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 Suspends Nigerian Firm, MD for For Five Years Over ‘corrupt Practices’
The World Bank has stated that SoftTech IT Solutions and Services Ltd. (SoftTech) an information technology solutions company based in Nigerian and its Managing Director, Mr Isah Kantigi, has been…
World Bank Flags $32m Missing in Nigeria’s Water Project Funds
The World Bank has uncovered a staggering $32 million in unaccounted funds in a Nigerian water sector project, sparking concerns of potential embezzlement and financial mismanagement. The discovery, made through…
Nigeria Economic Growth Will Decline in 2023 – World Bank
Nigeria’s economic growth will slow down next year, a World Bank report said. This was disclosed in a recent report released in Washington on Tuesday, October 4, and tagged Africa’s…
Nigeria Set to Receive $500m World Bank Loan for Rural Development
The Federal Government is negotiating a $500 million loan with the World Bank to boost rural access and agricultural marketing across Nigeria, sources have confirmed. The loan, which is expected…
World Bank President, David Malpass Resigns
World Bank president, David Malpass on Wednesday announced that he would step down from his position by the end of June. “After a good deal of thought, I’ve decided to…
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. In its newly released “Net-Zero Industry Tracker…
Number of Poor Nigerians to Hit 101m Over Subsidy Removal
The number of poor Nigerians is set hit one hundred and one million due to fuel subsidy removal. This was disclosed by World Bank on Tuesday in Abuja when it…