The World Bank Tuesday announced it had given Nigeria medical support in the sum of $82 million, its own bit of global institutions’ assistance to nations...
The World Bank’s Board of Executive Directors excluded Nigeria from the list of 25 countries that will benefit from its $1.9 billion first set of emergency...
African Ministers of Finance are seeking debt relief from international lenders to buffer the effects of COVID-19 on national economies within the continent. According to them,...
In a gesture aimed at relieving Nigeria and other members of the International Development Association (IDA) of their mounting debt burden, the World Bank and the International Monetary...
Six developmental initiatives estimated at $2.19 billion (N796 billion) were Wednesday unveiled by the World Bank Group, largely targeted at handing Nigeria’s rural poor a lifeline from...
Northern Nigeria produced 87% of Nigeria’s poor population in 2016, a recent report from the World Bank has said. The World Bank report titled “Advancing Social Protection...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market, mainstream business activities while not...
Nigeria’s debt to the World Bank soared from $8.51 billion (about N3.085 trillion) as of September 2018 to $9.81 billion (over N3.556 trillion) as at September...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market, mainstream business activities while not...
The Buhari Media Organisation (BMO) on Wednesday faulted the forecasts by the World Bank and the International Monetary Organisation (IMF) on Nigeria’s 2020 economic growth, which...
The World Bank has forecasted that the next three years will prove gloomy for Nigeria as growth in the real Gross Domestic Product (GDP) will stall...
The Buhari Media Organisation (BMO) has described the 2019 Nigeria economic update by World Bank as correct but an inconclusive analysis. BMO said the World Bank...
Given the lull and uncertainty in the global oil market at the moment, the World Bank Group has forecast the emergence of another recession in Nigeria....
The International Monetary Fund (IMF) on Wednesday for the third time this year, expressed concerns over the rising debt profile of Nigeria, saying that the debt...
A Senior Economist with the World Bank, Yue Man Lee, said on Saturday that Nigeria’s low revenue is restricting the government’s spending on human capital development....
Hello, it’s Sunday again. And, Business Wrap is upon us. Remember this serving is a featured post highlighting some of the major events that unfolded during...
President Muhammadu Buhari said Thursday that the strategies adopted by his administration in the ease of doing business in the country are working perfectly. The president...
World Bank’s Doing Business 2020 has ranked Nigeria 131 in overall ease of doing business. This is 15 places up from the 2019 spot. The World...
Emerging reports say that the World Bank has approved a $3 billion loan for Nigeria. The facility is intended to assist the country deal with its...
Hello, the last 7 days have been quite eventful. Welcome to another serving of Business Wrap, a featured post highlighting some of the major events that unfolded...
The Nigerian government has revealed that the $3 billion loan facility it is seeking from the World Bank would be used to carry out reforms in...
It is common knowledge that the Federal Government on August 20th, 2019, ordered the closure of Nigeria’s border with Benin Republic, citing massive smuggling activities taking...
A former senator representing Kaduna Central, Shehu Sani, has reacted to President Muhammadu Buhari’s comment on the World Bank and the International Monetary Fund (IMF) assessment...
President Muhammadu Buhari has discredited data presented by the World Bank and the International Monetary Fund (IMF) on Nigeria, describing them as wild estimates that hardly...
Hello, it’s Sunday again. And, here is another serving of Business Wrap, a featured post highlighting some of the major events that unfolded during the week...
Nigeria has been ranked as one of the top 20 countries that improved in carrying out reforms in the Ease of Doing Business. This is according...
The World Bank has advised Nigeria on what to do in order to address issues of its large number of citizens living in extreme poverty....
The Nigerian government has approached the World Bank for a fresh loan of $2.5 billion. Vice-President for the African division of the World Bank, Hafez Ghanem,...
Data obtained from the Debt Management Office has revealed that the World Bank and the Exim Bank of China are Nigeria’s largest creditors with a combined...
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has revealed plans by the Federal Government to set up a multi-donor trust fund after...
Six Chinese companies operating in Nigeria have incurred the wrath of the World Bank as they have been blacklisted over alleged fraud and corruption. A publication...
The World Bank has disbursed N477.8m to 42 communities and seven groups in Katsina State for projects under its supported Community and Social Development Projects. The...
International magazine, The Economist has attracted the anger of the Buhari Media Organisation, BMO, over it’s latest poverty report on Nigeria. The Pro- President Muhammadu Buhari...
Imo State Governor-elect, Emeka Ihedioha has appealed to the World Bank to assist his administration in improving infrastructure in the state when he resumes office on...
The Ogun State Government has revealed that it is about obtaining a $350 million loan facility from the World Bank, less than a month to the...
Newly elected World Bank president, David Malpass, warns that nine in every ten extremely poor people across the world will be Africans come 2030. This was...
Nigeria’s former two-time Minister of Finance, Dr Ngozi Okonjo-Iweala, has declared that she is ready to take up the job of President of the World Bank,...
The Lagos Chamber of Commerce and Industry (LCCI) says the World Bank needs to review the indicators for composition of the Ease of Doing Business Index...
The World Bank has predicted that Nigeria’s Gross Domestic Growth, GDP, will expand by 2.2 percent in 2019. The World Bank made the prediction in its...
The World Bank and Forest Carbon Partnership Facility are currently working on an initiative to assist Nigeria in promoting its REDD+ agenda. REDD+ stands for countries’...
The Presidency has explained that the repatriated $322 million looted by the late Head of State, General Sanni Abacha, was used to make conditional cash transfer...
The World Bank, in a report, has listed Nigeria as the highest destination of remittances from the United Kingdom. According to the bank, Nigerians in the...
The World Bank, in its latest report on Nigeria’s economy, has said that fiscal deficits in the country will likely widen further in 2018. According to...
As Vice President Yemi Osinbajo continues distributing to petty traders the N10, 000 ‘TraderMoni’ from market to market across the country, having covered over 33 states...
After a deadly earthquake/tsunami killed more than 2000 people in Indonesia recently, another on Thursday killed three people and left the meeting of the International Monetray...
The International Monetary Fund (IMF) has said Nigeria needs to be cautious of the current depletion in its foreign reserves, noting that the normalization of interest...
The World Bank has lowered its growth forecast for Nigeria’s economy in 2018 to 1.9 percent as the growth continued to downsize in the oil and...
The Statistician General of the Federation, Dr. Yemi Kale, said the National Bureau of Statistics (NBS) would soon commence the Nigeria Living Standard Survey (NLSS) to...
There were indications on Tuesday that Nigeria might lose more than $80m in World Bank funding meant for strengthening the capacity of the country’s Small and...
The World Bank said it is making plans to increase its funding to Nigeria by $4.5 billion over the next three years. The Vice President of...