The World Bank has issued a statement clarifying that the $10.5 million allocated to the Central Bank of Nigeria (CBN) is a grant, not a loan. This clarification comes after initial reports suggested that Nigeria had approached the World Bank for a loan to enhance the CBN’s technical capacity and modernize the country’s domestic payment
In a significant development that has raised eyebrows across Nigeria’s political landscape, a delegation of suspended lawmakers known for their allegiance to former Rivers State Governor and current Federal Minister of the Federal Capital Territory, Nyesom Wike, has departed for the United Kingdom on what sources describe as a “legislative exchange programme.” The controversial foreign
Political tensions have emerged within ruling party circles as influential North Central stakeholders have reportedly called on President Bola Ahmed Tinubu to consider a new running mate for the 2027 presidential election, suggesting Vice President Kashim Shettima be replaced with a candidate from their geopolitical zone. The development, which signals early political realignments ahead of
The Federal Government of Nigeria is currently vetting a list of nominees for diplomatic positions in its extensive network of missions abroad. Among those being screened are prominent figures such as Femi Fani-Kayode, a former Minister of Aviation under the Obasanjo administration, and Femi Pedro, a former Deputy Governor of Lagos State. This process is
The Edo State Government has launched an initiative to rectify the alleged transfer of oil wells from the Orogho community in Orhionmwon Local Government Area to neighboring Delta State. This move comes after long-standing concerns over the ceding of these oil wells, which have been operated by Seplat Energy PLC. Led by Deputy Governor Dennis
The All Progressives Congress (APC) has addressed recent rumors suggesting that President Bola Tinubu is planning to “dump” Vice President Kashim Shettima in the 2027 election. These speculations have sparked debates and raised concerns among party members and political observers. In a statement released to the media, the APC dismissed the claims, reaffirming the party’s
There has been widespread speculation surrounding the resignation of the Acting National Chairman of the Peoples Democratic Party (PDP), Umar Damagum. Reports recently circulated suggesting that Damagum had stepped down from his position, sparking reactions across social media and the political landscape. However, recent developments have cleared up the confusion. According to sources within the
President Bola Ahmed Tinubu has appointed a new Managing Director for the Ajaokuta Steel Company, a key move aimed at revitalizing Nigeria’s steel sector. The appointment, which was made public on [Date], is part of the administration’s broader efforts to revamp strategic industries and boost the country’s industrial capacity. The new Managing Director is expected
The Nasarawa State Government has launched a comprehensive capacity building program to equip its civil servants with specialized knowledge in Public-Private Partnerships (PPPs), as part of strategic efforts to bridge the state’s widening infrastructure gap.During the opening ceremony of the three-day workshop held in Lafia yesterday, senior government officials emphasized that the initiative represents a
Ahead of the All Progressives Congress (APC) governorship primary election for Anambra State, scheduled for Saturday, Chukwuma Umeoji has announced his decision to step down from the race. His withdrawal leaves six remaining aspirants in the contest for the party’s ticket. The Independent National Electoral Commission (INEC) had earlier set the dates for the APC
