Despite the huge borrowing, the World Bank has rated Nigeria low on infrastructure. While asserting that the country’s infrastructural deficit would likely reach $3 trillion in...
The World Bank has approved a sum of $750 million to help Nigeria in its efforts to create more jobs.
The number of unbanked adults in Nigeria continues to decline as the Federal Government through the Central Bank of Nigeria (CBN) intensified financial inclusion efforts.
Rising cost of goods and services is expected to compound Nigeria's high cost of subsidizing fuel and eventually impede the nation's ability to wriggle out of...
The World Bank Group has said COVID-19, the ongoing Ukraine war and rising global interest rates have pushed public debt in Nigeria and other low and...
The World Bank and the French Development Agence (AFD) have signed a tripartite agreement with the Federal Government of Nigeria to commit a total sum of...
The World Bank has said Nigeria’s rising inflation rate could push an additional one million people below the poverty line by the end of 2022. The...
The World Bank has said Rwanda will outgrow Nigeria, South Africa and all other African countries in 2022 despite the projected slow pace of growth when compared...
The World Bank has shown concern over the Central African Republic adopting Bitcoin as its legal tender. It also said “it will be physically impossible” for...
The World Bank says increasing fuel subsidy puts the Nigerian economy at a high risk as subsidy payments could significantly impact public finance and pose debt...