UPDATED: World Bank okays $1.57bn loan for Nigeria

UPDATED: World Bank okays $1.57bn loan for Nigeria

The World Bank has approved three new loan requests totalling $1.57bn in financing for Nigeria. According to a statement released on Monday, the approval is to support the Federal Government in strengthening human capital through better health for women, children and adolescents. It added that the approved projects would also help build resilience to the effects of climate change, such as floods and drought, by improving dam safety and irrigation. […]

September 30, 2024 7

NEWS

UNGA 79: Tinubu seeks debt forgiveness for Nigeria

President Bola Tinubu has called on world leaders to prioritise debt forgiveness for Nigeria and other developing countries from creditors and multilateral financial institutions. The President also asked the United Nations to commit to multilateralism by deepening relations among member states, in line with the principles of inclusivity, equality and cooperation. Tinubu, who is the Chairman of the Authority of Heads of States and Government of the Economic Community of […]

September 25, 2024 28

BUSINESS

IELPN Maps Out Robust Strategy To Tackle Challenges Bedeviling Education In Nigeria

IELPN Maps Out Robust Strategy To Tackle Challenges Bedeviling Education In Nigeria By Our Reporter The Institute of Educational Leadership Practitioners of Nigeria, says it is mapping out innovative solutions to address the challenges facing the education sector in Nigeria as it calls for papers ahead of this year’s international conference of the institute. This is as the institute is planning to host its annual conference on August 14th and […]

July 18, 2024 63

ENTERTAINMNET

Troubling dreams about Nigeria made us relocate to US — Pastor Sam Adeyemi

Founder and Senior Pastor of Daystar Christian Centre, Sam Adeyemi, has revealed the reasons behind his relocation to the United States. He said this during a virtual interview with Seun Okinbaloye on his programme ‘Mic On’ podcast, where the duo discussed Leadership Beyond Governance Politics and the Role of the Younger Generation in Nigeria. The video, lasting one hour, thirty minutes, and forty-seven seconds, was streamed on the Mic On […]

May 27, 2024 17

BUSINESS

International consumers owe Nigeria $51m for electricity — FG

International consumers failed to remit about $51.26m to Nigeria for electricity exported from Nigeria to the power users in 2023, the Federal Government revealed in the latest industry data showing the non-remittances by the consumers. Also, another group of customers categorised as bilateral power consumers did not remit about N7.61bn to the Nigerian power sector in 2023. The Nigerian Electricity Regulatory Commission condemned the development, describing it as a payment […]

May 27, 2024 13

BUSINESS

Nigeria eyes 10,000MW hydropower for sustainable electricity

While acknowledging the immense potential for hydropower development in Africa, he said it is important to also consider responsible development. He said, “We must address environmental concerns around dam construction and ecosystem disruption, alongside social impacts on local communities. This requires a commitment to sustainability, stakeholder engagement, and innovative solutions to financing these large-scale projects.” The minister previously stated that for several decades, hydropower has played a significant role in […]

May 16, 2024 7

NEWS

Lion’s den: Man shocked by sordid state of University of Nigeria hostel room

An X user Justus, who identifies as LordJustusN on X.com, has expressed dismay over the deplorable state of a hostel, Eni Njọkụ Hostel, in the University of Nigeria, Nsukka. Justus disclosed that he had visited the hostel to inspect the room his cousin was assigned to, only to be met with appalling conditions. Sharing a video, he wrote, “My cousin is supposed to resume school at the University of Nigeria, […]

May 8, 2024 14

POLITICS

Nigeria will change after eight years, support Tinubu before we die – Billionaire, Arthur Eze

Billionaire, Arthur Eze, has urged Nigerians to support President Bola Tinubu while praising his inclusive approach to governance. He made the remarks in a video widely shared on social media, which showed him donating N20m to a church. Eze said, “Tinubu has no boundary. If you go to Abuja, you will see Wike, an Igbo man as a minister. Umahi is Igbo man, as minister. No boundaries. All the types […]

May 6, 2024 4

NEWS

WORLD PRESS FREEDOM DAY 2024: NHRC Vows To Uphold Protection Of Press Freedom In Nigeria

By Toffa Momoh, Abuja The National Human Rights Commission, NHRC, has assured Nigerians of the promotion and protection of their fundamental human rights including right to freedom of expression and the press in all circumstances. In a statement signed by the NHRC'sDirector of Corporate Affairs and External Linkages, Obinna Nwakonye, marking the 2024 World Press Freedom Day, the Executive Secretary of the NHRC, Tony Ojukwu, SAN, reaffirmed the commitment of […]

May 3, 2024 43

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