In a recent release of its Global Economic Outlook at the International Monetary Fund/World Bank Spring Meetings in Washington D.C., on Tuesday, the IMF provided projections for Nigeria’s economy, indicating…
In a bid to achieve optimization of revenue generation and enhance ease of doing business in the country, President Bola Tinubu, on Tuesday, inaugurated a steering committee to drive an…
Nigeria is seeking $1.5bn aid from the World Bank to tackle the severe dollar shortage contributing to the decline of the naira. “We’re hoping to get $1bn or $1.5bn from…
The World Bank has predicted that persistent insecurity, armed conflict, and deteriorating livelihoods will continue to affect local government areas in Borno, Kaduna, Katsina, Sokoto, Yobe, Zamfara states, and the…
An unprecedented 104 million Nigerians have slipped into poverty since the announcement of president Bola Ahmed Tinubu's economic reforms. The World Bank's Nigeria Development Update (NDP) report, which was…
The World Bank has finally given Nigeria $299.99 million of the $800 million authorized for the National Social Safety Net Program-Scale Up. 37.5% of the $800 million that was decided…
The request for a $3.45 billion loan from the World Bank to pay for five items was approved by the Federal Executive Council on Monday. They consist of initiatives for…
The World Bank has chosen Wale Edun, the Minister of Finance and Coordinating Minister of the Economy of Nigeria, to lead the African Governors' Forum According to the Ministry…
The Nigerian naira is one of the worst-performing currencies in Africa, according to the World Bank. Since a devaluation in mid-June, the currency, according to the study, has fallen by…
Ajay Banga, the president of the World Bank, will spend three days in Nigeria as part of a global tour to create a new playbook for the organization. While in…