The Governor of the Central Bank (CBN), Olayemi Cardoso, will lead Nigeria’s delegation to the World Bank and International Monetary Fund Annual Meeting in Washington DC, which opens on Monday, October 13.

World Bank Urges Govt to Implement Reforms and Fiscal Discipline   The World Bank has urged the Federal Government to sustain the momentum of its economic reforms by tightening fiscal and monetary policies, enhancing transparency in public finance, and consolidating gains from recent measures such as...

Presidency Faults World Bank’s Poverty Report The Presidency has faulted the World Bank’s latest economic report estimating that 139 million Nigerians live in poverty, dismissing the figure as “unrealistic” and inconsistent with the nation’s current economic realities. President Bola Tinubu’s Special Adviser on Media and Public...

FG Denies Nigeria's Exclusion from World Bank's Electricity Reforms   The Federal Government has reaffirmed its commitment to the World Bank and African Development Bank’s Mission 300 initiative, saying it was among the first countries to sign on earlier this year, despite not appearing on a...

Nigeria Seeks Fresh $1.75bn World Bank Loan   The Federal Government plans to increase its borrowing despite a significant 40.5 per cent surge in revenue for the first eight months of 2025. This boost in revenue has largely been driven by substantial gains in non-oil revenue...

Trust Issues, High Fees Keep 25% of Nigerians Unbanked, Says World Bank The World Bank says twenty-five per cent of Nigerians without bank accounts have highlighted trust issues and high charges as barriers to their involvement in the formal financial system This was indicated in the...