Wednesday, July 30, 2025

The Truth Banishes Fear!

BREAKING: World Bank Approves $2.1bn Loan For Nigeria Projects

Hamilton Nwosa
Writer

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The 25 Richest Countries in the World (Depending on What’s Measured)

Key Takeaways Luxembourg’s immense output per person ($141K GDP per capita) masks much of its non-resident workers. Qatar’s oil windfall lifts GDP per capita ($72K) but that hasn’t spread into broader wealth, unlike Australia or Belgium. English-speaking countries translate middling GDP per capita into high median wealth through property ownership and strong pension systems. Generating…

Oil Prices Climb as U.S. and EU Reach Historic Tariff Agreement

The United States and European Union officially reached a tariff agreement on Sunday, averting a potentially crippling transatlantic trade war. Following months of contentious negotiations, U.S. President Donald Trump and European Commission President Ursula von der Leyen announced the deal at Trump’s Turnberry golf resort in Scotland.   The announcement sent oil prices higher on…

Tinubu Names Olumode Samuel Adeyemi as New Federal Fire Service Chief

By Hamilton Nwosu  President Bola Ahmed Tinubu has appointed Deputy Controller-General (DCG) Olumode Samuel Adeyemi as the new Controller-General of the Federal Fire Service (FFS), effective August 14, 2025.   The announcement was made in a statement by the Civil Defence, Correctional, Fire and Immigration Services Board (CDCFIB), signed by its secretary, Abdulmalik Jibrin.  …

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The World Bank has announced the approval of $2.1bn loan for seven projects to be executed in Nigeria.

A statement issued in Abuja on Thursday said the loans were approved in Washington on Wednesday and are for seven projects to support Nigeria’s investment in nutrition, access to electricity, states’ fiscal transparency, polio eradication, women’s economic empowerment, public finance and national statistics and reducing vulnerability to soil erosion.

World Bank Country Director for Nigeria, Rachid Benmessaoud, was quoted to have said, “The Federal Government of Nigeria’s Economic Recovery and Growth Plan identifies human capital investment, restoring growth, and building a competitive economy as its key pillars.

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