W’Bank detects $32m unaccounted funds in Nigeria’s water project
The World Bank has identified $32m in unaccounted funds in a Nigerian water sector project, raising concerns over likely embezzlement and mismanagement. According to the newly released FY2024 Sanctions System Annual…
Wike Receives Indian PM Narendra Modi At Abuja Airport
Indian Prime Minister Narendra Modi has arrived in Nigeria for a significant visit aimed at strengthening diplomatic and economic ties between the two nations. reports. Federal Capital Territory (FCT) Minister…
Reps Urge EFCC to Investigate 65,000 Abandoned Projects
The House of Representatives Committee on Public Accounts has revealed that approximately 65,000 projects valued at ₦32 trillion have been abandoned across Nigeria. This alarming discovery includes key infrastructure, some…
Blessing in disguise? How high cost of petrol reduces noise, air pollution in Nigerian cities
…As residents slow down on use of generators In what could be termed a blessing in disguise, some city dwellers say they are now enjoying better and deeper sleep arising…
UK to Increase Proof-of-Funds Requirement for Student Visas to £1,483 per Month, Effective January 2025
The UK Home Office has announced an increase in the proof-of-funds requirement for student visa applicants. Starting January 2, 2025, international students will need to demonstrate a monthly financial capacity…
FMBN Denies Involvement in N40 Million Mortgage Scheme by HXAfrica
The Federal Mortgage Bank of Nigeria (FMBN) has disassociated itself from claims linking it to a N40 million mortgage pre-financing scheme promoted by Housing Exchange Africa (HXAfrica). In an official…
Nigeria’s Inflation Spikes to 33.88% in October, Straining Wallets Nationwide
In October 2024, Nigeria's headline inflation rate rose sharply to 33.88%, up from 32.7% in September, as the country continues to face the steep costs of goods and services. The…
Dangote Cement Gears Up for Bond Issuance Under N300bn Financing Plan
Dangote Cement Plc has announced plans to launch its Series I bonds as part of a broader N300 billion multi-instrument issuance programme. This significant step was revealed in a formal…
IMF Report Highlights Nigeria’s Struggling Economic Reforms and Rising Inflation
The latest outlook report by the International Monetary Fund (IMF) for sub-Saharan Africa indicates that the broad-based economic reforms embarked upon by Nigeria's federal government are yet to deliver significant…
Vote for Housing-Friendly Governorship Candidates, HDAN Urges Electorate in Ondo
The Housing Development Advocacy Network (HDAN), a leading civil society organization in Nigeria's housing industry, has called on electorates in Ondo State to prioritize candidates who make housing a central…