The World Bank has announced that it has approved an additional $1.57 billion loan to the Nigerian government.In a statement released on Monday, the World Bank said the loan is to fund three projects and to support the Federal Government ‘in strengthening human capital through better health for women, children and adolescents.’The Washington-based bank said the approved projects would also help build resilience to the effects of climate change such…

With the insistence of the organizers of the #FearlessOctober1 protest to go ahead with the demonstration despite appeals for calm by the government and other notable stakeholders, the Nigeria Police Force said they have emplaced personnel and machinery at strategic flashpoints across the country. In Ogun State, Abiodun Alamutu, the Commissioner of Police, said on Sunday that the command would massively deploy its operatives to flashpoints and vulnerable areas across…

In the continuation of its attack on Lebanon, the Israel Defence Forces (IDF) have eliminated yet another senior Hezbollah member, with the killing of intelligence array terrorist, Hassan Khalil Yassin. According to a report by the Jerusalem Post, the IDF took out Yassin in a precision strike in the Dahieh district in Beirut on Saturday. The IDF statement said, “Yassin stood at the head of a department responsible for the…

Seventeen state governors have raised committees to implement the N70,000 new minimum wage for workers nationwide. The states involved include Ogun, Ekiti, Sokoto, Kebbi, Osun, Enugu, Borno, Zamfara, Kogi, Kwara, Gombe, Kano, Taraba, Delta, Rivers, Jigawa, and Abia. This development coincides with the Federal Government’s recent initiation of payments for the new minimum wage to its 1.2 million employees, starting last Thursday. The Accountant General of the Federation, Oluwatoyin Madein,…

The Central Bank of Nigeria (CBN) has announced a substantial increase in credit to the Federal Government, which surged by N11.33 trillion, or 57.11%, in August, bringing the total to N31.15 trillion from N19.83 trillion in July. This rise is detailed in the latest Money and Credit Statistics released by the CBN, highlighting a trend of fluctuating borrowing across the three tiers of government in recent months. In June, the…

The Bank of Industry (BoI) has underscored the urgent need for Nigeria to enhance its production capacity in order to achieve a one trillion-dollar economy by 2026. This assertion was made by Isa Omagu, Divisional Head of Services at BoI, during the 2024 annual conference of the Finance Correspondents Association of Nigeria, themed “Nigeria’s Journey Towards a $1 Trillion Economy: Impact of Banks’ Re-capitalisation, Opportunities for Fintechs and Real Sector.”…

The Federal Government is accelerating its efforts to implement e-government systems aimed at enhancing productivity and providing more accessible services to citizens. This initiative was a focal point at the recent e-Government Summit held in Lagos, where officials from the Nigerian Communications Commission (NCC), the National Information Technology Development Agency (NITDA), and industry experts discussed the critical need for improved connectivity to bolster governance. The renewed commitment to e-government comes…

The Federal Government has reaffirmed its dedication to supporting micro, small, and medium enterprises (MSMEs) through a series of tax incentives designed to foster growth and sustainability within the sector. This commitment was articulated by Zacch Adedeji, Executive Chairman of the Federal Inland Revenue Service (FIRS), at the inaugural MSME Finance Awards organized by The Economic Forum Series in collaboration with Nairametrics and DigiComm Enterprise. Represented by his special adviser,…

Beirut, Lebanon- Prime Minister Najib Mikati has raised alarms over the escalating humanitarian crisis in Lebanon, revealing that recent Israeli attacks may have displaced up to one million people. This alarming figure represents roughly one-sixth of Lebanon’s total population and marks the country’s worst displacement crisis in decades. The situation has intensified following the death of Hezbollah leader Hassan Nasrallah, which has exacerbated fears of further regional instability. In his…

Rights activist Deji Adeyanju has issued a stark warning ahead of the planned October 1 protests, suggesting that the government may resort to forceful measures to suppress dissent. Drawing parallels to previous violent crackdowns, Adeyanju urged Nigerians to remain resolute in their demonstrations against the prevailing economic hardships and rampant corruption plaguing the nation. In a statement released on social media, Adeyanju emphasized the critical need for citizens to assert…

The Minister of State for Petroleum, Heineken Lokpobiri, has credited the Federal Capital Territory (FCT) minister and former governor of Rivers State, Nyesom Wike with playing a pivotal role in his appointment to the federal cabinet.Lokpobiri spoke at an event organized in honour of Wike by the Ijaw Peoples Congress (IPC) in Port Harcourt, Rivers State capital, where he emphasized the importance of political alliances and support networks in achieving…

The Nigerian writer, Activist, and Social media influencer, Reno Omokri has reacted to the critics following a luxurious Rolls Royce Cullinan and N1bn donation that were received by the General overseer of the Living Faith Church (Winners Chapel), Pastor David Oyedepo who marked his 70th birthday yesterday the 28th of September 2024. The gift is said to have been given to Oyedepo by his loved ones to appreciate him for…