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...
The World Bank on Saturday raised concerns over Nigeria’s debt sustainability amid rising fuel subsidy after President Muhammadu Buhari proposed N4 trillion for petrol subsidy last...
The World Bank has issued a fresh prediction on Nigeria’s economy for 2022, raising its growth to 3.8%, up from 2.5% projected earlier in the year....
The World Bank has predicted tougher months ahead as household real disposable incomes in Nigeria are expected to face an “exceptional squeeze”. Shubham Chaudhuri, the World...
Two unrelated developmental issues jolted me into reality a little over a week ago, March 22, to be precise. One of the events had a continental...
Isah Kantigi and his company, SoftTech IT Solutions and Services Ltd., will not be able to get contracts from the World Bank agains over alleged corrupt...
The World Bank has predicted that by the end of 2022, around 95.1 million Nigerians will slip into the extreme poverty line due to the stagnation...
Forty per cent of Nigeria’s population are leaving in poverty on less than $1.90 a day, a new report from the world bank has shown. The...
Nigeria’s ballooning national debt which increased by 20 percent in 2021 to N39.5 trillion, now means each citizen owes N191,889.55 as their share of the country’s...
Debt servicing has continued to constitute a major setback for the Nigerian economy as the Central Bank of Nigeria (CBN) has, once again, been forced to...
AIM Consultants Limited a Nigerian consultancy company has joined the list of 55 other Nigerian companies blacklisted by the World Bank from getting its contracts over...
The Central Bank of Nigeria (CBN) has debited N2.03 trillion from the Federal Government’s account to settle interest on the loan obtained under the Ways and...
A report by the World Bank has noted that Nigeria’s economy under President Muhammadu Buhari was worse than what it used to be 10 years ago....
In order to cushion the impacts of the COVID-19 pandemic on Nigerians, the Federal Government in collaboration with the World Bank has launched the Nigeria COVID-19...
The World Bank on Tuesday projected a 2.5 percent growth for the Nigerian economy in 2022. In its latest Global Economic Prospects report released in Washington,...
Former World Bank consultant and economist, Doyin Salami, has been appointed as Chief Economic Adviser to the President (CEAP), Muhammadu Buhari. Salami, who currently heads the...
The World Bank has revealed it is willing to bankroll Nigeria’s Conditional Cash Transfer programme for the poor and vulnerable to the tune of $800m (N329.53bn...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to the...
The World Bank has said that removing the petrol subsidy in January 2022 could cause the headline inflation rate to rise by an additional 2.0–2.5 percentage...
The World Bank has again slammed the Central Bank of Nigeria’s (CBN’s) exchange rate management policies. According to the Bretton wood institution, the exchange rate policies...
Following a military takeover that deposed the Prime Minister of Sudan, Abdalla Hamdok, on Monday, the World Bank Group said it has suspended aid to the...
The World Bank has descended heavily on the N2.9 trillion subsidy spending by the Nigerian government, saying that it is depriving states of much needed revenue....
The World Bank Group has debarred 18 Nigerian companies and individuals for engaging in corrupt and collusive practices in its 2021 fiscal year. In a new...
Vice President Yemi Osinbajo said on Monday Nigeria and the World Bank are collaborating to raise $30 million to finance a vaccine plant in the country....
The Federal Government and the World Bank are in collaboration over the effective disbursement of $750 million for the COVID-19 Action Recovery and Economic Stimulus (NG-CARES)...
The World Bank has predicted that climate change could force at least 216 million people across the six regions in the world to migrate back to...
The World Bank has banned 55 Nigerian companies for various procurement offences in the last 20 years. In a note obtained by Ripples Nigeria on its...
Appreciation in Bitcoin market value is gaining momentum with the hype around El Salvador’s official adoption of the most popular cryptocurrency. Following months of preparation, El...
An increasing number of young Nigerians are looking to leave the country in search of a brighter economic future, according to the World Bank. This was...
It is no longer news that Nigeria intends to take additional loans in the coming years to close budget gaps. The news is that in the...
The World Bank on Wednesday commended the Kogi State Governor, Yahaya Bello, for refunding $4.63 million surplus funds under the Nigeria Erosion and Watershed Management Project...
A new report released on Tuesday by the National Social Register (NSR) has revealed that Zamfara State is home to the highest number of the poor...
In the last three years, over N1.3 trillion was borrowed by the Federal Government to finance the operations of generation companies and gas suppliers. The loan...
The World Bank has revealed that soaring inflation has driven an estimated seven million Nigerians into poverty in 2020 alone. This was contained in its development...
The World Bank on Tuesday raised Nigeria’s economic growth projection for 2021 to 1.8 percent, up from the previous 1.1 percent projection. The Bretton Wood institution...