The World Bank has said that Nigerian states will likely lose N18.8bn in oil and gas revenues in 2022, as worsening revenue collection at the federation...
Countries around the world are facing recession as the Ukraine war hits economies already rocked by the Covid pandemic, the World Bank has warned. Less developed...
The head of the World Bank has warned that Russia’s invasion of Ukraine could cause a global recession as the price of food, energy and fertiliser...
The World Bank has said Nigeria has the largest shortfall among oil-producing countries due to sabotage within the oil production system and other factors, such as...
The President of the World Bank Group, David Malpass, has said the bank is working on a crisis response of around $170bn in financing capacity to...
The World Bank has disclosed that import restrictions and non-flexible exchange rate management of the Central Bank of Nigeria are the major driving forces for food...
According to the World Bank, raising fuel subsidies puts the Nigerian economy at risk since subsidy payments might have a substantial impact on public finances and...
The World Bank has sanctioned SoftTech IT Solutions and Services Ltd., a Nigerian information technology solutions company, and its Managing Director, Mr Isah Kantigi, for alleged...
The World Bank has said that poverty reduction stagnated since 2015, with more Nigerians falling below the poverty line over the years. The President, Major General...
• Nigeria could spend N360bn monthly on subsidy, says World Bank The Country Director, World Bank, Shubham Chaudhuri, says Nigeria’s decision to postpone the full deregulation...
