The World Bank has said the Central Bank of Nigeria (CBN) financing of the fiscal deficit has continued to fuel inflation by increasing liquidity in the money market....
• Owoh: It’s fruitless, costly effort to further defraud citizens • Economy risks junk status, experts warn • Country faces hard, painful choices, says Oxford economist,...
… lowers Nigeria’s economic growth forecast The World Bank has called on the Federal Government of Nigeria and other governments in the Sub-Saharan African region to...
The World Bank has advised Nigeria to take a decisive action towards exchange rate unification and stabilisation. The bank also said it was ready to support...
The World Bank has raised the alarm that Nigeria is facing an existential threat should it continue to pay trillions of naira on fuel subsidy in...
Rising debt has pushed Nigeria up the World Bank’s top 10 International Development Association borrowers’ list. The World Bank Fiscal Year 2021 audited financial statements, known...
… says $9bn needed to rebuild schools Almost 700,000 students and over 25,000 educators have been displaced since the outbreak of the Russian/Ukrainian war, the World Bank...
THE World Bank has warned that the rising prices of food items will reverse the progress of poverty alleviation in Nigeria. It gave this warning in...
The President of the World Bank Group, David Malpass has lamented the impact of rising food and energy costs across the world, urging Nigeria and other...
…says it could pose debts sustainability problem Nigeria’s increasing fuel subsidy could pose debt sustainability issue for the country, the World Bank has said. The bank...