World Bank
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...
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...
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...
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....
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...
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...
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...
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’’
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...
Low income countries’ debt profile rises to all-time high $860bn in 2020 — World Bank report
“The report noted that even prior to the pandemic, many low- and middle-income countries were in a vulnerable position, with slowing economic...
Time of upheaval: World Bank says it is worried about debt burden of some countries, calls it unsustainable
World Bank Group President David Malpass has expressed worry that the debt burden of some countries has become unsustainable and also getting...
More than 100 million Nigerians are the country’s poor with poor disposable income amid rising inflation, says World Bank
“Removal of petroleum subsidy is suspended because the government is looking for alternatives to ensure that Nigerians do not suffer’’ — Agba, the...
SERAP flays World Bank’s $500m electricity fund approved for Nigeria
The $500 million funds approved to improve access to electricity in Nigeria between 1999 and 2020 has drawn the ire of the...
