$30bn Required as Financial Institutes Partner to Provide 300m Africans Electricity The World Bank and African Development Bank (AfDB) have struck a partnership arrangement to boost access to electricity in Africa. The partnership, according to the lenders, would provide at least 300 million people in Africa...

Rising Inflation Sends 10m Nigerians into Poverty – World Bank The World Bank in its Macro Poverty Outlook for Nigeria: April 2024 has stated that rising inflation and weak earnings have pushed 10 million Nigerians into poverty in 2023. Presenting a grim reality where earnings have...

Nigeria Issues N8trn in Treasury Bills to Stabilise Economy – Finance Minister The Minister of Finance and Coordinating Minister of Economy, Wale Edun, on Thursday said the fiscal authority is complementing the efforts of the Central Bank towards ensuring the stability of the economy through...

The International Monetary Fund (IMF) has recently revised its economic growth forecast for Nigeria, increasing it from 3.0% to 3.3% for 2024.

Nigeria, Ethiopia, Others Record Fastest Rise In Food Inflation – World Bank Nigeria, Ethiopia, Malawi, Sierra Leone, and Zimbabwe are the sub-Saharan African (SSA) countries that recorded the fastest rise in food inflation in February this year, according to a new report by the World...

World Bank Halts $700M Loan to Nigeria Amid Controversy over Water Bill A $700 million World Bank loan for a Rural Water Supply and Sanitation Project in Nigeria has been put on hold due to legislative gridlock. The Sustainable Urban and Rural Water Supply, Sanitation and...