The federal government has named seven of the 36 states of the federation as beneficiaries of a $700 million loan sourced from the World Bank for water projects. The states are Ekiti, Kaduna, Delta, Imo,...
The World Bank and International Monetary Fund (IMF) 2021 annual meetings will be held in a hybrid format from October 11 to 17. This means the meetings will be held partially in-person and online, unlike last...
The African heads of state and governments have called for a replenishment of the World Bank’s International Development Association (IDA20) by at least $100 billion by the end of 2021 to meet with aspirations for the continent. In a statement...
The World Bank is to disburse an additional $750 million to strengthen the implementation of the States Fiscal Transparency, Accountability and Sustainability (SFTAS) scheme. The scheme was approved for Nigeria in December 2020 to support the...
Observing that the Central Bank of Nigeria’s management of the foreign exchange regime is a fundamental cause of the nation’s foreign exchange crisis, the World Bank has called for a more predictable foreign exchange management...
The World Bank, on Tuesday, revised its growth projection for Nigeria’s economy in 2021 to 1.8 per cent, up from 1.1 per cent it said in January. In its June 2021 Global Economic Prospects, titled, “Global...
The Federal Government, on Wednesday, said the disbursement of the $750 million World Bank grant under the National COVID-19 Action Recovery and Economic Stimulus (NG-CARES) will impact positively on the lives of vulnerable Nigerians who...
Remittances by Nigerians in the Diaspora declined by 27.7 per cent in 2020, the World Bank has said. A report by the World Bank titled ‘Defying predictions, remittance flows remain strong during COVID-19 crisis’ said Nigeria...
The National Bureau of Statistics (NBS) has faulted a claim by Labour Minister Chris Ngige, that the World Bank has questioned the methodology employed to generate Nigeria’s employment statistics. According to the NBS report released in March,...
The World Bank says Russia, Iraq, Iran, the United States, Algeria, Venezuela and Nigeria remain the top seven gas flaring countries for nine years running. The bank said this on Wednesday in Washington D. C. in...