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...
The World Bank has predicted that Nigeria’s growth would decelerate from 3.3 per cent in 2022 to 2.9 per cent in 2023. The bank noted, in...
The World Bank has said that the Nigerian currency, Naira has weakened by 40 percent since mid June 2023 devaluation and is one of the worst-performing...
The World Bank said Nigeria accounted for the highest remittance flow into Sub-Saharan Africa in 2022, as the continent recorded an estimated $52.9 billion. According to...
The World Bank will collaborate with the Federal Government to roll out digital national identity cards for Nigerians. The World Bank Director for Nigeria, Shubham Chaudhuri,...
The World Bank is allegedly “pressuring” Uganda to repeal its anti-homosexuality law, according to President Yoweri Museveni of Uganda, on Wednesday. After the World Bank halted...
President Bola Tinubu on Thursday, wrote to the Senate seeking approval to access an additional $800 million from the World Bank for the National Social Safety...
The World Bank has projected Nigeria’s inflation rate to reach 25 percent this year due to the removal of fuel subsidy. The World Bank had in...
The President of the World Bank Group, David Malpass, has warned against the parallel exchange rate, stating that it impedes foreign investment, affects the bank’s projects,...
According to the World Bank, Nigeria has an $82 billion healthcare gap. And public spending on healthcare falls far short. Nigeria’s public spending on healthcare amounts...
World Bank loans to Nigeria increased by 2.94 per cent or $410 million in the first quarter of 2023, according to data from the global financial...
A report, released by the World Bank on Tuesday, has shown that the increasing wave of Nigerians leaving the country, popularly called ‘Japa’ syndrome, could afterall...
The World Bank has recommended a single foreign exchange (Forex) market, urging Nigeria to do away with its multiple forex markets. In its latest ‘Macro Poverty...
The World Bank has revealed that Nigeria spends 96.3 percent of government revenue on servicing debt in 2022. This means that the country spends N96 out...
The Federal Government of Nigeria had recently secured $800 million loan from the World Bank to provide palliatives for over 50 million Nigerians after the removal...
A $800 million World Bank grant has been announced by the federal government as a part of its palliatives efforts ahead of removal of subsidy on...
The World Bank has predicted a 2.8% slow economic growth for Nigeria in 2023 ahead of a new government. The global bank in its latest Africa...
The World Bank has announced that Indian-American business executive, Ajay Banga, will be appointed to replace David Malpass, the President of the global financial institution. Banga,...
President of the 9th Senate, Ahmed Lawan on Thursday underscored the urgent need for the federal government to improve on revenue generation in order to deal...
These top 10 stories across the nation’s newspapers might interest you. 1. INEC meets 18 political parties, presents voter register ahead of 2023 elections The Independent...
The World Bank on Wednesday projected a 2.9 percent growth in Gross Domestic Product (GDP) for the Nigerian economy this year. The World Bank stated this...
The World Bank has revealed that about 62 percent of the Federal Government’s revenue would be gulped by debt owed to the Central Bank of Nigeria...
The World Bank has advised the Central Bank of Nigeria (CBN) to review the ‘Race to US$200 Billion In FX Repatriation (RT200 FX) Programme’ due to...
The World Bank has once again criticized the Central Bank of Nigeria’s (CBN) exchange rate management style which has divided opinions among economists and public policy...
The invasion of Ukraine by Russia has been factored in as one of the reasons the world is experiencing food inflation and food insecurity. Recall that...
The World Bank has expressed concerns over the redesign of the Naira notes by the Central Bank of Nigeria (CBN). President Muhammadu Buhari unveiled the newly...
The World Bank has cautioned that the newly redesigned naira, which entered circulation last week, may have a detrimental impact on economic activity, particularly for impoverished...
The World Bank has revealed that it has given out loans of $9 billion to the federal government of Nigeria over the last 30 months. However...
