World Bank
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...
Economy: Why we print more money to finance FG’s budget, by CBN Governor
The Central Bank of Nigeria (CBN) has come out to explain why it is printing more money to finance the Federal Government’s...
Breaking: World Bank grants Nigeria’s $1.5bn loan
After several months of application, the World Bank has finally approved Nigeria’s $1.5 billion loan. The facility was prepared jointly with the...
FG, World Bank roll-out solar energy for 25m homes at N4,000 monthly from December 7
An interventionist power programme of the Federal Government tagged, “Solar Home Systems”, takes off nationwide this week. Under the programme, an...
COVID-19 grant: SERAP cautions World Bank against disbursing $114.28m to Nigeria
Worried by its perceived lack of frugality and accountability in managing loans and other funds by the authorities in the country, the...
World Bank, IMF call on bilateral creditors to suspend debt payments from poor countries
The World Bank Group and International Monetary Fund, with immediate effect, have called on all official bilateral creditors to suspend debt payments...
87% of Nigeria’s poor people are in the North, says World Bank
….Pres. Buhari’s North-West records half of the figure A huge 87 per cent of the poor and wretched in Nigeria are in...
Nigeria needs $3 trillion to address infrastructure deficit- Finance Minister
Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has disclosed that Nigeria requires about $3 trillion over the next 30...
