World Bank approves $500m to support electricity distribution in Nigeria
The World Bank has approved $500 million to support Nigeria in the electricity distribution and improvement. In a statement made ...
Tag: World Bank
DMO: Nigeria owes World Bank, IMF, AfDB $31.98bn
The Debt Management Office (DMO) has disclosed that Nigeria took loans worth $31.98 billion from World Bank Group, International Monetary ...
Mali seizes 88 bars of gold worth $8.5 million hidden in car
Gold estimated to be worth seven million euros ($8.5 million) hidden in a car have been seized by customs officers ...
BREAKING: World Bank approves $1.5bn for Nigeria to reduce poverty
The World Bank has approved a $1.5bn for Nigeria to reduce poverty in the country. This is coming after the ...
Poor Nigerians will reach 100 million by 2022 — World Bank
Due to the impact of the COVID-19 pandemic on the country’s economy, the World Bank has projected that the number ...
BREAKING: Nigeria officially slides into worst recession since 1987
Emerging reports have shown that Nigeria has officially slid into its worst economic recession in over threr decades. This was ...
FG to borrow $750m from World Bank on behalf of states
The Federal Government is in the processing of accessing a $750m World Bank loan for states, the Minister of Finance, ...
36 State Governors to sign World Bank fiscal transparency subsidiary grant agreement
The 36 State Governors under the aegis of Nigeria Governors’ Forum (NGF) unanimously resolved to sign the World Bank’s State ...
COVID-19: Governors Received N1Billion Each From Buhari, N1.1Billion From World Bank – Yahaya Bello Reveals
Governor Yahaya Bello of Kogi State has revealed that governors of the 36 states received the sum of N1 billion ...
End SARS: World Bank, IMF advised to stop lending money to Buhari
Former presidential aide, Reno Omokri, has called on the International Monetary Fund and World Bank to stop lending money to ...
FG explains why Nigeria won’t take World Bank COVID-19 debt relief
The Federal government has said Nigeria will not take advantage of the current World Bank COVID-19 debt relief known as ...
Ekiti gets $20 million post-COVID-19 stimulus fund from world bank
The Ekiti State Governor, Dr Kayode Fayemi, has revealed that a grant of $20 million, has been approved by the ...
CBN adjusts official exchange rate to N379 to dollar
The official exchange rate of Naira to dollar has been adjusted to N379 by the Central Bank of Nigeria (CBN) ...
COVID-19: World Bank approves $114.28m for Nigeria
The World Bank has approved $114.28 million financing to help Nigeria prevent, detect and respond to the threat posed by ...
World Bank approves $750m loan to improve electricity in Nigeria
The World Bank has approved $750 million in International Development Association (IDA) credit for Nigeria’s Power Sector Recovery Operation (PSRO). ...
43% of world’s poor people live in Nigeria, two others, World Bank
The World Bank has warned on Tuesday that though Global economic growth could rebound next year but the number of ...
COVID-19: World Bank supports Nigeria with N31.2bn
The World Bank has announced N31.2 billion ($82 million) to support Nigeria’s fight against the COVID-19 pandemic. Announcing the support ...
87% of poor Nigerians are in the north, World Bank declares
No fewer than 87% of all the poor people in Nigeria are from the northern region of the country as ...
World Bank pledges to assist Nigeria increase IGR
The World Bank has pledged its support towards assisting Nigeria to increase its Internally Generated Revenue (IGR) to address poverty ...
Nigeria moves up 15 spots to 131 on World Bank’s ease of doing business ranking
Nigeria has moved up 15 place on World Bank’s Ease of Doing Business Index, ranking 131 globally This was disclosed ...
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