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NEWS

Nigeria, China plan collaboration on military training, arms production

China announces CN¥1bn grant for Nigeria, others, to train over 7,000 military personnel The Federal Government says it is deepening its security partnership with the People’s Republic of China for local arms production and military training. It says this forms part of its broader strategy to tackle terrorism and other forms of insecurity within and outside its borders. Nigeria’s Minister of Foreign Affairs, Yusuf Tuggar, stated this when he briefed […]

todayJanuary 10, 2025 17

NEWS

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 […]

todayDecember 30, 2024 15

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 […]

todayDecember 30, 2024 13

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 […]

todayDecember 30, 2024 14

NEWS

Nigeria, others lose $1.6bn daily to illicit flows – AfDB

The African Development Bank has revealed that the continent loses about $1.6bn every day to illicit financial flows and profit shifting on the part of multinationals operating in Africa. This was disclosed by the Chief Economist of AfDB, Kevin Urama, in an exclusive interview According to the International Monetary Fund, illicit financial flows refer to the movement of money across borders that is illegal in its source (e.g. corruption, smuggling), […]

todayDecember 27, 2024 11

NEWS

World Bank may approve $500m loan to Nigeria today

The Board of the World Bank Group is expected to meet and decide on approving a $500m loan to Nigeria today (Friday) to boost rural access and agricultural marketing in the country, The PUNCH reports. According to information obtained from the Washington-based institution on Thursday, the loan is for the Rural Access and Agricultural Marketing Project—Scale Up. It is designed to bridge the gap between rural communities and the broader […]

todayDecember 13, 2024 14

NEWS

Lakurawa: Nigeria, neighbours begin offensive against new terror group

•DHQ vows to block security gaps as Nigeria, Chad, Niger hold joint military operations The Nigerian Army and their counterparts in Chad, Niger, and other neighbouring countries have commenced joint patrols to contain cross-border threats posed by the Lakurawa terrorist group, fresh findings The collaborative effort aims to restrict the movement of the group, which has been linked to heinous criminal activities in the northern part of Nigeria and its […]

todayDecember 9, 2024 9

NEWS

No leader can fix Nigeria with 1999 constitution – Anyaoku

Former Commonwealth Secretary-General, Chief Emeka Anyaoku, on Wednesday, warned that if Nigeria refused to do away with the 1999 Constitution, it would be hard for anyone to fix the country. He described Nigeria as a pluralistic country that needed to address its diversity with true federal constitutions. “To those who think that the trouble with Nigeria today is the political leadership, I would say that as long as we have […]

todayNovember 14, 2024 16

NEWS

Nigeria ranks fifth globally in daily social media usage

Nigerians rank among the world’s top social media users, with 2024 data placing the country fifth globally for average daily time spent online. According to figures from Cable.co.uk and We Are Social in 2024, posted by World of Statistics on X on Sunday, Nigerians spend an average of 3 hours and 23 minutes per day on social media. Leading the list is Kenya, where people spend the most time on […]

todayNovember 4, 2024 31

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