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World Bank to end lending to China by 2031

The World Bank will phase out its lending to China by 2031 under its new Country Partnership Framework, marking a significant shift in its relationship with the world’s second-largest economy. A source familiar with the matter confirmed the development on Tuesday, corroborating an earlier report by the Financial Times. According to a World Bank official […]

NPA backs Abuja MoU on  regional maritime cooperation

By Godwin Oritse Managing Director  of the Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho, has expressed support for the Abuja Memorandum of Understanding (Abuja MoU) Capacity Building Programme as a major step towards strengthening maritime governance and enhancing Port State Control across West and Central Africa. Speaking at the programme’s launch in Abuja, Dantsoho reaffirmed […]

Police bust Kidnap syndicate, recover AK-47, ammunition, livestock in FCT–Nasarawa operation

By Kingsley Omonobi The Nigeria Police Force has recorded a major breakthrough in its fight against violent crime with the dismantling of a notorious kidnapping syndicate linked to a series of abductions and killings in communities along the Federal Capital Territory (FCT)–Nasarawa border. Force Public Relations Officer, CSP Aniete Okon Iniedu, disclosed this on Tuesday, […]

APC drops Suswam, 25 other National Assembly candidates

By Omeiza Ajayi ABUJA — The National Working Committee (NWC) of the ruling All Progressives Congress (APC) has dropped former Benue State Governor, Gabriel Suswam, former House of Representatives member, Gbenga Elegbeleye, and 24 other National Assembly candidates from the party’s final list submitted to the Independent National Electoral Commission (INEC). The affected candidates include […]

Over 50 Nigerian firms embrace global sustainability reporting standards —FRC

By Progress Godfrey ABUJA — The Financial Reporting Council of Nigeria (FRC) says more than 50 organisations are actively working towards adopting the International Financial Reporting Standards (IFRS) Sustainability Disclosure Standards. Executive Secretary and Chief Executive Officer of the FRC, Dr. Rabiu Olowo, disclosed this yesterday   at the 5th Annual Nigeria Employers’ Summit in Abuja, themed,  […]

Stock market: Investors lose N13.3trn in June amid profit-taking

•FTSE Russell delays Nigeria’s Frontier Market status   over T+1 concerns By Peter Egwuatu The Nigerian stock market ended June on a bearish note, with investors losing a whopping N13.3 trillion in the value of their investments listed on the Nigerian Exchange Limited (NGX) on a month-on-month (MoM) basis, the highest monthly loss recorded in the first […]

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