The World Bank is expected to approve a $500 million loan for Nigeria on Friday as part of efforts to expand access to finance for micro, small and medium enterprises …
World Bank Nigeria
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BankingDevelopmentEconomyGovernment PolicyInternational Affairs
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AgricultureDevelopmentEconomyFinanceNewsNigeriaSmall BusinessSocial Protection
World Bank $500m Boost to Strengthen NG-CARES Support for Poor Households, Farmers and Small Businesses
The National Coordinator of the Nigeria Community Action for Resilience and Economic Stimulus, NG-CARES, Dr Abdulkarim Obaje, has said that the additional financing of 500 million dollars approved by the …
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AgricultureEconomyGOVERNMENTInternational RelationsMaritimeNigeria
Oyetola Moves to Cut Fish Imports, Boost Local Production
The Minister of Marine and Blue Economy, Mr. Adegboyega Oyetola, has pledged to significantly reduce Nigeria’s heavy dependence on fish imports by increasing local production through expanded aquaculture, modernised artisanal …
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EconomyFinance & ServicesGOVERNMENTInternational RelationsOil & Gas
IMF Warns Nigeria’s 2025 Budget May Deepen Financial Crisis Without Urgent Reforms
The International Monetary Fund (IMF) has raised serious concerns over Nigeria’s economic outlook for 2025, warning that the country may face a deeper financial crisis if it does not urgently …
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Cyber securityEconomyGOVERNMENTTechnology
NCC Partners World Bank to Launch New Cybersecurity Framework for Safer Digital Nigeria
The Nigerian Communications Commission (NCC) has unveiled a new cybersecurity framework designed to strengthen the digital safety and resilience of the country’s communication ecosystem. The initiative, which is backed by …
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BusinessEconomyFinance & ServicesINVESTMENTNigeriaTrade and Commerce
World Bank Flags Nigeria’s Weak FDI Performance as Afreximbank Pushes for African-Led Investment
Nigeria’s foreign direct investment (FDI) has continued to perform below expectations, with the World Bank revealing that the country attracted less than one per cent of its GDP in FDI …
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EconomyFinance & ServicesGOVERNMENTNigeriaPoliciesTrade and Commerce
FG Revenue Rises to N12.4tn in 2024 as World Bank Urges Trade Policy Reforms
The Federal Government of Nigeria recorded a substantial rise in revenue, climbing by 82.4 per cent from N6.8 trillion in 2023 to N12.4 trillion in 2024, according to the World …