FG Sets to Secure $2.2Billion World Bank Loan

President Bola Tinubu’s administration, on  Saturday announced that Nigeria had secured a loan of $2.25 billion from the World Bank at a single-digit interest rate. The package includes a 40-year term with a 10-year moratorium and a nominal interest rate of 1 percent. During a press briefing in Washington DC, United States, Wale Edun, Nigeria’s…

Nigerian Government Set To Purchase Fighter Jets

The Nigerian government is set to purchase a minimum of 24 fighter jets from Italy’s Leonardo to enhance the country’s air force. This was made known by the Nigerian Air Force spokesperson, Air Vice Marshal Edward Gabkwet stating that the aircraft will be delivered in four batches of six jets each. Additionally, Gabkwet stated in his…

Werder Bremen Suspends Liverpool Midfielder, Naby Keita

Naby Keita, the former Liverpool midfielder has been suspended by Werder Bremen until the end of the season and handed a “significant fine” for his refusal to travel with the team for Sunday’s Bundesliga match against Bayer Leverkusen. The club stated that Keita, 29, opted to return home after learning he would not be included…

Tesla Layoffs Its Workforce

Tesla is set to lay off over 10% of its electric vehicle workforce worldwide. This came following a disappointing Q1 delivery report, Tesla announced a substantial reduction in staff, mirroring actions taken by both traditional automakers and pure-play electric vehicle manufacturers, as outlined in an internal memo. According to a memo initially disclosed by news…