Inflation Pushes 129 million Nigerians into Poverty – World Bank Report
The World Bank has released the Nigeria Development Update report, stating that over 129 million Nigerians are currently trapped in poverty.
It released the report on Thursday in Abuja as headline inflation rises, forcing millions...
World Bank Reveals Why Nigeria Should Continue Current Economic Reforms
The World Bank has urged the federal government not to reverse the ongoing economic reforms, warning that it may have negative implications for the country.
Removal of fuel subsidy and abolishing multiple foreign exchange systems were...
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.Â
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.Â
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...
