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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 -
Opinion

Kano Durbar: From...

Kano Durbar: From UNESCO to the World!, by Salim Yunusa The formal inscription of the annual Kano Durbar by the United Nations Educational, Scientific, and...
Maryam Umar -
International

From China to...

From China to Israel, world leaders race to congratulate Trump on election victory World leaders have already started applauding Donald Trump as he claimed a...
Maryam Umar -
News

‘Probe $1.5bn World...

‘Probe $1.5bn World bank loan to states, $3bn Chinese Loan’, SERAP urges Tinubu The Socio-Economic Rights and Accountability Project (SERAP) has called on President Bola...
Maryam Umar -
Article

15 Most Stunning...

15 Most Stunning Women in the World: A celebration of beauty It's undeniable that beauty is a universal language, transcending borders and cultures. Compiling a...
Neptune Prime -
News

Usyk beats Tyson...

Usyk beats Tyson Fury to become 1st undisputed world heavyweight champion in 24 years Oleksandr Usyk has made history by defeating Tyson Fury to become...
Neptune Prime -
Facts

Miscellaneous fact: The...

Miscellaneous fact: The surprising origin of the word 'Dude' Did you know the surprising origin of the word 'Dude'?, in the lexicon of modern slang,...
Neptune Prime -
News

World reactions to...

World reactions to Iran strikes on Israel Countries around the world condemned Iran’s strikes on Israel late Saturday, warning the attack threatened to further destabilise...
Neptune Prime -
Article

Exploring the Real...

Exploring the Real Meaning of Valentine's Day: finding love in today’s world The Origin Valentine's Day has changed a lot over the years. It started from...
Neptune Prime -
Sports

Nigeria’s Aruna Quadri...

Nigeria's Aruna Quadri loses to Zhendong Fan in world table tennis finals Nigeria's top table tennis player, Quadri Aruna, has been eliminated from the World...
Salim Sani -
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