19 Jan, 2026
3 mins read

Nigeria secures World Bank’s approval for $2.25 billion loan to boost reforms

The World Bank has announced the approval of two significant financial operations aimed at bolstering Nigeria’s economic stability and supporting its vulnerable populations.  According to a statement from the bank on Thursday, the combined package, totalling $2.25 billion, comprises the $1.5 billion Nigeria Reforms for Economic Stabilization to Enable Transformation (RESET) Development Policy Financing Program […]

3 mins read

Reps panel recommends acquisition of new aircraft for Tinubu, Shettima

The house of representatives committee on national security and intelligence has asked the federal government to purchase new aircraft for President Bola Tinubu and Vice-President Kashim Shettima. The committee’s recommendation is contained in a report released after its investigation on the status of the aircraft in the presidential air fleet. “The committee is of the […]

1 min read

Permanent Secretary of Foreign Affairs Suspended Over Sexual Harassment Allegations

The Permanent Secretary of the Ministry of Foreign Affairs, Ambassador Ibrahim Adamu Lamuwa, has been suspended pending the outcome of an investigation into allegations of sexual harassment made against him. The investigation was set up by the Head of Service, Folashade Yemi-Esan, following a petition submitted by a staff member, Simisola Ajayi, on behalf of […]

1 min read

Student loan: NELFUND to publish institutions with complete data June 24

The Nigerian Education Loan Fund (NELFUND) has announced that it will publish the full list of institutions that have submitted their complete student data on June 24, 2024. This move aims to ensure transparency and encourage participation in the scheme by both undergraduate applicants and tertiary institutions. According to NELFUND, many federal institutions have already […]

1 min read

EU fines Hungary €200m for breaching asylum laws

The EU’s top court fined Hungary 200 million euros ($216 million) and imposed a daily one-million-euro penalty for failing to follow the bloc’s asylum laws and illegally deporting migrants. The fine and penalty were because Budapest “is deliberately evading” compliance with the European Union laws despite a 2020 ruling that it must uphold international procedures […]

4 mins read

Minimum wage: FG warns of mass sacking as Labour disowns agreement

The Federal Government on Wednesday admonished organised Labour to consider the broader economic implications of its push for an unrealistic higher national minimum wage. The Minister of Information and National Orientation, Mohammed Idris, who handed down the admonition, hinted that the N250,000 minimum wage demanded by labour could undermine the economy, lead to mass retrenchment […]