The World Bank has approved a total of $8.40bn (N12.89tn) in fresh loans to Nigeria over the past two years, according to data obtained from the bank’s official website.

FG Spends N88bn Fixing Vandalized Power Towers   The Transmission Company of Nigeria (TCN) has disclosed that a sum of N88bn was spent by the Federal Government on the repair and restoration of power transmission facilities vandalised across the country from 2021 to date. The TCN Principal...

N80bn Spent on Travels by 29 Governors in Six Months   Fresh findings have revealed that 29 state governors spent N79.97bn on domestic and international travel expenses between January and June 2025. This made the financial prudence and spending discipline of state governors come under intense public...

Electricity Subsidy Surges by 220%, Reaches Almost N2trn   The Federal Government’s electricity tariff subsidy jumped from N610bn in 2023 to N1.94tn in 2024. This represents a 219.67 per cent increase in yearly subsidy funding, despite the Band A tariff hike of April 2024. The Nigerian Electricity...

NELFUND Disburses Over ₦73 Billion in Student Loans as Beneficiaries Hit 366,000 The Nigeria Education Loan Fund (NELFUND) has recorded significant milestones in its student loan disbursement scheme, with over ₦73 billion disbursed to Nigerian students since the launch of its loan portal on May...

Senate Summons NNPC Boss Over Alleged N210trn Missing Funds   The Senate on Thursday ordered the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL) Bayo Ojulari, to appear before its Public Accounts Committee over unresolved financial infractions amounting to N210tn. The lawmakers expressed...