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...
The new excise duty for alcoholic beverages and tobacco will take effect from Monday, June 4, 2018, indicating an increase in the prices of the products...
By SOC Okenwa… The executive Governor of Kaduna state, Mallam Nasir Ahmad El-Rufai, is a small man of big ideas. He is indeed highly intelligent and...
The World Bank Group has expressed its satisfaction with the performance and growth recorded in the Nigerian economy since it emerged from recession. The bank made...
A World Bank Mission, comprising of 10 Executive Directors, is expected in Nigeria on Wednesday. While here they are billed to hold high-level discussions with the...
The Federal Government and the World Bank are in the final stage of negotiation for the release of $1bn performance-based loan for Nigeria’s Power Sector Recovery...
The World Bank said it had approved an International Development Association (IDA) Credit and an IDA Scale Up Facility Credit in the total amount of $486...
The World Bank has said it is willing to assist Nigeria’s Power Sector Recovery Programme (PSRP) by extending a loan of $1 billion to the country...
The World Bank has said that about 80 million Nigerians including residents in 8000 villages across the country lacked access to electricity. World Bank Global Lead,...
The World Bank Group has said that it was misquoted by the media report which claimed that it disagreed with Nigeria’s Finance Minister, Mrs. Kemi Adeosun,...
The President of the World Bank Group, Jim Yong Kim, said Thursday that the bank had concentrated on the northern region of Nigeria because President Muhammadu...
Africa is undeterred by the failures of the past and the continent is motivated by the incredible energy and talent of its bustling youthful population, according...
Rachid Benmessaoud, Country Director World Bank for Nigeria, has assured the Economic and Financial Crimes Commission, EFCC, of adequate support under the World Bank’s ‘Economic Governance...
Relief is on the way for Nigerian electricity consumers as the Federal Government has concluded plans to obtain a total of $5.2bn from the World Bank...
President Muhammadu Buhari has formally written to the National Assembly, seeking its approval to borrow over $12 billion loan. President of the Senate, Bukola Saraki, while...
The IMF/World Bank Spring Meetings ended in Washington on Sunday with the World Bank’s leadership giving indications that Nigeria’s economic woes were about to end. In...
Any progress that makes availability of dollars in its economy temporarily possible can only be sustainable, if a more definite reform policies are put in place...
The World Bank has ranked Nigeria in fourth position among West African countries in its Global Trade Logistics Performance Index (LPI) for 2016. Leading the pack...
With the relative stability in the Niger Delta and improved oil price in the international market, Nigeria’s loan requests with the World Bank and the African...
Small and medium-scale farmers in Nigeria have attracted $200 million World Bank loan facility to the country. The bank’s loan will have a low-interest rate, and...
