World Bank Approves $500m to Expand MSME Financing in Nigeria
World Bank approves $500m FINCLUDE funding to boost MSME access to credit in Nigeria Programme targets women-led businesses and agribusinesses to drive jobs and inclusive growth Project expected to unlock…
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…
Moghalu Kicks as FG Plans Fresh $1.5bn World Bank Loan
Plans by the Federal Government to borrow a fresh $1.5 billion loan from the World Bank have attracted kicks and condemnation from various quarters. Daily Report Nigeria reports that Wale…
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 to implement fuel subsidy removal and tax…
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…
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…
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…
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…