Nigeria is the third-largest debtor to the World Bank’s International Development Association as of June 30, 2024, following a significant increase in its borrowing from the institution. A financial statement dated June 30 2024 but recently made public and obtained by our correspondent on Tuesday disclosed this. The IDA, a key arm of the World…
South Africa has denied visas to Nigeria’s national under-18 basketball team, preventing them from participating in the 2024 FIBA U18 Afrobasket tournament set to take place in Cape Town from December 14 to 22. The South African Consulate in Abuja denied the male players’ visas. The Vice Chairman, Nigerian Basketball Federation, Ugo Udezue, confirmed the…
Nigerians and South Africans’ online debacle took a new dimension on Thursday morning after both divides engaged in another supremacy battle. Citizens from two countries went for each others’ jugulars by ordering e-hailing drivers from opposing countries in the comfort of their homes. While South Africans began the show by allegedly ordering Bolt and Uber…
A Chinese investment group racing to recover up to $70 million in arbitration awards from Nigeria has concluded plans to list two residential structures it confiscated from the country for sale on global online marketplace eBay, Peoples Gazette was told by people familiar with the arrangement. Zhongshang Fucheng Industrial Investment Ltd took possession of two…
The Presidency has broken its silence on a French Court for the seizure of three Nigerian Presidential jets. Citing Financial Times, Daily Trust had reported how the court ordered seizure of the aircraft over a botched deal Ogun State government and a Chinese company. The jets listed for seizure are a Dassault Falcon 7X, a…
President Bola Tinubu and Equatorial Guinea, President Teodoro Mbasogo on Wednesday evening in Malabo signed an agreement on the Gulf of Guinea Pipeline Project, further affirming the partnership for mutual development. The agreement covered legislative and regulatory measures for the gas pipeline, establishment and operation, transit of natural gas, ownership of the gas pipeline, and…
Reports emerged on Wednesday indicating that a French court has granted an order for the seizure of three presidential jets linked to the Federal Government of Nigeria. The court’s decision comes as part of a lawsuit filed by Zhongshan, a Chinese company, to ensure the payment of a $74.5 million compensation award. According to Premium…