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...
In 2023, Nigeria’s debt servicing will gulp 123.4 per cent of Federal Government’s revenue, the World Bank’s Lead Economist for Nigeria, Alex Sienaert, has projected, expressing...
The World Bank has expressed concern over rising debt-service in Nigeria and other developing economies. The international creditor said the external debt of these economies totaled...
Counterpart funded road projects between the world Bank and Enugu State government have started to fail, as the state government has failed to meet up with...
In the next few weeks, several state governments will receive N1 billion each from the federal government as the last trench of the performance-based award under...
World Bank President, David Malpass, has disclosed that Nigeria hasn’t requested for debt restructuring after reports suggesting the government was weighing the opinion. Ripples Nigeria had...
Seven Nigerian companies, and individuals have been banned by the World bank from getting its contracts over corrupt practices. The World Bank disclosed that it sanctioned...
The World Bank has cut Nigeria’s economic growth forecast for 2022 while painting a depressing picture of the finances of Nigeria. In its biannual Africa’s Pulse...
The World Bank has approved a $750 million support facility for the Nigeria State Action on Business Enabling Reforms (SABER) Programme-for-Results. The Washington-based organization disclosed this...
The number of Nigerians classified as poor may rise as the World Bank raises the poverty line to $2.15 (N936.32) from $1.90 (N827.45) beginning this month....
The World Bank Group’s President, David Malpass, has stated that the bank is prepared to assist Nigeria in phasing off regressive fuel subsidies while enhancing social...
The National Chairman of the All Progressives Congress (APC) Abdullahi Adamu, has come under fire from the Peoples Democratic Party (PDP) for claiming that the Federal...
Nigeria has moved up on the World Bank’s top 10 International Development Association (IDA) borrowers’ list. In its newly released audited account, for the Fiscal Year...
The former Treasurer and Vice President of the World Bank, Arunma Oteh, has resigned her position as a Non-Executive Director in oil and gas company, Seplat...
The World Bank has declared that the Central Bank of Nigeria (CBN) policies are undermining the business environment within the country, placing Nigeria on a fiscal...
Prof. Chukwuma Soludo, the governor of Anambra State, has spoken out against the continuation of payment for fuel subsidies in Nigeria. Soludo, who spoke at the...
The World Bank has increased the number of Nigerians expected to fall into poverty by the end of 2022 to seven million, following the increase in...
The World Bank has raised concerns about President Muhammadu Buhari’s plan to lift 100 million Nigerians out of poverty. World Bank economists, Jonathan Lain and Jakob...
As the Federal government concludes the arrangement to take another $950 million loan from international investors, updated data from the Central Bank of Nigeria have revealed...
The World Bank said on Nigeria and nine other countries were responsible for 75 percent of global gas flaring in 2021. The other countries are Algeria,...
The International Monetary Fund (IMF) has said rising private debt would slow economic recovery in Nigeria and across the world, stating vulnerable households and firms might...
According to the World Bank, raising fuel subsidies puts the Nigerian economy at risk since subsidy payments might have a substantial impact on public finances and...
