The World Bank has urged the Central Bank of Nigeria (CBN) to stay committed to its inflation control measures. Dr Sameer Matta, Senior Economist for Nigeria,…
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Despite its status as Sub-Saharan Africa’s largest economy and most populous nation, Nigeria has not established itself as a significant contributor to foreign direct investment (FDI)…
The World Bank Group has imposed a 30-month debarment on two Nigerian companies, Viva Atlantic Limited and Technology House Limited, alongside their CEO, Mr. Norman Bwuruk…
The World Bank is scheduled to approve three large loan projects for Nigeria worth $1.65 billion in 2025 as part of efforts to solve the country’s…
The World Bank has unveiled a record $100 billion support package for the world’s poorest nations, following two days of discussions in Seoul. The funding, aimed…
Developing countries paid an unprecedented $1.4 trillion to service their foreign debts in 2023, with interest costs soaring to their highest levels in 20 years, the…
The World Bank has stated that the reforms implemented by Nigeria’s government are crucial but have placed significant pressure on its citizens, more than 50% of…
The World Bank has advised the Nigerian government to conduct an audit to reconcile the amount owed to the Federation by the Nigerian National Petroleum Company…
The World Bank has warned that reversing the reforms initiated by President Bola Tinubu’s administration would spell disaster for Nigeria. Ndiame Diop, the World Bank’s country…
The World Bank plans to introduce initiatives aimed at job creation, reducing gender disparities, and ensuring food security during next week’s meeting of global finance ministers…