world bank
World Bank Clarifies $10.50m Funding to CBN as Grant, Not Loan
The World Bank has clarified that the $10.50 million funding for the Central Bank of Nigeria (CBN) is a grant, not a loan,...
Olaitan Sodiq
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,...
Olaitan Sodiq
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...
Olaitan Sodiq
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...
Olaitan Sodiq
Nigeria Receives World Bank $1.5bn Loan for Subsidy Removal, Tax Reforms
The Washington-based World Bank has granted Nigeria a $1.5 billion foreign loan. The loan was granted as part of the federal government’s effort...
Olaitan Sodiq
World Bank Reveals Inefficiencies Cost Nigeria, Others Billion Dollars
A report by the World Bank has exposed the significant losses Nigeria and other developing nations incur due to inefficiencies in public spending....
Olaitan Sodiq
World Bank Approves $1.65bn Loans to Nigeria for Critical Development Projects in 2025
The World Bank has approved a significant loan package totaling $1.65bn (approximately N2.47 trillion) to Nigeria, with disbursement expected to take place in...
Olaitan Sodiq
World Bank Approves $500m for Nigeria’s Rural Roads
The World Bank has approved a $500 million concessional loan to tackle Nigeria’s worsening rural road infrastructure. The funding will be directed towards...
Olaitan Sodiq
World Bank Calls for $30 Trillion Investment to Achieve 2050 Emissions Targets
The World Bank has issued a strong call for an additional $30 trillion in investments to meet global net-zero emissions targets by 2050....
Olaitan Sodiq
