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FG cancels $717.7m World Bank...

The Federal Government has cancelled $717.7 million...

From the Sahel to the...

From the Sahel to the World: Are...

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 -
Business & Economy

Elon Musk becomes...

Elon Musk a tech entrepreneur has topped Microsoft founder Bill Gates to become the world's second-richest man after a meteoric rise in his personal...
Salim Sani -
Entertainment

A Better Time:...

Popular American rapper, Nicki Minaj has congratulated Nigerian music sensation and DMW boss, Davido on the release of his new album, “A Better Time”. To...
Maryam Umar -
Entertainment

Grammy World Best...

YBNL singer and songwriter, Fireboy is in a happy mood as his recent album appeared in the nominations for the Grammy world best album...
Maryam Umar -
International

Amid World War...

The United Nations (UN) is to mark the 75th anniversary of its founding amid the ruins of World War II with a large online...
Maryam Umar -
Poet's corner

Nigerian Leaders, a...

I Nigerian leaders fail in errors, to build world-class Hospitals, in Nigeria, instead they travel abroad for Medical Checkups. II Nigerian leaders tail in terrors, for better roads, in Nigeria. III Nigerian leaders hail in horrors, for...
Maryam Umar -
Arts, Culture & Tourism

Find Your Forte,...

Find your forte hone and give it, best shot, uplift the world. Find your forte tone and live it, zest slot, uplift the world. Find your forte and tell the world your story, without gory. Find...
Maryam Umar -
Opinion

A glimpse of...

Every 8th of September is an essential day that the whole world celebrates this noble profession that has continued to provide succour, give hope...
Salim Sani -
Poet's corner

The world in...

I The world in breach of the word, by men in lumber, in flaws of laws. II The world in bleach of the cord, by men in number, in claws of paws. III The world in jiggles of ruffles, by...
Maryam Umar -
Local

World Humanitarian Day:...

Story from Beatrice GONDYI, Bauchi Bauchi State's First lady, Hajiya Aisha Bala Mohammed has empowered over 150 women groups and associations with money and other...
Salim Sani -
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