W/Bank Says Nigeria’s Economy Will Grow By 2.4% In 2021
The World Bank has said Nigeria’s economy is projected to grow by 2.4 per cent in 2021.
This is an increase in the bank’s earlier growth projection of 1.8 per cent made in January this year.
The...
Germany Pledges N48bn To Nigeria For Economic Development
The Federal Republic of Germany has pledged a sum of N48 billion (€101 million) in 2021 and 2022 to support Nigeria in its growth recovery from the COVID-19 pandemic.
The disclosure was made during the end of a...
COVID-19: World Bank Okays $11.5bn For Nigeria, Others
The World Bank has said it approved $11.5bn in lending to Western and Central African countries for 98 operations.
The World Bank said this in its ‘Annual Report 2021: From crisis to green, resilient, and inclusive recovery’.
The bank...
Nigeria Spent N445bn On Debt Servicing In Q2, Debts Hit N35trn
Nigeria spent N445.4bn on debt servicing payments in the second quarter of this year, the latest data obtained from the Debt Management Office have shown.
From April to June 2021, Nigeria spent N322.7bn on domestic...
Nigeria, Others Losing $82bn To Gas Flaring Annually
By flaring, rather than utilising gas for power generation or other domestic needs, Nigeria and other nations involved in such act , could lose up to $82bn a year due to global gas flaring, says GlobalData report.
The...
Nigeria’s Oil Reserves Dropped By 543m Barrels – OPEC
The 2021 Annual Statistical Bulletin of the Organisation of Petroleum Exporting Countries released on Wednesday showed a drop of 543 million barrels in the crude oil reserves of Nigeria.
Figures on world proven oil reserves by country...
