The World Bank's fund for poor countries plans to provide a credit of $750 million for clean energy projects in Nigeria to increase the electricity in Africa's most populous nation, the International Development Association said on Friday.
The bank...
President Bola Tinubu has said that a thorough review of the civil service payroll in underway, saying he cannot believe the numbers he sees on the payroll.
He noted that along with this, a comprehensive forensic audit of the Central...
The World Bank is seeking to vastly expand its lending capacity to address climate change and other global crises and is expected to negotiate with shareholders ahead of April meeting of the body on proposals that include a...
The World Bank has urged the Federal Government to remove the current fuel subsidy regime, saying Nigeria might be facing an existential threat due to the continued payment of trillions of naira on the subsidy.
The Senior Public Sector Specialist,...
The World Bank has said that inflation shock is projected to push about 15 million more Nigerians into poverty between 2020 and 2022.
The Washington-based bank said this in its latest Nigeria Development Update report, titled, ‘The Continuing Urgency of...
The World Bank has warned that Nigeria could lose around N5trillion in 2022 from subsidising petrol.
The World Bank in its Nigeria Development Update (NDU) released on Tuesday in Abuja said N5 trillion is urgently needed to cushion ordinary Nigerians...
The World Bank has said Nigeria may have one of the highest inflation rates globally in 2022, with increasing prices diminishing the welfare of Nigerian households.
According to the World Bank, Nigeria is projected to have one of the highest...
The Federal Government has reiterated its commitment to support the 36 states and the Federal Capital Territory (FCT) in the implementation of COVID-19 Action, Recovery and Economic Stimulus (NG-CARES) programme.
The government said the move is in order...
The World Bank has projected $17.6 billion Diaspora remittances into Nigeria in 2021, representing 2.5 per cent increase from $17.2 billion recorded in 2020.
The Bank gave this projection in a report titled, “Migration and...
The World Bank has demanded debt transparency as a crucial step in countries’ development process, while it estimates that external financing needs in Nigeria and other low income developing countries will reach $429bn between 2023 and 2025.
It added that...
Students under the umbrella of the National Association of Nigerian Students, Ondo State chapter, took to the streets on Thursday to protest the worsening...
General Abdourahamane Tchiani
Niger's military ruler has been sworn in as the country's president for a transitional period of five years.
Gen Abdourahamane Tchiani has...
