The Osun State Government has officially called on the Economic and Financial Crimes Commission (EFCC) to investigate former governor and current Minister of Marine and Blue...
In a bold and impassioned address in Washington DC over the weekend, the Nigeria Labour Congress (NLC) called on the International Monetary Fund (IMF) and the...
The World Bank has revealed that plans are underway to introduce its Joint Capital Markets Programme (J-CAP) in Nigeria to boost infrastructure financing. The Global Head...
The World Bank has handed a 30-month debarment to two Nigerian firms—Viva Atlantic Limited and Technology House Limited—and their CEO, Norman Didam, over fraudulent, collusive, and...
The World Bank has projected that Nigeria’s economy will grow to 3.6 per cent between 2025 and 2026 following ongoing reforms by the Federal Government. The...
A new report by the Global Partnership for Education (GPE), under the World Bank’s auspices, has revealed a critical gap in teacher preparedness, which could hinder...
The World Bank said on Wednesday more than half of Nigeria’s population lives in poverty. In its latest Nigeria Development Update (NDU) report titled: “Staying the...
The World Bank and other stakeholders have called on the Federal Government to fight institutional corruption in order pave way for sustainable growth and development in...
The World Bank has announced a historic financial commitment to aid the world’s most vulnerable countries, unveiling nearly $24 billion in donor contributions that will be...
The World Bank has disclosed that the sum of $32 million is missing and unaccounted for in a water project approved for Nigeria. This was disclosed...
The Academic Staff Union of Universities (ASUU) has raised concerns over a plot to sabotage Nigeria’s public universities, with National President Prof. Emmanuel Osodeke accusing the...
The World Bank on Thursday passed a vote of confidence on the economic reforms by President Bola Tinubu’s administration saying they are beginning to show results....
The World Bank has warned that the latest increase in the prices of Premium Motor Spirit (PMS) also known as petrol in September may reverse the...
The World Bank has approved a $500-million grant to support Nigeria’s recovery efforts from the impacts of the COVID-19 pandemic. The funds will be utilised through...
The World Bank has disclosed that the current economic reforms like the floating of naira, subsidy removal among others being enacted by the Nigerian government must...
Nigeria is set to launch a groundbreaking rural electricity project next month, backed by a $750 million financing package from the World Bank. The project, dubbed...
The World Bank on Monday approved a $1.57 billion loan to support ongoing projects in Nigeria. The loans are to support the Federal Government in enhancing...
The Sokoto State government has stated that N1.2 billion expenditure was allocated for drilling new boreholes rather than renovating existing ones. This clarification was in response...
In a move aimed at bolstering its ongoing power sector reforms, the Nigerian government has requested a $50 million loan from the World Bank. The Minister...
The World Bank has announced plans to restructure the financing of the $430 Nigeria Digital Identification for Development (ID4D) project to avoid truncation. This would enable...
Amid growing concerns about the safety of Nigerians’ data, fresh data from the World Bank has revealed that the sum of $45.5 million has been disbursed...
Socio-Economic Rights and Accountability Project (SERAP) has sent a complaint to the World Bank Inspection Panel urging the Panel “to probe allegations of corruption in the...
The People’s Redemption Party (PRP), has called on President Bola Tinubu to imbibe the spirit of the slogan created by Senate President Godswill Akpabio and ‘let...
The Federal Government has requested a $500 million loan from the World Bank for the development of rural roads and agricultural marketing. This fund is expected...
The Federal Government has secured a $500m World Bank loan to bolster Nigeria’s electricity distribution sector, the Bureau of Public Enterprises (BPE) announced on Thursday. According...
The World Bank said on Friday the Federal Government’s ₦5,000 cash transfer scheme has increased households’ and women’s welfare over time. However, the Bretton Wood institution...
Human rights lawyer, Femi Falana, has launched a scathing critique of the Federal Government’s recent decision to increase electricity tariffs, alleging that the move is a...
The World Bank has identified challenges associated with fuel prices and low non-oil revenue as factors that may hamper the Federal Government’s move to maximise the...
The Federal Government is set to receive a $2.2 billion loan from the World Bank at a low interest rate of about 1%. This is even...
The World Bank has projected a significant drop in Nigeria’s inflation rate to 24.8 percent year-on-year in 2024. The country’s inflation currently stands at 31.7 percent...
In a startling report and a knock on Nigeria’s ease of doing business initiative, the World bank has stated that the cost of trade in Nigeria...
Amid concerns recently about unauthorized access to the National Identification Number (NIN) database, the World Bank has pegged the success rate of the NIN drive by...
The World Bank is poised to extend another $500 million loan to the Federal Government of Nigeria, to support agricultural markets and rural access. This program,...
The World Bank through its fund for the Poorest Developing Countries is pushing for unprecedented funding to confront the growing problems of debt and climate change...
The Nigeria Labour Congress (NLC) has alleged that the International Monetary Fund (IMF) and the World Bank are responsible for the power sector crisis in Nigeria....
Nigeria is seeking a fresh $1.5bn loan from the World Bank to tackle the severe dollar shortage contributing to the decline of the naira and to...
The World Bank has projected Nigeria’s economy to grow by 3.3 per cent this year up from the earlier projected 2.9 percent growth. The leading development...
The World Bank has predicted that persistent insecurity, armed conflict, and deteriorating livelihoods will continue to affect local government areas in Borno, Kaduna, Katsina, Sokoto, Yobe,...
The World Bank has raised an alarm that only 10 per cent of targeted poor and vulnerable households have benefitted from the Federal Government’s recently launched...
The World Bank has urged the federal government to increase the Value-Added Tax VAT rate as a measure to boost non-oil revenue into the FG’s coffers....
Socio-Economic Rights and Accountability Project (SERAP) has urged the World Bank President Mr Ajay Banga to conduct investigation into spending of loans and other facilities by...
It seems a truce will soon be called in the ongoing oilfield dispute between Italian oil company, Eni and the Nigerian government as the oil giant...
The Chief Executive Officer of Chapel Hill Denham, Mr. Bolaji Balogun has disagreed with the conventional estimates which put the value of the Nigerian economy at...
The Trade Union Congress of Nigeria (TUC) has lamented the continuous decline of the naira and its debilitating effects on the side on workers, through inflation....
The Federal Executive Council (FEC), on Monday, approved a $3.45 billion World Bank loan facility that would be used to provide concessionary finance for infrastructure projects...
The Federal Government said on Monday that it has obtained two loans to finance various projects in important economic sectors, one from the African Development Bank...
Nigeria has maintained its fourth position on the World Bank’s top 10 International Development Association (IDA) borrowers’ list, after moving up from fifth position in the...
Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has bagged a prestigious appointment with the World Bank after he was appointed as the...
The International Monetary Fund (IMF) has raised an alarm over the ongoing war between Israel and Hamas Islamist militants, comparing it to “a new cloud on...
The World Bank’s chief economist, Indermit Gill, on Wednesday, warned that interest rate hikes could spell trouble for countries struggling to deal with debt. In order...
