FG opens talk with World Bank to secure $1.5 billion loan for budget support

At the backdrop of the sustained revenue pressure and scarcity of foreign exchange the Federal Government, has opened talks with the World Bank to secure a $1.5 billion loan for budgetary support. Minister of Finance and Coordinating Minister for the Economy, Mr. Wale Edun, who disclosed this yesterday in an interview with Bloomberg, linked the […]

Zambia Authorities begin vaccination against cholera after 363 recorded deaths

Zambia has commenced the administration of the oral cholera vaccine. On Tuesday authorities rolled out some doses in in Matero township, one of the affected shanty compounds of Lusaka, the country’s capital, most affected by the current outbreak. According to health authorities, the countrywide cholera outbreak has so far killed 363 people, 30% of which […]

U.S Court Orders Repatriation of $8.9 Million Stolen In 2014 to Nigeria

A New Jersey court in the United States has ruled that assets worth around $8.9 million stolen by government officials in Nigeria around 2014, can be returned to Nigeria. Following the service of a forfeiture notice in November, the Court concluded that funds deposited in a Jersey bank account were likely “misappropriated by officials” in […]

North Korea abandons unification goal with South Korea

North Korean leader Kim Jong Un has said unification with the South is no longer possible, and that the constitution should be changed to designate it the “principal enemy”. Mr Kim also said three organisations dealing with reunification would be dismantled. South Korea’s president Yoon Suk Yeol, said it would respond “multiple times stronger” to […]

FCT minister Nyesom Wike summons emergency meeting over insecurity

The Minister of the Federal Capital Territory (FCT) Nyesom Wike yesterday summoned an emergency meeting over the worrying state of insecurity in the nation’s capital. Some of those who were in attendance included heads of security agencies in the FCT, top officials of the FCTA, council chairmen, and traditional rulers. During the meeting of security […]

Rescue operations ongoing as Explosion hits Ibadan with many feared injured

There was panic in Ibadan, Oyo State, as loud explosion rocked the ancient city around 8:00pm, with buildings collapsing due to terrific vibration. The Oyo State Government also confirmed what it described as “an uncommon explosion” which residents speculate that houses and cars far from the scene were impacted by the blast wave. The number […]