W'Bank Warns of Imminent Interest Rate Rise in Nigeria The World Bank has said that Nigeria, Angola and Sierra Leone, with double-digit inflation and weakened domestic currencies, will maintain a high interest rate for a long period and may even increase it. The bank said that...

Increasing the price of Premium Motor Spirit (PMS), also known as petrol, may reverse the already diminishing effects of fuel subsidy removal in Nigeria, according to the World Bank. 

The World Bank has approved $1.57 billion for three new projects in Nigeria, aimed at helping the country address governance challenges in the education and healthcare sectors. 

World Bank, Ministry of Maritime Partner to Develop Blue Economy Sector The World Bank Group has expressed its desire to partner with the Ministry of Marine and Blue Economy to develop Nigeria’s maritime sector. Announcing this in a statement on Wednesday, an aide to the Minister...

World Bank Okays Fresh N2.4trn Loan For Nigeria   The World Bank has announced the approval of $1.57 billion ( N2.4 trillion at N1601 to a dollar) to boost human capital in Nigeria through better health for women, children and adolescents. According to a statement by the...

Health Sector Gets $1.57bn from World Bank The World Bank has approved three new financing totalling $1.57 billion to support the health sector in Nigeria. This was contained in a statement by the bank’s Country Office, today, in Abuja. According to the bank, the funds would be...