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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 -
Poet's corner

COVID-19, a poem...

I Covid-19, a huge spell, from the hell, what a world, full of reeds, sown by men, helter-skelters, a whole array, in disarrays. II Covid-19, a gruesome fell, from the cell, what a world, gull of needs, grown by men, hurly-burlies, a...
Maryam Umar -
Education

Iran universities ranked...

Iran ranks first in terms of the number of universities in the region and among Islamic countries, according to Shanghai Ranking’s Academic Ranking of...
Neptune Prime -
Africa

5 colonial-era battles...

While the rest of Africa was under colonial rule after the infamous partition by European powers at the Berlin Conference of 1884, Ethiopia was a sovereign...
Salim Sani -
International

Zidane named world...

Real Madrid boss, Zinedine Zidane, has been voted the best manager in the world by French newspaper L’Equipe, beating Jurgen Klopp and Pep Guardiola...
Neptune Prime -
Business & Economy

Amazon founder, Jeff...

Jeff Bezos added $13 billion to his net worth on Monday, July 20, the largest single-day jump for an individual since the Bloomberg Billionaires...
Salim Sani -
International

Nigeria to rule...

The study says the number of children under five is forecast to decline by more than 40% Earth will be home to 8.8 billion people...
Neptune Prime -
Health

World risks virus...

The United Nations Office on Drug and Crime (UNODC) says that the World risks another virus of the magnitude of COVID-19 if the trafficking,...
Maryam Umar -
Arts, Culture & Tourism

Islamic civilization in...

We are all familiar with names of Western explorers like Marco Polo, Ferdinand Magellan, Vasco da Gama, Columbus and others who have put their...
Aisha Auyo -
International

The story of...

A Private Matter Once Lina Medina’s pregnancy became generally known, it caused garnered attention from all over the world. Newspapers in Peru unsuccessfully offered the Medina...
Aisha Auyo -
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