World Bank Approves Fresh $700m Loan for Nigeria
The World Bank has approved a fresh $700 million loan to support education and empowerment initiatives for adolescent girls in Nigeria. The loan will be used to scale up the…
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. The report, titled "How Can Developing Countries…
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…
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…
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…