World Bank

Nigeria among 10 countries with highest debts – World Bank

The World Bank has named Nigeria among top 10 countries with high debt risk exposure. This is contained in a…

3 years ago

FG borrowed N1.3tn to subsidise power, says W’Bank report

A new report of the World Bank has revealed that the Federal Government has borrowed a total of N1.3tn since…

4 years ago

World Bank raises Nigeria’s GDP growth projection to 1.8%

The World Bank has increased Nigeria’s Gross Domestic Product growth forecast for 2021 to 1.8 per cent, which is higher…

4 years ago

World Bank, FG move to end fuel subsidy

The Federal Government and the World Bank have discussed further reforms to eliminate fuel and electricity subsidies in the country.…

4 years ago

W’Bank to help Nigeria take 100 million people out of poverty

World Bank says it is focused on supporting the Federal Government in its plan to lift 100 million Nigerians out…

4 years ago

World Bank approves $500m for Nigeria’s power supply

The World Bank has approved $500 million to support electricity supply in Nigeria through large-scale metering and effective distribution. It…

4 years ago

11 African countries to get World Bank’s $5bn investment

The World Bank says it will invest over $5bn in the next five years to restore degraded landscapes, improve agricultural…

4 years ago

World Bank predicts Nigeria’s economic growth to resume at 1.1%

The World Bank forecasts that growth in Nigeria’s economy will resume this year at 1.1 per cent, which is weaker…

4 years ago

W’Bank set to disburse $1.5bn loan to Nigeria

The World Bank has approved Nigeria’s request for a $1.5 billion loan and will soon disburse the funds. The global…

4 years ago