Persons (IDPs)...
Salim Sani -
Sports

Barcelona seal Rashford...

Barcelona seal Rashford loan deal from Man Utd Barcelona has secured the 27-year-old's services on a year-long loan from Manchester United, with a permanent transfer...
Yahaya Goni -
News

FG announces toll...

FG announces toll charges on Abuja–Akwanga–Makurdi road to repay loan The Federal Government officially launched toll operations on the Abuja–Akwanga–Lafia–Makurdi Road corridor to repay the...
Dajen Comfort Yakubu -
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