Nigeria gets W’Bank $1.5bn for subsidy removal, tax bills

Nigeria gets W’Bank $1.5bn for subsidy removal, tax bills

he World Bank has fully disbursed a $1.5bn loan to Nigeria following the Federal Government’s implementation of key reforms, including removing fuel subsidies and introducing comprehensive tax policies, The PUNCH reports. The loan, part of the Reforms for Economic Stabilisation to Enable Transformation Development Policy Financing initiative, is among the fastest disbursements Nigeria has received with both tranches released in less than six months. According to a World Bank document , the […]

December 30, 2024 10

NEWS

I brought you back to life politically, Wike slams Odili

The Minister of the Federal Capital Territory, Nyesom Wike, on Sunday, came down hard on ex-Rivers State Governor, Peter Odili, describing him as a rent seeker and an ingrate for siding with incumbent Governor Siminalayi Fubara. Wike was reacting to Odili’s recent remark that Fubara stopped him (Wike) from turning Rivers into his private estate. According to a statement on Sunday by his media aide, Leke Olayinka, Wike spoke at […]

December 30, 2024 22

NEWS

FG sympathises with S’Korea as 179 die in plane crash

The Federal Government on Sunday expressed sympathy with the government and people of South Korea following the tragic crash of Jeju Air Flight 2216. The crash occurred on Sunday, December 29, 2024, when the Boeing 737-800, returning from Bangkok, Thailand, attempted to land at Muan International Airport in southern South Korea. The plane skidded off the runway and collided with a wall, resulting in a fiery explosion. Out of the […]

December 30, 2024 7

NEWS

CBN, SEC approve FCMB Group’s rights offer

The Central Bank of Nigeria and the Securities and Exchange Commission have approved the N147bn rights offer of FCMB Group. This was disclosed in a statement issued on Monday which was signed by the Company Secretary, Olufunmilayo Adedibu. This marked the second approval from the CBN in days on the first tranche of capital-raising exercise of banks this year. It was revealed that the offer was oversubscribed by 33 per […]

December 30, 2024 4

NEWS

Ballon d’Or not my focus, I want to win Premier League – Salah

Mohamed Salah has downplayed personal accolades, insisting his focus remains on winning the Premier League with Liverpool. The Egyptian star, who played a pivotal role in Liverpool’s dominant 5-0 victory over West Ham on Sunday, emphasised the importance of teamwork and humility. “I’m not thinking about the Ballon d’Or. I want to win the Premier League,” Salah told Sky Sports. “I will do my best for the team to win […]

December 30, 2024 7

NEWS

Jimmy Carter a trustworthy, compassionate friend to Nigeria, Tinubu mourns

President Bola Tinubu on Monday extended his condolences to the government and people of the United States of America on the passing of former President Jimmy Carter, who died at the age of 100. Carter, a Nobel peace laureate who rose from humble beginnings in rural Georgia to lead the US from 1977 to 1981, died “peacefully” at his home in Plains, “surrounded by his family,” the Carter Centre said in a […]

December 30, 2024 8

NEWS

Nigeria has no reason to be poor, says Ooni of Ife

The Ooni of Ife, Oba Adeyeye Ogunwusi Ojaja II, has said that there is ‘No reason Nigeria should be a poor Nation.” The monarch also emphasised the untapped potential of cassava derivatives, such as sorbitol, starch, and ethanol, industries worth billions of dollars globally but underutilised in Nigeria. He also praised a farming facility, Agbeyewa Farms, for its transformative efforts in Ekiti North, turning a once insecure area into a […]

December 30, 2024 9

NEWS

Anxiety over Kyari’s tenure as NNPC GMD

There is growing anxiety over the expiration of the tenure of the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, and the possible appointment of a new helmsman to direct the affairs of the oil giant. Some industry watchers believe that the NNPCL boss, who turns 60 on January 8, 2025, may exit the national oil firm, raising concerns about the future leadership of the […]

December 30, 2024 7

NEWS

Stop daydreaming, face reality, APC blasts Kwankwaso

The Kano State chapter of the All Progressives Congress has dismissed claims by former Kano State Governor, Senator Rabiu Kwankwaso, that he would significantly reduce the APC’s votes in the state during the 2027 elections. In a statement on Thursday, the state APC Chairman, Abdullahi Abbas, described Kwankwaso’s assertion as laughable and called on him to focus on reclaiming his membership in the New Nigeria Peoples Party, from which he […]

December 27, 2024 8

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