Debt Management: CBN Calls for Transparency, Training for Professionals
The Central Bank of Nigeria (CBN) has emphasised the importance of transparency in debt management and borrowing activities to build trust with investors, creditors, and the public.
The CBN Governor, Olayemi Cardoso, made the call in Abuja,...
FG Gets $500m W’Bank Loan to Bolster Electricity Distribution
The Federal Government has secured a $500m World Bank loan to bolster Nigeria’s electricity distribution sector, the Bureau of Public Enterprises announced on Thursday.
Power distribution companies in Nigeria have been widely criticised as being the weakest...
W'Bank Says Cash Transfer Scheme Shows Low Impact on Households
The World Bank says the conditional cash transfer scheme of the Federal Government had little impact on household consumption, financial inclusion or employment of beneficiaries.
The scheme was also noted to have had minimal impact on...
FG Pursues $750m W’Bank Loan, may Reintroduce Telecom Tax
In pursuit of securing a new $750m loan from the World Bank, the Federal Government may reintroduce previously suspended telecom tax and other fiscal measures.
This is according to the Stakeholder Engagement Plan for Nigeria – Accelerating...
$120bn Aid: W’Bank Calls Wealthy Nations to Invest in Africa
The President of the World Bank, Ajay Banga, warned wealthy countries that it would be shortsighted to “ignore” Africa at a time when development budgets are being strained by wars in Ukraine and Gaza.
African leaders...
