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World Bank Gives Nigeria $3BN Loan For Electricity Project

The World Bank has agreed to give Nigeria a $3 billion loan for the expansion of the transmission and distribution facilities of the power sector, Minister of Finance, Zainab Ahmed, has revealed The Cable News NG reports. According to her, the loan would be disbursed in four tranches of $750m each beginning from next year... Continue Reading →

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Buhari Govt Has Been Paying N5,000 Monthly to Poor Nigerians – FG.

Maryam Uwais, the Special Adviser to the President on Social Investments, says 620,947 poor and vulnerable Nigerians are benefiting from the National Cash Transfer initiative. News reports from The Sun News Online say Uwais, in a statement on Saturday in Abuja, said that reports claiming that 6.6 million poor and vulnerable Nigerians were benefiting from... Continue Reading →

Second Niger Bridge Construction Stopped As Host Communities Demand For “Entitlements”

Work stopped at the site because communities are demanding projects worth N500 million, while workers are seeking promotion and increase in allowances. The Controller, Federal Ministry of Works in Anambra State, Adeyemo Ajani, has said the second Niger bridge may suffer a serious setback if the government does not intervene urgently in the crisis between... Continue Reading →

National ID Card Renewal To Cost N3,000 & Replacement to costs N5,000 – NIMC Discloses

The National Identity Management Commission has announced that the renewal of the National Identity Card will cost three thousand Naira (N3,000) payable through remita. And replacement, if lost or damaged will costs five thousand Naira (N5,000). This was disclosed by its twitter handle (@nimc_ng) Pulse NG reports. The tweet also explained that the main focus of... Continue Reading →

Shortage Of Funds Makes Nigerian Govt Stopped States From Rehabilitating Federal Roads – Fayemi

The Governor of Ekiti State, Governor Kayode Fayemi, has said the shortage of funds forced the federal government to stop states from rehabilitating Federal roads. Fayemi gave the clarification in Ado Ekiti on Tuesday at a colloquium tagged: ‘Building a Sustainable Economy Through Values Orientation and Innovative Thinking’, marking the first year of his second... Continue Reading →

Niger Republic Alerts Federal Government Of $1.7m (N610m) Cash In Maina’s Niamey Home

The Nigerian government has been alerted by Nigerien authorities over $1.7m cash found in an apartment believed to be owned by arrested former Chairman of the Pension Reform Task Team, Abdulrasheed Maina. Maina who sneaked into the country from Dubai to avoid getting arrested is under investigation for alleged mismanagement of over N24billion pension funds... Continue Reading →

International NGOs Are Scamming Nigeria – President Buhari Drops Bombshell

President Muhammadu Buhari accused the international NGOs working in the theatre of war in the North East of scamming Nigeria and their donors, in that their impact in addressing the humanitarian problems in the region does not match the millions of dollars they claim to have spent. Buhari dropped the bombshell on Wednesday when he... Continue Reading →

FG Confisticates N280M Found In Fraudstar, Invictus Obi AKA Obinwanne Okeke’s Bank Account

The Federal High Court in Lagos has ordered the temporary forfeiture of the sum of N280,555,010.65 discovered in the bank accounts of Invictus Oil and Gas Limited and Invictus Investment Limited. Obinwanne Okeke aka #Invictus is currently standing trial in the U.S over an alleged $11m cyber fraud, following his recent arrest by the FBI.... Continue Reading →

Govt May Sack Workers To Meet Minimum Wage Demand – Ngige

Minister of Labour and Employment, Dr Chris Ngige, on Thursday, said that the demand of labour over the implementation of the new minimum wage would cost the Federal Government N580 billion annually. Ngige said that such adjustment, in line with labour’s demand, was not sustainable as the government would have to lay off some workers... Continue Reading →

FG Set To Reintroduce Tollgates On All Federal Roads

The Federal Government has announced that plans are at an advanced stage to return toll gate on federal highways. The Minister of Works and Housing, Babatunde Fashola disclosed this while briefing State House Correspondents after the Federal Executive Council, FEC, meeting presided over by President Buhari today. Fashola, flanked by the Minister of Information and... Continue Reading →

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