World Bank Approves Fresh $500m Loan for FG The World Bank Group has approved a loan of $500m to help drive women’s empowerment in Nigeria. This became the second loan approved by the World Bank under the new President, Bola Tinubu. It is a scale-up financing for...

World Bank Says Nigeria Receives Only 40% of Natural Resources Revenue The World Bank has disclosed that Nigeria and other metals and mineral resource-rich countries in Sub-Saharan Africa can double revenues from natural resources such as minerals, oil, and gas. In a statement announcing the new...

World Bank to CBN: Review RT-200 FX Policy to Stabilise Economy The World Bank has requested the Central Bank of Nigeria to reconsider its RT-200 Programme. The global bank stated that despite CBN's good intentions, the policy has created an additional foreign exchange window further worsening...

World Bank Report:  Nigeria's Climate change to cost 30% of its GDP by 2050  The World Bank recent report has projected that climate change could cost Nigeria 30% of its Gross Domestic Product (GDP) in 2050. This was disclosed in a release titled, “World Bank Group...

Although the second quarter report of the National Bureau of Statistics showed that Nigeria had exited recession, several challenges remain at different levels of government, the World Bank has warned. In a report released in Abuja on Wednesday, the World Bank pointed out some of...