The World Bank and the International Monetary Fund (IMF), have initiated plans to fast track the implementation of the G20 debt relief scheme. The announcement was made at the 2022 Spring Meetings of the World Bank-IMF...
The World Bank says increasing fuel subsidy puts the Nigerian economy at a high risk as subsidy payments could significantly impact public finance and pose debt sustainability concerns. In a new biannual report known as Africa’s...
Vice President Yemi Osinbajo and his Tanzanian counterpart Dr. Philip Isdor Mpango are united in their views regarding energy transition as the global community moves towards a net-zero emissions target. Spokesman to the vice president, Laolu...
The World Bank has sanctioned AIM Consultants Limited, a Nigerian consultancy company, and its Managing Director, Amin Moussalli, for alleged corrupt practices. The firm, which was involved in the Nigeria Erosion and Watershed Management Project, was...
The World Bank, in its latest Global Economic Prospects report released on Tuesday, has projected the Nigerian economy to grow by 2.5 percent in 2022, up from an estimated 2.4 percent growth in 2021. The bank...
The World Bank says the increase in food prices could push additional six million Nigerians into poverty — calling on the government’s attention for short-term policies to support welfare. Using the Nigeria COVID-19 National Longitudinal Phone...
The World Bank's board has turned down a request by IMF Managing Director Kristalina Georgieva for a meeting to defend herself against claims that she pressured staff to alter data as the bank's CEO in...
The World Bank has blacklisted 18 Nigerian individuals and firms for engaging in corrupt practices, fraud and collusive practices in its 2021 fiscal year 2021. A list of debarred individuals and firms was presented in a...
Nigerians in Diaspora remitted $65.34bn in three years to boost economic activities in the country, according to data from the World Bank. According to the World Bank data, in 2018, the Nigerian Diaspora remittance was $24.31bn;...
The Debt Management Office (DMO) has faults reports the World Bank had listed Nigeria among 10 high-debt risk nations was false but misleading. The reports claimed that the World Bank had classified Nigeria as one of...