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SERAP to World Bank: Suspend further loans to 36 states in Nigeria over N87trn debt

With Nigeria’s staggering debt of over N87 trillion, the Socio-Economic Rights and Accountability Project (SERAP) has urged the World Bank President, Mr Ajay...

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Pres. Tinubu seeks House of Reps’ approval for N2.1trn 2023 supplementary budget

President Bola Tinubu has written to the House of Representatives, seeking approval for supplementary budget of N2.1 trillion for 2023. The President said...

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World Bank announces historic collaboration between multilateral development banks

The World Bank is bolstering its collaboration with nine Multilateral Development Banks (MDBs) to fast-track solutions that can change the lives of people...

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For fifth consecutive year, Nigeria maintains its position as largest economy in Africa

Nigeria has consolidated its position as the largest economy in African for the fifth year in a row in 2022 with a nominal...

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World Bank Job: How Nigeria’s ex-Finance Minister Zainab Ahmed sidestepped FG’s nomination, appropriated position to herself

May assume duty on July 10, 2023 A devious plot conceived and hatched by a former Minister of Finance against Nigeria to circumvent...

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Ajay Banga appointed 14th World Bank President

The Executive Directors of the World Bank today appointed Mr Ajay Banga as the President of the bank for a five-year term beginning...

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Petrol subsidy removal: World Bank releases $800m to FG for palliatives

The Federal Government says it has received an $800 million World Bank grant for petrol subsidy palliatives ahead of subsidy removal in June....

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Global economy’s “speed limit” set to fall to three-decade low, World Bank report alerts

The global economy’s “speed limit” — the maximum long-term rate at which it can grow without sparking inflation — is set to slump...

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Amid economic crisis, rising cost of living, restive Ghanaians ask Pres. Akufo-Addo to quit

The peaceful protest was the latest in a series of struggles this year over the rising cost of living that has made it...

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Nigeria’s debt hits unsurpassed N41.6trn amid scheduled borrowing for 2023 budget

With the frightening debt profile of Nigeria over shooting N41.60 trillion incurred as of March 2022 amid plans to borrow more trillions to...

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Russia-Ukraine war: World Bank Group President, Malpass, announces $1.5bn for Ukraine’s essential services

``The bank would work closely with governments and the private across the world to `` win the battles against the multiple crises’’

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In Lebanon, economic meltdown worsens as inflation hits 215% in February

Inflation in Lebanon soared an annual 215 per cent in February as the country’s economic meltdown worsens and talks with the International Monetary...