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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 -
Nation

Pele is gone...

Pele is gone but the world will never forget him - PMB President Muhammadu Buhari has joined the rest of the world leaders in mourning...
Maryam Umar -
Sports

World Cup 2022:...

World Cup 2022: Cameroon become first African nation to beat Brazil but eliminated from knockout stage Cameroon defeated a second-string Brazil team 1-0 in their...
Gift Luckson -
International

World’s population hits...

World’s population hits 8 billion – UN The world’s population has reached eight (8) billion people, the United Nations (UN) has said, warning of more...
Salim Sani -
International

UN adopts November...

UN adopts November 18 as World Day for Child Abuse Prevention The United Nations (UN) member states have agreed to make November 18 the World...
Maryam Umar -
International

World dirtiest man,...

World dirtiest man, Amou Haji, dies at 94 An Iranian man, Amou Haji, nicknamed the “dirtiest man in the world” for not taking a shower...
Maryam Umar -
International

Guinness World Records...

Guinness World Records names Monday worst day of the week The world’s authority on record-breaking achievements since 1955, Guinness World Records (GWR), has officially named...
Maryam Umar -
News

8.4 million people...

8.4 million people needs humanitarian aid with 2.2 displaced in Borno, Adamawa, Yobe – NGO A Non-Governmental Organisation (NGO), Christian Aid UK in Nigeria, on...
Gift Luckson -
Agriculture

World Bank approves...

World Bank approves $5.9 million for take-off of ACReSAL project in Bauchi The World Bank has approved the sum of $5.9 million for the take-off of...
Gift Luckson -
International

World Peace Organisation...

World Peace Organisation set to honour deserving Nigerians Story from Abah ADAH, Abuja All is now set for the World Peace Organisation (WPO) to honour Nigerians...
Maryam Umar -
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