Nigeria Moves To Recover Returnees’ Lost Assets In South Afric

The Federal Government has said it will engage South African authorities to secure compensation for Nigerians who abandoned businesses and other valuable assets while fleeing renewed anti-immigrant hostility, a move that signals a tougher diplomatic posture as the country’s evacuation programme stretches into its third week. Acting Nigerian High Commissioner to South Africa, Ambassador Alexander…

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Court Directs Registration Of New Non Teaching Staff Union In Universities

  The National Industrial Court sitting in Abuja has ordered the Federal Government and the Registrar of Trade Unions to register the National Association of Non-Teaching Staff of Nigerian Universities as a trade union under the Trade Unions Act. Justice Osatohanmwen Obaseki-Osaghae delivered the judgment in suit number NICN/ABJ/345/2023, filed by the association through Comrade…

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Nigeria Brings Home First Batch Of South Africa Returnees

  Two hundred and sixty-eight Nigerians evacuated from South Africa following recent xenophobic attacks are due to arrive in Lagos this morning, with the federal government receiving them at the Murtala Muhammed International Airport. Minister of State for Foreign Affairs, Ambassador Sola Enikanolaiye, will represent the federal government in receiving the returnees, according to a…

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World Bank Cancels $717.7m Power Sector Financing 

  The Federal Government has lost access to $717.7m in undisbursed World Bank financing originally earmarked to rescue Nigeria’s troubled electricity sector, following a joint decision by both parties to terminate the Power Sector Recovery Performance Based Operation. According to restructuring documents obtained from the World Bank, the cancellation was triggered by a formal request…

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FG Eyes Fresh $1.25bn World Bank Loan

The Federal Government is in advanced discussions with the World Bank over a proposed $1.25 billion loan facility aimed at accelerating economic reforms, expanding job opportunities, and strengthening business competitiveness across the country. According to documents obtained by Channels Television, the proposed facility is tied to a programme titled Nigeria Actions for Investment and Jobs…

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