World Bank Predicts Steep Fall in Global Commodity Prices by 2026
World Bank projects Commodity prices to hit lowest level in six years, dropping 7% in 2025 and 2026. Report cites weak growth, oil surplus, and policy uncertainty as major factors.…
World Bank Warns: 141 Million Nigerians To Live In Poverty By 2026
World Bank projects Nigeria’s poverty rate to hit 62% by 2026, representing 141 million Nigerians. Inflation, weak growth, and economic instability remain the biggest poverty drivers. Bank urges sustained fiscal…
World Bank Set to Approve $750m Loans for Nigeria Tuesday
The World Bank is expected to approve two major loans totaling $750m for Nigeria on Tuesday, September 30, 2025 $250m health programme to strengthen pandemic preparedness Economists warn rising debt…
World Bank Debars Two Nigerian Firms, CEO Over Corruption
The World Bank Group has debarred two Nigerian companies. The debarment is due to fraudulent, collusive. The companies and Didam misrepresented conflicts of interest. The World Bank Group has announced…
Be Careful With IMF, World Bank Economic Prescriptions – Tinubu Warned
A popular economist and former President of the Council of Chartered Institute of Bankers, Prof Segun Ajibola, has said the International Momentary Fund, IMF or World Bank’s prescriptions for Nigeria…
Nigeria, World Bank Collaborate on Capital Market Funding for Infrastructure
FG has begun discussions with the World Bank to explore funding options for infrastructure development through Public Private Partnership (PPP). The Infrastructure Concession Regulatory Commission (ICRC) met with a World…
2024 Inflation Rate To Decline – World Bank
The World Bank, in its recent announcement on Monday, predicts that Nigeria's inflation rate will decline to 24.8 per cent year-on-year (YoY) in 2024. World Bank's projection follows the Nigerian…
World Bank May Approve $1.13bn Loans for Nigeria Soon – Report
The World Bank may approve $1.13 billion in loans for Nigeria by the end of March 2025 to support economic resilience, health security, and education reforms. Three key projects are…
World Bank, AfDB to connect 300m Africans to electricity
The World Bank Group and the African Development Bank Group are partnering to provide no fewer than 300 million Africans with electricity access by 2030. This is contained in a…
FG in Talks with World Bank to Boost Fibre Optic Capacity to 125,000km
Just a few weeks after the Federal Government approved a special purpose vehicle to support the delivery of an additional 90,000 km of fibre optic cable, it has begun…