World Bank Tasks FG on Data Protection Law The World Bank has tasked the federal government to enact a data protection law as soon as possible. The global bank’s Country Director to Nigeria, Shubham Chaudhuri, made this known at a two-day Policy Dialogue on Nigeria’s Data...

Nigeria To Lose N5trn From Petrol Subsidy - World Bank   The World Bank has warned that Nigeria could lose around N5trillion in the year from subsidising petrol. The World Bank, in its Nigeria Development Update (NDU) released yesterday in Abuja, said N5 trillion is urgently needed...

Increasing Fuel Subsidy Puts Nigerian Economy At High Risk – World Bank   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 sustainability concerns. The Washington-based lender said this in...

Of Nigeria, NNPC and the Oil Windfall, By Kabir Fagge Ali Presently, it is obvious that the time is ripe for the oil producing countries to smile due to the unprecedented increase in oil price which eventually signaled an opportunity for a windfall. However,...

W/Bank Rolls Out N329.53bn Cash Transfer Programme In Nigeria   The World Bank is rolling out an $800m (N329.53bn at official exchange rate) facility designed to fund a large-scale Conditional Cash Transfer programme in Nigeria, the Nigeria Governors’ Forum hinted in its 36th teleconference meeting communique...

W/Bank Disagrees With CBN On Multiple Exchange Rates   The World Bank has said it disagrees with the Central Bank of Nigeria on how it is going about to achieve its price stabilisation objective. The Country Director for Nigeria, World Bank, Shubham Chaudhuri, said this to our...