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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…
Yoruba nation activist, Chief Sunday Adeyemo, popularly known as Sunday Igboho, has announced that he is awaiting formal approval from the Federal Government to commence operations of his security outfit, the Iru Ekun Security Network, which he says is positioned to assist conventional security agencies in clearing criminal elements from forests across the South West….
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…
Digital misinformation targeting the pockets of Nigerian motorists has met a firm rebuttal from the Nigeria Revenue Service (NRS), following the circulation of a viral infographic claiming a new vehicle tax regime would take effect from July 1. The graphic, which has been widely shared across messaging and social media platforms, suggests that owners…
A 30 per cent salary increase has been approved for non-academic staff of federal universities, polytechnics and colleges of education, according to a government directive that has already triggered pushback from one of the major unions representing the affected workers. The approval, conveyed in a letter dated March 30, 2026, and signed by Minister…
The nation’s consolidated debt position has expanded to N159.27 trillion by the close of 2025, marking a substantial acceleration in public sector borrowing that has seen liabilities increase by over N14.6 trillion within a single fiscal year. The Debt Management Office’s fourth quarter disclosure reveals borrowing momentum that outpaced prior periods, with the final three…
The Social Democratic Party’s 2023 presidential candidate, Adewole Adebayo, has publicly criticized the Federal Government’s handling of Nigeria’s deteriorating security situation following a deadly attack in Plateau State that claimed at least 29 lives. Adebayo visited Anguwan Rukuba, the site of the March 29 assault, where he accused the administration of President Bola Ahmed…
The Senior Staff Association of Nigerian Universities (SSANU) has issued a final ultimatum to the Federal Government, demanding the conclusion of stalled salary renegotiations before the end of April or face industrial action. The warning came in a communiqué signed by SSANU National President Muhammad Ibrahim, at the end of the union’s 54th National…
The Federal Government has approved the release of N32 billion to health facilities across Nigeria under the Basic Health Care Provision Fund, as part of ongoing efforts to strengthen primary healthcare delivery nationwide. The approval was announced by the Coordinating Minister of Health and Social Welfare, Muhammad Ali Pate, following a Ministerial Oversight Committee…
Organised labour in the federal public service has issued a stern ultimatum to the federal government, demanding the release of funds to settle three months of outstanding wage awards and other pending allowances owed to workers in ministries, departments, and agencies (MDAs). The Joint National Public Service Negotiating Council (JNPSNC) – the umbrella body…
