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...
Despite the fact that a greater share of the global population gained access to electricity than ever before in the last decade, Nigeria still lags behind...
The World Bank on Thursday approved a $700 million loan for Nigeria’s Sustainable Urban and Rural Water Supply, Sanitation, and Hygiene Programme (SURWASH). In a statement...
Over the next five years, the World Bank Group has revealed plans to invest and mobilize $150 billion to support Africa’s growth. However, a large portion...
International Monetary Fund said the Nigerian government and other African countries would have to borrow more funds, or increase taxes in order to meet spending needs...
A World Bank report on migration and development has revealed that Nigeria received over 40 per cent of sub-Saharan Africa’s share of remitances totalling $540 billion....
The Nigerian Bureau of Statistics (NBS) has accused Nigeria’s Minister of Labour and Employment, Chris Ngige, of lying in a statement attributed to the World Bank...
The Federal Government on Sunday slammed evidence contained in a report by the World Bank on distribution of electricity in Nigeria. Ripples Nigeria had reported that...
Nigeria and many more countries are likely to receive another COVID-19 relief support as the World Bank president, David Malpass, said extension of debt service is...
The World Bank has stated that Nigeria made an early exit out of recession than projected in its October 2020 forecast for Sub-Saharan Africa (SSA). This...
The World Bank has upgraded its outlook on Sub-Saharan Africa GDP growth in 2021 from -5.1 per cent to 3.4 per cent growth after a two...
Nigeria and 18 other African countries would benefit from the World Bank’s 22.5 million dollars additional financing for the Regional Off-Grid Electricity Access Project (ROGEAP) in...
The Transmission Company of Nigeria (TCN) on Tuesday, March 9, said the ongoing projects being executed by the company would boost the national power grid by...
The World Bank, Adolescent Girls Initiative and Empowerment, will construct 90 junior secondary schools, 69 senior secondary schools and renovate 69 others in Kaduna to foster...
Socio-Economic Rights and Accountability Project (SERAP) has urged the World Bank President Mr David Malpass “to exercise the Bank’s prerogative to release archival records and documents...
World Bank Senior Economist, Gloria Joseph-Raji, has said Nigerian government’s inability to curb economic challenges will make 15 to 20 million Nigerians poorer by 2022. Joseph-Raji...
The Federal Government has said that the number of out-of-school children in the country reduced from 10.1 million in 2019 to 6.9 million in 2020. The...
