News
World Bank sells $510 million loan obligation to attract investors
The World Bank Group on Friday confirmed the completion of its inaugural securitization transaction as part of a policy to attract institutional private capital into emerging markets.
The institution, through its affiliate, the International Finance Corporation, sold a $510 million collateralized loan obligation backed by loans it gave companies across the developing world.
The transaction includes a $320 million senior tranche sold to private investors, a $130 million mezzanine tranche insured by a consortium of credit insurers, and a $60 million equity tranche.
The shift from an “originate-to-hold” model to an “originate-and-distribute” model allows the World Bank to recycle its capital, expand its lending capacity, and support more countries and projects.
The CLO sale comes two years after an advisory group was commissioned in June 2023 to identify barriers to private sector investment in emerging markets and provide solutions.
The World Bank noted that repackaging of IFC loans into rated securities creates a new asset class for developing nations that meet institutional investment standards.
The securities can be sold to investors like asset managers, pension funds, and insurance companies that are willing to substantially raise their stakes in emerging markets.
“This is step one in an originate-to-distribute strategy that holds significant potential to attract private capital at scale,” said World Bank Group President Ajay Banga.
Banga conveyed his optimism that private investment mobilization would create jobs, help people climb out of poverty, and change families’ trajectory for generations.
News
Abia Unveils State-Owned Electric Bus Transport Scheme
The Abia State Government has announced plans to roll out a state-owned electric bus transport scheme, marking a major step toward modern, clean and efficient public transportation in the state.
The initiative, part of the government’s broader urban renewal and green mobility agenda, is designed to ease traffic congestion, reduce transportation costs for residents, and cut carbon emissions. The electric buses will operate on key routes across major cities, including Umuahia and Aba, offering commuters a safer, quieter and more comfortable travel experience.
Governor Alex Otti has emphasized that the project reflects the administration’s commitment to sustainable development and improved quality of life for Abia residents. According to the government, a number of electric buses have already been procured, while supporting infrastructure such as charging stations and modern bus terminals is being developed to ensure smooth operations.
Beyond environmental benefits, the scheme is expected to create jobs, improve urban mobility, and set a new standard for public transportation management in the state. Officials say the buses will be professionally managed under a state-owned structure to ensure efficiency, affordability and long-term sustainability.
With this move, Abia State joins a growing number of forward-looking governments embracing clean energy solutions, reinforcing its position as a state committed to innovation, environmental responsibility and people centred governance.
News
NIGERIA POLICE FORCE ANNOUNCES RESUMPTION OF ENFORCEMENT OF TINTED GLASS PERMIT
The Nigeria Police Force wishes to inform the general public of the planned resumption of the enforcement of Tinted Glass Permit policy pending the final determination of the matter currently before the court. This decision follows a careful review of emerging security concerns and the need to ensure the safety of all citizens.
It is important to clarify that at no point did the court restrain the Nigeria Police Force from enforcing the provisions of the law regarding the use of tinted glass on vehicles. Nonetheless, in the spirit of responsibility, transparency, and public convenience, the Force suspended enforcement to allow motorists ample opportunity to regularise their documentation and complete the registration process without pressure.
Recent trends, however, reveal a disturbing rise in criminal activities perpetrated with the aid of vehicles fitted with unauthorised tinted glass. Some individuals and organised criminal groups have exploited this gap to conceal their identities and facilitate crimes ranging from armed robbery to kidnapping and other violent crimes. In view of this, the Nigeria Police Force has found it both necessary and urgent to resume full enforcement as a proactive measure to safeguard our communities. Consequently, enforcement of Tinted Glass Permit will resume on 2nd January, 2026.
The Inspector-General of Police, IGP Kayode Adeolu Egbetokun, PhD, NPM, assures the public that the renewed enforcement will be carried out with utmost professionalism, respect for the rights of citizens, and in accordance with extant laws. He adds that the Force remains committed to promoting public safety and upholding the rule of law while working collaboratively with all stakeholders to keep Nigeria secure.
Meanwhile, motorists who require the Tinted Glass Permit are encouraged to apply through the approved channels and ensure that their vehicles comply with legal procedures.
CSP FORCE PUBLIC RELATIONS OFFICER,
FORCE HEADQUARTERS,
ABUJA.
15th December, 2025
News
Bianca Ojukwu’s Daughter Joins Her Mother at the ECOWAS Council of Ministers Session in South Africa
Following a recent post by the Minister of Foreign Affairs, Ambassador Bianca Ojukwu, on her official Instagram account on Monday, 15th December, 2025, the minister shared a noteworthy moment from the ECOWAS 95th Session of the Council of Ministers held in South Africa.
In the post, Ambassador Ojukwu revealed that her daughter, Chi, who works with UN Tourism, accompanied her to the high-level regional meeting to gain firsthand insight into the demands of diplomatic service. According to the minister, the experience offered her daughter a clearer understanding of the intensity and dedication required in her role as Nigeria’s Minister of Foreign Affairs.
She explained that the council’s deliberations often stretched late into the night, sometimes well past midnight, with long hours spent in the conference hall and sustained by endless cups of tea. The demanding schedule, she noted, was far more intense than her daughter had anticipated
The post has since drawn reactions from followers, many of whom praised Ambassador Ojukwu for mentoring the next generation through exposure to international diplomacy and commended her commitment to regional cooperation and public service within ECOWAS.

-
Business1 year ago
US court acquits Air Peace boss, slams Mayfield $4000 fine
-
Trending1 year agoNYA demands release of ‘abducted’ Imo chairman, preaches good governance
-
Politics1 year agoMexico’s new president causes concern just weeks before the US elections
-
Politics1 year agoPutin invites 20 world leaders
-
Politics1 year agoRussia bans imports of agro-products from Kazakhstan after refusal to join BRICS
-
Entertainment1 year ago
Bobrisky falls ill in police custody, rushed to hospital
-
Entertainment1 year ago
Bobrisky transferred from Immigration to FCID, spends night behind bars
-
Education1 year ago
GOVERNOR FUBARA APPOINTS COUNCIL MEMBERS FOR KEN SARO-WIWA POLYTECHNIC BORI
