Economy

FG cancels $717.7m World Bank power sector loan

The Federal Government has cancelled $717.7 million in undisbursed World Bank financing for Nigeria’s troubled electricity sector, effectively terminating the remaining portion of a...

NNPC warns court against granting Dangote Refinery, FZE monopoly 

The Nigerian National Petroleum Company (NNPCL) Limited has told the Federal High Court sitting in Lagos that petroleum products from the Dangote Petroleum Refinery...

NCAA places 11 airlines on no-pay-no-service list over unpaid charges

The Nigeria Civil Aviation Authority (NCAA) has placed 11 domestic airlines on its updated “No-Pay-No-Service” list over unpaid statutory charges. The enforcement action, which targets...

Abia built 414 roads, cut debt by 60% under me: Otti

Abia State Governor, Alex Otti, says he has constructed 414 roads across the state, measuring about 864.12 kilometres within the last three years of...

UN warns 35m Nigerians face acute hunger crisis

The United Nations (UN) on Friday warned that about 35 million Nigerians are at risk of acute hunger from June to August. The UN Humanitarian...

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