World Bank to Decide on $1.65bn Loans for Nigeria in 2025
The World Bank is set to decide on three major loan projects for Nigeria in 2025, totaling $1.65 billion, to tackle critical developmental challenges including support for internally displaced persons, education, and nutrition enhancement. The projects include the Solutions for the Internally Displaced and Host Communities Project ($300m), HOPE for Quality Basic Education for All […]
UNIZIK Lecturer shot dead in Car-Snatching Incident
A lecturer at Nnamdi Azikiwe University (UNIZIK), Awka, Dr. Fabian Osita, was shot dead on Monday night by suspected car-snatchers near the high-tension area in Aroma, Anambra State. The incident occurred around 7:30 p.m. as the assailants reportedly double-crossed Osita while he was driving home in his Toyota Corolla. He was shot in the head […]
Nigeria Ranks Sixth Globally in Suicide Rates – Prof. Adesanmi
A Consultant Psychiatrist and Professor at Obafemi Awolowo University, Ile-Ife, Prof. Adesanmi Akinsulore, has revealed that Nigeria ranks sixth globally for the highest suicide rates. He disclosed that men account for 79% of suicides, while women experience higher rates of suicidal thoughts, emphasizing the need for urgent, collective efforts to tackle the crisis, particularly among […]
Moghalu: Badenoch’s Identity Debate Is Relevant to Nigeria’s Progress
Nigerian economist and former presidential candidate Kingsley Moghalu has weighed in on the ongoing debate surrounding Kemi Badenoch, the British politician of Nigerian descent whose recent remarks about her Nigerian roots have sparked controversy. In a statement shared via X on Sunday, Moghalu dismissed the significance of the discourse surrounding Badenoch’s identity, stating, “Even if […]
Tinubu’s 2025 Budget Presentation Rescheduled to December 18
President Bola Tinubu’s N47.9tn 2025 budget presentation to the National Assembly, initially set for Tuesday, December 17, has been postponed to Wednesday, December 18. A source within the National Assembly confirmed the change, with an official announcement expected shortly. Senate President Godswill Akpabio had earlier announced at Thursday’s plenary that the presentation would occur on […]
Czech billionaire Kretinsky takes over Royal Mail in £3.6 billion deal
Britain’s Royal Mail set for foreign ownership as Czech billionaire Kretinsky’s EP Group takes overDeal valued at £3.6 billion ($4.5 billion) ensures Royal Mail remains headquartered in Britain and retains jobsGovernment to maintain a “golden share” with veto power over headquarters relocation and tax residency changesEP Group, which already holds a near 28% stake, promises […]
‘It’s senseless,’ Yahaya Bello denies threatening President Tinubu
The immediate past Governor of Kogi State, Yahaya Bello, has strongly refuted claims linking him to an alleged attack on President Bola Tinubu, calling the report by the online medium Daily Excessive “senseless” and “mischievous.” Through his Director of Media, Ohiare Michael, Bello described the publication as a desperate plot by irresponsible politicians aimed at […]
Dangote Refinery Begins Exporting Petrol to 3 African Countries
The Dangote Refinery has commenced the export of Premium Motor Spirit (petrol) to Cameroon, Ghana, Angola, and South Africa, with diesel and jet fuel reaching international markets, including Europe. This was disclosed by Devakumar Edwin, Vice President of Oil and Gas at Dangote Industries Limited, during a visit by Japan’s Ambassador-designate to Nigeria, Suzuki Hideo, […]
Banks Blame CBN for Worsening Cash Shortage
The Association of Senior Staff of Banks, Insurance, and Financial Institutions (ASSBIFI) has blamed the Central Bank of Nigeria (CBN) for the worsening cash shortage across the country. ASSBIFI President Olusoji Oluwole highlighted that the CBN’s failure to meet the cash demands of commercial banks, combined with retailers profiting from cash sales, has exacerbated the […]
Tinubu attracted $1bn to our free zones – OGFZA CEO
President Bola Ahmed Tinubu’s push for alternative energy sources has drawn over $1 billion in Foreign Direct Investments (FDI) into Nigeria’s Oil and Gas Free Zone Authority’s (OGFZA) Liberty Oil and Gas Free Zone in Akwa Ibom State within the last 17 months, according to OGFZA CEO Bamanga Jada. At a sensitization program on compressed […]
