World Bank Loan Of $800m To Be Repaid Over 25 Years By FG   The $800m loan approved by the World Bank as a subsidy palliative is expected to be repaid by the new administration after President Muhammadu Buhari regime. The Minister of Finance, Budget and National...

Global Growth Drops to 2% in 2023, Says World Bank The World Bank Group President, David Malpass says global growth is expected to be weak in 2023, slowing to two per cent from 3.1 per cent in 2022. Malpass said this in his Opening address at...

High Inflation: Naira lost 10% value in 2022 - World Bank The World Bank says Nigeria's currency, naira lost 10.2 per cent of its value in 2022. This came as rising food and fuel prices were responsible for high inflation in the country in 2022. The...

W’Bank Warns Incoming Govt, Projects Weak Economic Growth, Others The World Bank has said that the incoming administration in Nigeria will face weak economic growth and policy challenges this year. In its latest Africa’s Pulse report for April 2023, published on Wednesday, the bank predicted...

FG Secures $800m From World Bank As Palliatives For Poor Nigerians The Federal Government has secured the sum of $800 million from the World Bank under the National Social Investment Programme as part of palliatives to cushion the negative effects of the plan to remove...

Power: W/Bank Deploys 100 Solar Grids in Nigeria The World Bank has announced the deployment of 100 solar-powered mini-grids in Nigeria under its National Electrification Project, stating that its market-driven approach has expedited the process. The Bank revealed this in a press statement yesterday, that powering...