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FG cancels $717.7m World Bank...

The Federal Government has cancelled $717.7 million...

Tinubu welcomes UK-backed Lebara’s entry...

Tinubu welcomes UK-backed Lebara’s entry into Nigeria,...

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 -
Agriculture

Britain to partner...

Britain to partner Nasarawa on agriculture, infrastructure development Story from Ibraheem Hamza MUHAMMAD, Lafia Britain has pledged to partner Nasarawa State government in the area of...
Gift Luckson -
Agriculture

NGO distributes agricultural...

A non-governmental organisation, Victims Support Fund (VSF) has distributed agricultural inputs to 1,000 Internally Displaced Persons (IDPs) farmers to restore livelihoods in Borno state. The...
Gift Luckson -
Business & Economy

New Forex Policy:...

Story from Kenneth AFOR, Lagos Some operators of Bureau de Change (BDC) have urged the Central Bank of Nigeria (CBN) to make Forex accessible to...
Neptune Prime -
Business & Economy

CBN gives guidelines...

The Central Bank of Nigeria, CBN has released a Regulatory Guidelines and Framework for Mobile Money Services in the country. According to CBN, the introduction...
Gift Luckson -
Nation

CBN’s financial management...

Story from ABAH ADAH, Abuja Energy experts have said that the financial discipline introduced by the Central Bank of Nigeria (CBN) in the electricity industry...
Maryam Umar -
Columns

Nigeria’s Healthcare Sector:...

Deep thought with Othman In Nigeria, attitudinal change is needed in all facets of human endeavours. Relatively, however, the attitudes of some medical personnel leave...
Neptune Prime -
Education

Adamawa Gov’t pledges...

Adamawa Government has pledged to collaborate with all stakeholders towards the development of the education sector, especially girl-child education in the state. Mrs Wilbina Jackson,...
Gift Luckson -
Health

Bill Gates To...

American businessman, Bill Gates, has advised the Nigerian government to consider fixing the poor health sector in the country rather than spending money on...
Maryam Umar -
Local

TAJBank commits to...

T AJBank, Nigeria’s first non-interest bank, has reiterated its commitment to contributing to the growth and development of the Nigerian education sector. The commitment...
Neptune Prime -
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