The World Bank has released the Nigeria Development Update report, stating that over 129 million Nigerians are currently trapped in poverty. It released the report on...
The World Bank has announced a $500 million grant to support Nigeria’s recovery efforts from the impacts of the COVID-19 pandemic. The fund will be utilised...
The World Bank has approved a total of $2.25 billion loan for Nigeria to help stabilise its economy in the light of the ongoing reforms as...
As the global food crisis continues to wreak havoc, the World Bank says it has scaled up its efforts to tackle rising food insecurity, particularly in Africa. According...
Diaspora remittance inflows from Nigerians living in other countries around the world amounted to $125.169 billion in the six-year period spanning 2016 to 2021. This is...
The World Bank has provided one billion dollars to strengthen resilience and improve the livelihood of the people in the countries affected by the insurgency in...
The World Bank has revealed that domestic food price inflation remains high worldwide, amidst 205 million people facing acute food and nutrition insecurity. This is despite...
By Rosemary Iwuala David Malpass, The World Bank Group President, says global growth is expected to be weak in 2023, slowing to two per cent from...
Ahead of planned fuel subsidy removal by June 2023, the World Bank has granted the Nigerian government $800 million to put up a comprehensive palliative scheme...
The World Bank Group has delivered a record $31.7 billion in fiscal year 2022 (FY22) to help countries address climate change. This is a 19% increase...
Debt servicing is taking a better part of Nigeria’s fiscal arrangement as the Federal Government projected to spend up to N10.43 trillion to service debts by...
Faults Nigeria’s N6.7 trillion fuel subsidy The World Bank has committed $8.5 billion to Nigeria to fund critical issues ranging from agriculture to education. Disclosing...
Nigeria lost at least $1.8 billion yearly between 2010 and 2019 as a result of the federal government’s protectionist measures, the World Bank has said. According to the...
World Bank Sees Dangers against Nigeria’s 3.4% GDP Growth Forecast The World Bank has identified fuel shortage and rising inflation as likely restraints to economic growth...
The World Bank Board of Executive Directors on Tuesday approved additional financing of $250 million for Outcomes for Accelerated Learning (GOAL), a program which aims to...
By Ahmed Ayanfe The World Bank Group has said that public debt in Nigeria and other low- and middle-income countries is now at a 50-year high,...
At a time when central banks around the world are mounting desperate battles to contain inflation, in Nigeria it could be a case of the country’s...
Ahmed Ayanfe More people living in Nigeria and its Sub-Saharan neighbours are expected to fall into extreme poverty due to different factors affecting the global economy,...
Incurs N950bn domestics borrowing in Q1 2022 already As IMF, experts cry out Even amidst troubled revenue generation and socio-economic contradictions facing the country, Nigeria’s...
The World Bank announced on Wednesday a $93 billion replenishment package of the International Development Association to help 74 low-income countries respond to the COVID-19 crisis...
