Nigeria to Receive $1.65bn World Bank Loans Next Year   The World Bank has lined up three major loan projects for Nigeria in 2025, totalling $1.65bn, as part of a broader effort to support the country's development agenda and address its most pressing challenges. The loans, currently...

ICPC Recovers N5.6bn Funds For Constituency Projects From Lawmakers, Others   No fewer than 50 contractors, consultants, and staff members of Ministries, Departments, and Agencies of the government are being investigated by the Independent Corrupt Practices and Other Related Offences Commission under phase five of its...

FG Inherited N6trn Funding Gap on 2,604 Projects - Minister   Works Minister Dave Umahi has said the Bola Ahmed Tinubu administration has a N6 trillion funding gap on its road projects across the country. The minister, who said the current administration inherited 2,604 road projects, explained...

NDDC Plans $27.3bn Road, Power Projects   The Niger Delta Development Commission (NDDC) is seeking partnerships to finance power and road projects worth about $27.3bn in the oil-rich region of Nigeria. It disclosed this in a July 2023 document titled, “A Sea of Opportunities in the Niger...

Discos To Refund $1.2bn For 374 Projects - NDPHC   The Niger Delta Power Holding Company Limited (NDPHC)on Tuesday, said it had executed over 374 projects in the distribution subsector of the Nigerian electricity supply industry to boost power supply nationwide. It also stated that the projects,...

CBN Approves N2.1trn For Manufacturing, Agric, Healthcare   The Central Bank of Nigeria (CBN) has released N2.1 trillion to support the real sector of the economy, the bank announced at the weekend. The intervention fund sheet of the apex bank said the funds, which came under the...