Health Sector Gets $1.57bn from World Bank The World Bank has approved three new financing totalling $1.57 billion to support the health sector in Nigeria. This was contained in a statement by the bank’s Country Office, today, in Abuja. According to the bank, the funds would be...

Unmetered Electricity Customers Now 7.3 million – NERC Metering of electricity customers across the country has remained a challenge as number of unmetered customers rises to 7.3 million. The latest figures, released by the Nigerian Electricity Regulatory Commission (NERC) showed that out of over 13.16 million...

Oil Firms Owe FG $6.17bn – NEITI Oil companies’ indebtedness to the Federal Government in terms of royalties and taxes has risen to $6.175bn, according to an audit of the petroleum industry by the Nigeria Extractive Industries Transparency Initiative (NEITI). The oil and gas industry report,...

UNGA79: Nigeria Secures $600,000 for Flood Relief, Sector Reforms The Nigerian government has secured a $600,000 relief fund and commitments from the Bill and Melinda Gates Foundation to hasten relief efforts for victims of devastating floods in Borno state and other health and agriculture sectors’...

Cash Transfer Programme: FG Disburses N24bn to 991,261 Households The Federal Government has disbursed N24.78bn under the National Cash Transfer programme to 991,261 poor households as part of efforts to alleviate poverty in Nigeria. The cash transfer initiative, spearheaded by the National Social Investment Programme Agency...

NMRC Secures $228m Mortgage Financing for Nigeria’s Vulnerable Earners, Borrowers The Nigeria Mortgage Refinance Company Plc (NMRC) has secured $228 million in affordable mortgage financing for vulnerable earners and borrowers. This was disclosed in a statement on its X page, on Thursday, September 26, 2024. The company...