World Bank Tasks Nigeria, Others to Reform Private Sector, Create Jobs
The World Bank has urged Nigeria and other countries in sub-Saharan Africa (SSA) to ensure cost-effective private sector reforms, uniform policy enforcement across firm sizes and regulatory alignment with regional trading partners among other...
Naira Falls 40%, Among Worst Currencies in Africa, Says W’Bank
The Nigerian naira is among the worst-performing currencies in Africa, weakened by nearly 40 per cent against the US dollar since a mid-June devaluation, says the World Bank.
The global bank explained in its report titled,...
Meet CBN Deputy Governor Nominee, Muhammed Sani Abdullahi
Muhammad Sani Abdullahi has over two decades of experience in development policy formulation, public finance and administration, and broad spectrum of project implementation in both private and public sectors. He is a development economist trained in prestigious...
Macroeconomic Management: Nigeria Needs Urgent Structural Reforms - World Bank
The World Bank has raised concerns over Nigeria’s macroeconomic management, calling for an urgent need for structural reforms to among other things improve revenue mobilization and financial management.
The Bank said this would be imperative for...
Nigeria’s Capital Expenditure Among Lowest Globally, Says W’Bank
The World Bank Country Director for Nigeria, Mr Shubham Chaudhuri, has said that public spending in the country is among the lowest globally.
He said this while making his keynote address at the annual banking and finance conference...
W/Bank Delays $8.6bn Loan To Nigeria, Report Says
Nigeria has about $8.25bn undisbursed World Bank loan as of July 2023.
This was based on data obtained from the Summary Statement of Loans/Credit/Grants on the website of the World Bank.
A breakdown further showed that the undisbursed loans...
