Tag: World Bank
World Bank cuts funding to the Central Bank of Nigeria – What changed behind the scenes
In the routine flow of international development updates, few changes appear dramatic at first glance. Funding figures are…
Tinubu’s ₦38 Trillion Loan Sparks Fear as Nigeria’s Debt May Rise to ₦182 Trillion
In May 2025, President Bola Tinubu sent a letter to the National Assembly requesting approval for a new…
How Nigeria’s Economic Downturn Forced Companies Exit
The 30th Nigerian Economic Summit (#NES30) was held in Abuja on October 14, 2024. At that summit, the…
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…
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,…
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…
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…
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…
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.…
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…
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…
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…