W'Bank Urges FG to Stop subsidy payment, Increase Petrol Price to N750/litre The World Bank says the federal government may still be paying for petrol subsidy as fuel prices in Nigeria are currently not cost-reflective. It said Nigerians should pay about N750 per litre as against...

W’Bank Knocks NNPCL, Says not Transparent on Subsidy Gains, Oil Revenues The World Bank has disclosed that the Nigeria National Petroleum Corporation Limited is not transparent about the financial gains from fuel subsidy removal. This extends to subsidy arrears that are still being deducted and the...

World Bank Approves $300m Palliative Loans - Report The World Bank has commenced payment of the $800m approved for the National Social Safety Net Program-Scale Up. Documents obtained from the apex bank shows that about $299.99 million was disbursed to Nigeria under the National Social Safety...

FG Approves $3.45bn W’Bank loan to Finance Five Projects The Federal Executive Council had approved the application for a $3.45bn loan to finance five projects. They include projects in the power sector, renewable energy, states’ resource mobilisation programme, adolescent girls’ initiative for learning and empowerment and...

IMF Prescriptions: A Cautionary Note To President Tinubu, by Muhammad Sagagi   The point being made that the IMF and the World Bank lend ‘critical support’ to countries around the globe is well noted. However, the real issues go beyond ‘lending support’ to countries. More pertinent...

Again, FG Seeks $400m W'Bank Loan to Fund 15m Households The Federal Government has applied for a fresh loan of $400m for the conditional cash transfer to 15 million households as one of the measures to cushion the effects of the removal of petrol subsidy. The...