The Nigeria Interbank Settlement Scheme, NIBSS in collaboration with all the money deposit banks in Nigeria and the four major telecommunications operators, Etisalat, MTN, Airtel and Globacom, has launched a new mobile money payment solution.

The Federal Government and the World Bank have signed a Partial Risk Guarantee (PRG) agreement for the supply of gas to the $500 million Calabar gas plant to boost energy supply by 500 megawatts.

The South-East zone of All Progressives Congress, APC, has ratified the suspension of the Ebonyi State Chairman of the party, Ben Nwaobosi.

President Mohammed Buhari’s request dated 25th October 2016, for Legislative approval, to disburse the sum of $29.9bn, between 2016-2019, from an anticipated external loan package, was the first notice of government’s intent to commit to, arguably, the largest borrowing in Nigeria’s fiscal history. Media reports suggest that the funds will be deployed to improve agriculture and redress severe infrastructural deficit in selected parts of the country; so far, the criteria for project choice and location are not yet known and there are already suggestions that the project spread appears lopsided.

The National President of the Association of Senior Civil Servants of Nigeria (ASCSN), Comrade Bobboi Bala Kaigama has said that the delay by the Head of Civil Service of the Federation (HOCSF) to pay insurance premium for the 2016/2017 group life cover for the over 89,000 civil servants is dangerous. The Group Life Insurance of Federal Civil Service workers were to have been renewed since August 13, 2016 but the Head of Service said there was no money yet to renew the insurance policy.