Category: News

FG Approves $1bn AfDB Loan, Sets N2trn Borrowing Limit For Finance Ministry

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, announced that the Federal Executive Council (FEC) has approved a concessionary budget support loan of $1 billion from the African Development Bank (AfDB).  Edun disclosed this after the FEC meeting presided over by President Bola Tinubu. The council also approved an inherited loan […]

Tinubu Renews Mele Kyari’s Appointment As NNPCL CEO

President Bola Tinubu has reappointed Malam Mele Kyari as the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL).  The announcement, made by Presidential spokesman Ajuri Ngelale on Monday, indicates that the appointment will be effective from Friday, December 1, 2023. President Tinubu also named the management team of the corporation, with […]

COP28: UAE Planned To Use Climate Talks To Make Oil Deals

The United Arab Emirates planned to use its role as the host of UN climate talks as an opportunity to strike oil and gas deals, the BBC has learned. Leaked briefing documents reveal plans to discuss fossil fuel deals with 15 nations. The UN body responsible for the COP28 summit told the BBC hosts were […]

Vermont: Three Palestinian Students Shot Near US Campus

The families of three Palestinian students shot on Saturday in the US state of Vermont have urged police to investigate the attack as a hate crime. Hisham Awartani, Tahseen Ahmed and Kinnan Abdalhamid were confronted and shot by a man near University of Vermont Campus, Burlington police said. Officers are investigating a possible motive, but […]

Avigail Idan: Four-year-old Girl Among Released Hostages

A four-year-old Israeli-American girl who was kidnapped by Hamas during its 7 October attack in southern Israel was among the 17 hostages released by the group on Sunday. Avigail Idan was just three at the time she was taken hostage from her home, where her parents were attacked and killed by Hamas gunmen. She turned four […]

FG, Philanthropic Organizations to Raise $200m for Job Creation, MSME Support

The Nigerian government is initiating plans to raise $200 million from philanthropic organizations, aiming to bolster job creation and provide support to Micro, Small, and Medium Enterprises (MSMEs). Temitola Adekunle-Johnson, the Senior Special Assistant to the President on MSMEs and Job Creation, announced that the funds will be allocated to various programs and projects in […]

CSO Advocates For Covert Intelligence Efforts Against Terrorism Financing

The Civil Society Groups for Good Governance (CSGGG) has issued a call for strategic intelligence gathering and increased collaboration among security agencies in Nigeria to combat alleged collusion in terrorism financing.  General Christopher Musa, the Chief of Defence Staff, previously revealed that some Boko Haram terrorists in the North-East were orchestrating attacks in collaboration with […]

Civil Society Group Urge EFCC To Pursue Individuals Facilitating Corruption

The Association of Civil Society and Public Interest Organisation in Nigeria (CCSPION) has urged the Economic and Financial Crimes Commission (EFCC) to enhance its efforts in investigating and apprehending individuals involved in facilitating corruption. The group emphasized that addressing corruption requires a comprehensive strategy that involves targeting both the actual perpetrators and those who support […]

Rising Consumer Loans In Nigeria Amid Economic Hardships

Consumer loans taken by bank customers surged by 34% year-on-year to N2.64 trillion in the first half of 2023, reflecting a growing reliance on borrowing by households grappling with the escalating cost of living.  The National Bureau of Statistics reported a 10th consecutive month rise in inflation to 27.33% for October 2023, with food inflation […]