The World Bank has clarified that the planned $10.50m financing to the Central Bank of Nigeria is a grant, not a loan. According to a source at the World Bank who spoke to our correspondent under the condition of anonymity on Friday, the amount is being provided under the Finance for Development Multi-Donor Trust Fund as…
Nigeria’s total public debt rose to N144.67tn ($94.23bn) as of December 31, 2024, representing a 48.58 per cent increase compared to N97.34tn ($108.23bn) recorded at the end of December 2023. The Debt Management Office disclosed this in its latest report on the country’s public debt profile. The report also revealed a quarter-on-quarter rise of 1.65 per…
The Nigerian Bar Association has waded into the lingering case involving 15 former domestic workers of ex-first lady, Dame Patience Jonathan, who have remained in detention for six years over alleged theft of jewellery and other valuables. A top official of the association said the NBA was also engaging with Mrs Jonathan to resolve the matter. Our…
The 2023 presidential candidates of the Peoples Democratic Party, Atiku Abubakar, Labour Party’s Peter Obi, and the National Secretary of the Coalition of United Political Parties, Peter Ahmeh, have called for electoral reform ahead of the 2027 elections. They said electoral reform was a crucial element that would aid the ongoing national coalition negotiations in achieving…
Huawei Nigeria Digital Power has introduced an innovative product, the LUNA2000-215 Series, the world’s first hybrid air and liquid cooling commercial and industrial energy storage solution. The launch, which took place at an event attended by industry partners and key stakeholders from the C&I energy sector, marked a significant milestone in the region’s energy landscape….
Arsenal’s small remaining hope of a first Premier League title for 21 years was further diminished after a 1-1 draw at Everton on Saturday. Leandro Trossard’s opener for the Gunners was cancelled out by Iliman Ndiaye’s penalty to leave Arsenal still 11 points behind Liverpool, who have a game in hand. The Reds now need…
As the Premier League heads into another crucial weekend, managers across several clubs have provided injury updates, with some key players set to miss out due to ongoing fitness issues. Nottingham Forest boss Nuno Espirito Santo confirmed that defender Ola Aina is set for a spell on the sidelines after a calf injury. “So we…
As the coronation of the 46th Alaafin of Oyo, Oba Akeem Owoade, takes place on Saturday, April 5, 2025, the Oyo State government has put in place heightened security measures, including the deployment of security operatives at strategic locations within the ancient city and surrounding communities. Oba Owoade, who was presented with the staff of…
Kevin De Bruyne has announced that he will leave Manchester City at the end of the current season, bringing an end to a decade-long spell at the club that has seen him win every major trophy available. In an open letter to fans via his social media on Friday, the Belgian midfielder confirmed that these…
South Africa called Friday for the reform and reinforcement of the World Trade Organization after US President Donald Trump imposed sweeping tariffs, saying all nations need to abide by the rules of global trade. The tariffs, including 31 percent on US imports from South Africa, “will significantly disrupt trade across the board”, Trade Minister Parks…
