Author: Ifetayo Adeniyi

FG eyes six loans as Nigeria’s W’Bank debt may hit $9.2bn World Bank FG eyes six loans as Nigeria’s W’Bank debt may hit $9.2bn The Federal Government is set to secure six new loans totalling $2.23bn from the World Bank in 2025 as the international financial institution continues to support the country’s economic and structural reforms. Data from the World Bank’s official website indicates that this will bring Nigeria’s total approved loans to $9.25bn over three years, reflecting a growing reliance on multilateral funding to support critical sectors of the economy, including infrastructure, healthcare, education, and economic resilience. An analysis…

NAHCON enrolls Islamic banks for Hajj savings scheme NAHCON logo NAHCON enrolls Islamic banks for Hajj savings scheme The National Hajj Commission of Nigeria has approved four banks to support and implement the Hajj Savings Scheme. An official in the Information and Publications Division of NAHCON, Abdulbasit Abba, announced the development in a statement in Abuja on Tuesday. Abba stated, “A significant milestone for the Hajj Savings Scheme, three new Islamic banks—Taj Bank, Alternative Bank, and Lotus Bank—have officially joined the initiative to support Nigerian pilgrims. “These banks will operate alongside Ja’iz Bank, bringing the total number of participating financial…

FG, Lagos-Calabar highway, signs deal to attract foreign investments FG, Lagos-Calabar highway, signs deal to attract foreign investments. The Federal Government, through the Ministry of Works, has signed the Engineering, Procurement, Construction, and Finance contract for the Lagos-Calabar Coastal Highway Project with Messrs. Hitech Construction Company Nig. Ltd. This contract allows the contractor, in collaboration with the Federal Ministry of Finance, to secure foreign investment for the project, a statement by the works minister’s Special Adviser on Media, Uchenna Orji, stated on Tuesday. He said the agreement is in accordance with the Renewed Hope administration’s roadmap to securing sustainable funding…

Rep member, Okafor not giving up Christ for worldliness Chike Okafor Rep member, Okafor not giving up Christ for worldliness Rep member, Okafor not giving up Christ for worldliness. The member of the House of Representatives representing Okigwe South federal constituency, Chike Okafor has promised not to trade his salvation in Jesus Christ with anything that doesn’t give God glory. He insisted that he does not belong to any deadly and dreaded cult as about to be bandied about by some people who are hell-bent on blackmailing him. In a statement released by his Media Office, Okafor asserted that he…

Remi Tinubu inaugurates campaign to prevent HIV in mothers, offsprings Senator Oluremi Tinubu Remi Tinubu inaugurates campaign to prevent HIV in mothers, children Nigeria’s First Lady, Senator Oluremi Tinubu, has launched the ‘Free to Shine’ campaign, a nationwide initiative aimed at reducing new HIV infections among women of reproductive age and preventing mother-to-child transmission. Speaking at the flag-off of the Organisation of African First Ladies for Development’s ‘Free to Shine’ campaign in the North-West zone in Kaduna on Tuesday, Mrs Tinubu emphasised the importance of the initiative, stating that Nigeria has the highest burden of HIV/AIDS in Sub-Saharan Africa. According…

FG Launches AI Training for 6000 SSS Teachers Nationwide Olatunji Alausa FG Launches AI Training for 6,000 SSS Teachers Nationwide • Aims at enhancement of teaching methods and empowering educators with the skills to bring technology-driven changes in students. The Federal Government of Nigeria has launched an Artificial Intelligence training programme to equip 6,000 selected senior secondary school teachers across the 36 states and the Federal Capital Territory. The initiative, organised by the National Senior Secondary Education Commission seeks to integrate AI into the educational system, enhancing teaching methods and empowering educators with the skills to prepare students for a…

Transcorp Power reports 115% revenue growth, N80bn profit in 2024 Managing Director/Chief Executive Officer of Transcorp Power Plc, Peter Ikenga Transcorp Power Plc has declared a revenue growth of 115 per cent in 2024, amounting to N305.9 billion and an operating profit after tax of N80.01 billion. The Chairman, Board of Directors, Transcorp Power Plc, Mr Emmanuel Nnorom, disclosed this on Tuesday in Abuja, at the companies’ Annual General Meeting. Nnorom said that the financial performance was an improvement of the previous year (2023) when the company generated N141 billion in revenue and a profit after tax of N30.2 billion.…

NNPC Shipping, partners launch joint venture to strengthen crude transport NNPC Shipping, partners launch joint venture to strengthen crude transport The Nigerian National Petroleum Company Shipping, Stena Bulk, and Caverton Marine Limited have announced the signing of a new joint venture that will transform Nigerian maritime transportation. The partnership will focus on developing and operating tankers to efficiently transport crude oil across Nigeria and West Africa, reducing reliance on foreign vessels. A statement by the Chief Corporate Communications Officer NNPC Ltd, Olufemi Soneye, on Tuesday, said the agreement, signed in London last week, aims to create a new tanker operation…

IBB, not Tinubu’s tormentor, but inspiration – Onanuga President Bola Tinubu IBB, not Tinubu’s tormentor, but inspiration – Onanuga. The Special Adviser to President Bola Tinubu on Information and Strategy, Bayo Onanuga, has dismissed former Vice President Yemi Osinbajo’s claim that former military President, Ibrahim Babangida, was among those who tormented Tinubu during the military era. Osinbajo had made the remark while reviewing Babangida’s autobiography, A Journey in Service, at its public presentation in Abuja last week. He recalled how Tinubu, then a senator, resisted the military’s dissolution of the Senate following the annulment of the June 12, 1993, presidential…

UK, Nigeria detached from visa-free entry US 2025 UK, Nigeria detached from visa-free entry US 2025 The United States has released the list of eligible countries for its 2025 Visa Waiver Programme (VWP), with notable updates. While the United Kingdom has been excluded from general eligibility, it remains eligible under specific conditions. Significantly, no African countries, including Nigeria, Ghana, or South Africa, were included in the list. A major highlight of the updated list is the addition of Romania, reflecting the US government’s focus on strengthening diplomatic ties and prioritising countries with strong border security standards. According to the US…