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…
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…
World Bank Blacklists 18 Nigerian Firms, Individuals for Corrupt Practices
18 Nigerian individuals and firms have been blacklisted by the World Bank for engaging in corrupt practices, fraud, and collusive practices in its 2021 fiscal year. A list of debarred…
SERAP Urges Tinubu To Probe $1.5bn World Bank Loan To States, FCT
The Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu to investigate the $1.5bn World Bank loan obtained by the 36 states and the Federal Capital Territory. In…
FG Battle to End Petrol Subsidy in 2022 as World Bank Condemns N2.9tn Funding
Shubham Chaudhuri, World Bank Country Director for Nigeria, has called on the nation to halt the payment of subsidy for premium motor spirit, otherwise called fuel. He stated this during…