The World Bank has said that Nigeria and other developing countries are facing debt crisis, noting that the situation has intensified. David Malpass, World Bank Group...
The World Bank has said that subsidy payments by the Nigerian government, particularly on petrol and electricity do not benefit the country’s poor population which was...
The President of the World Bank Group, David Malpass, has said that the bank will work with the International Monetary Fund to assess Nigeria’s debt sustainability....
Five Nigerian firms and individuals have been debarred for engaging in corrupt practices. The World Bank also recognized the debarment of two Nigerian companies debarred by...
A World Bank report has predicted that Nigeria’s economic growth will slow down in 2023. The report, released in Washington yesterday, October 4, and tagged Africa’s...
Data from the World Bank website has revealed that the institution committed a total of $7.93bn in the 2022 fiscal year, which was from July 2021...
The World Bank says Nigeria has received $700 million from the $31.7 billion disbursed as climate financing in the 2022 fiscal year. In a report titled,...
The World Bank has estimated that climate change could cost Nigeria 30% of its Gross Domestic Product (GDP) in 2050. This was disclosed in a release titled, “World...
The World Bank Group’s President, David Malpass, has stated that the bank is prepared to assist Nigeria in phasing off regressive fuel subsidies while enhancing social...
The Kano State Government in collaboration with the World Bank and French Development Agency would construct 6,300km of rural roads across the state. The Director-General, Kano...