The Lagos Chamber of Commerce and Industry (LCCI) has expressed worry over Nigeria’s rising debt profile and servicing, against dwindling revenue, calling on the Federal Government (FG) to discontinue the …
The World Bank has assisted Nigeria with the sum of $8.5 billion to target some critical issues in Agriculture and the educational sector. The donation was confirmed in Abuja on Thursday during …
Nigeria’s inflation rate is now 20 per cent above the World Bank’s projection of 15.5 per cent. In its recent ‘Nigeria Development Update (June 2022): The Continuing Urgency of Business …
The Federal Government of Nigeria, on Thursday, secured the biggest share of the $65bn (N27tn) funding from the World Bank’s International Development Association to African countries. This was as the …
World Bank has extended a KSh390 million facility to 14 firms in 14 counties, seeking to use solar energy to light up areas not on the national grid, and benefitting …
The World Bank has stated that Nigeria’s external reserves are expected to decline as the Central Bank of Nigeria (CBN) is expected to clear $1.7 billion worth of FX backlog …
The Nigerian government has increased its stake in Shelter Afrique, a pan African housing development financier, with about $7.15 million in additional capital subscription, moving its equity from 13.27 percent …
The World Bank has predicted that more people in Nigeria and its Sub-Saharan neighbours are expected to fall into extreme poverty. According to a report obtained via a World Bank newsletter …
The World Bank has said it is set to disburse a total of $30bn to fund existing and new projects in Nigeria and other countries as part of a global …
Ethiopia and the World Bank have signed a pact for a grant of $300 million to assist reconstruction and recovery in conflict-hit areas, the finance ministry said. Fighting that erupted …