LAGOS DECEMBER 15TH (NEWSRANGERS)-The World Bank has approved Nigeria’s request for a $1.5 billion loan. In a statement on Tuesday, the Bretton Wood institution said the facility is a five-year Country Partnership Framework (CPF) that will last from 2021 to 2024. “This country partnership framework will guide our engagement for the next five years in…
LAGOS DECEMBER 4TH (NEWSRANGERS)-The UN Commission on Narcotic Drugs voted on Wednesday to remove cannabis and cannabis resin from a category of the world’s most dangerous drugs, which could impact the global medical marijuana industry. The Vienna-based UN agency said in a statement that its 53 member states had voted 27-25, with one abstention, to…
LAGOS DECEMBER 3RD (NEWSRANGERS)-The Nigerian Senate on Wednesday adopted a motion sponsored by Senator Jibrin Barau representing Kano North Senatorial district for the reconstruction and dualisation of Kano – Danbatta – Kazaure – Daura – Niger border. The motion which was co-sponsored by Senator Baba – Kaita Ahmad representing Katsina North maintained that the road…
LAGOS NOVEMBER 12TH (NEWSRANGERS)- Gov. Douye Diri has secured the approval of the Bayelsa House of Assembly to obtain N17 billion loan from multiple sources. The approval followed a motion moved on Thursday by the House Leader, Monday Obolo, (Southern Ijaw Constituency 2) and seconded by Charles Daniel, (Brass Constituency I). Diri had in three separate…
LAGOS SEPTEMBER 17TH (NEWSRANGERS)-President Muhammadu Buhari’s administration has approved the establishment of a new anti-corruption agency. The new agency approved by the Federal Executive Council will be saddled with proper coordination of all recovered looted assets. The Minister of Justice and Attorney General of the Federation, Abubakar Malami disclosed this to State House correspondents after…
LAGOS AUGUST 26TH (NEWSRANGERS)-President Muhammadu Buhari, on Tuesday, approved the implementation of the proposed cost-reflective electricity tariff for the Nigerian Electricity Supply Industry (NESI). However, residential areas classified as “poor” will not be affected by the increase in tariff, TheCable understands. Also, Buhari has approved a one-year waiver of 35 per cent import tax for…
LAGOS AUGUST 7TH (NEWSRANGERS)-The Federal Government of Nigeria on Thursday approved a new working hour for civil servants across the country. According to the Coordinator of the Presidential Taskforce on COVID-19, Sani Aliyu, federal workers on grade level 12 and above would now resume full work hours from 8 am to 4 pm, while the…
LAGOS JUNE 24TH (NEWSRANGERS)-World Bank has approved a $750 million International Development Association (IDA) credit for Nigeria’s Power Sector Recovery Operation (PSRO) to improve electricity supply. The bank, in statement in Abuja on Wednesday, said that the target was to also achieve financial and fiscal sustainability and enhance accountability in Nigeria’s power sector. It explained…