Nigeria, World Bank Target Capital Market to Bridge Infrastructure Funding Gap   The Federal Government of Nigeria has initiated discussions with the International Finance Corporation (IFC), a member of the World Bank Group, to develop policies that leverage the capital market and other funding options within the country....

World Bank Urges FG to Ease Private Sector Constraints   The World Bank has called on the Federal Government to tackle major obstacles stifling private sector growth in Nigeria. By implementing reforms in crucial sectors, the country could unlock billions of dollars in investments and create...

FG Seeks Additional $580m Loan from World Bank  Two fresh loans totaling $580m are being sought from the World Bank in March 2025. The projects, Accelerating Nutrition Results in Nigeria 2.0 and HOPE for Quality Basic Education for All, are expected to receive final approvals on...

Word Bank Suspends Two Nigerian Firms Over Corruption The World Bank Group has announced the 30-month debarment of two Nigerian companies, Viva Atlantic Limited and Technology House Limited, alongside their Managing Director and Chief Executive Officer, Mr Norman Didam, for fraudulent, collusive, and corrupt practices...

FG Disburses N32bn to World Bank, Others in 2024 Nigeria fulfilled its membership obligations to international organizations in 2024 by disbursing N32 billion to the World Bank and five other global bodies. According to findings by Economic Confidential, the disbursements, released through the Office of the...

World Bank Forecasts 3.5% Economic Growth for Nigeria in 2025 According to the World Bank's latest projections, Nigeria's economy is expected to experience steady growth, with a 3.5% expansion predicted for 2025, followed by a slight increase to 3.7% in 2026, indicating a positive outlook...