Nigeria Secures $2.25bn World Bank Loan
The World Bank has approved a total of $2.25 billion for Nigeria to support the Federal Government’s efforts to stabilize the economy.
The international lender announced the approval of two significant financial operations aimed at bolstering Nigeria’s economic stability and...
W'Bank to CBN: Interest Rate Hike may not Lower Inflation
The World Bank has stated that monetary policy tightening by the Central Bank of Nigeria (CBN) may not rein in inflation and remains a risk to Nigeria’s growth outlook.
The international lender disclosed this in its...
Fiber-optic Cable: FG, W’Bank Begin Talks on 90,000km Project
Just a few weeks after the Federal Government approved a special purpose vehicle to support the delivery of an additional 90,000 km of fibre optic cable, it has begun talks with the World Bank.
The Minister of...
Improving Cross-Border Data Services
By Shuaib S. Agaka
The collaboration between the National Information Technology Development Agency (NITDA), the World Bank, and the World Trade Organisation marks a significant step towards realizing the potential of a digital transformation that promises to spur economic growth and development.
The...
The World Bank has affirmed its 3.3 per cent economic growth forecast for Nigeria in 2024 saying the nation’s economy was mildly buoyant in the early part of the year despite macroeconomic adjustments.Â
Debt Servicing Gulps $2.2bn in Five Months – CBN
Nigeria’s debt servicing gulped about N2.2bn in the first five months of this year, the latest data from the Central Bank of Nigeria (CBN) have revealed.
This is almost half of the $4.8bn projected for the entire...
