The World Bank Group has approved a loan of $500m to help Nigeria drive women’s empowerment. The loan, which will be the second under Bola Tinubu,...
Adebayo Obajemu The World Bank Task Team Leader for the NG-CARES, Professor Foluso Okunmadewa, has disclosed that the Federal Government will soon get a one-year extension...
The World Bank says that Nigeria’s constant fiscal deficit has worsened the nation’s public debt stock, with 96.3 per cent of government revenue spent on servicing...
David Malpass, president of the World Bank Group, says global growth is expected to be weak in 2023, slowing to two per cent from 3.1 per...
The World Bank has said that the nation’s currency, naira, lost 10.2 per cent of its value in 2022. This came as rising food and fuel...
World Bank has approved $311m to increase grid-connected renewable energy capacity for West Africa in International Development Association financing. It noted that existing and prospective electricity...
The World Bank, has lowered its economic growth forecast for Nigeria in 2023 from 3.3 per cent to 3.2 per cent. The Bretton Woods institution cited...
Adebayo Obajemu The World Bank Group has warned the Central Bank of Nigeria (CBN), and other central banks across the world on the possibility of global...
Global financial institution, the World Bank and the United States Export-Import Bank (EximBank) have committed $3 billion in investment to Nigeria’s energy transition plan. The organisations...