Fed Govt Received $339m From World Bank In 2022   The Federal Government has received $338.98m from the World Bank in 2022, which it plans to release to states soon. The funds were released under the State Fiscal Transparency, Accountability and Sustainability project, which was initiated in...

Naira Depreciation: Nigeria’s Food, Energy Crisis to Worsen - W’Bank The World Bank’s latest Commodity Markets Outlook report has revealed that the weakening value of the Nigerian naira and the currencies of most developing economies has driven up food and fuel prices in ways that...

IMF, World Bank to Assess Nigeria’s Debt Sustainability The President of the World Bank Group, David Malpass, has said that the bank will work with the International Monetary Fund to assess Nigeria’s debt sustainability. Malpass said this during the 2022 annual meetings opening press conference in...

IMF Warns CBN of Financial Instability with Rate Hikes The International Monetary Fund has warned that Nigeria and other emerging economies are at risk of financial instability if benchmark interest rates are continuously raised. In a new report entitled, “Interest Rate Increases Volatile Markets Signal Rising...

Extremely Poor People Reside in Nigeria, Congo - W’Bank Report The World Bank in its latest 2022 Poverty and Prosperity Report says many extremely poor people in the world are in Nigeria and Congo. The financial institution, however, noted that despite having a large share of...

World Bank Projects 102% Revenue, Debt Service For Nigeria     The World Bank has said that public debt in Nigeria is concerning due to the rising debt service-to-revenue ratio. According to the bank, the debt service to revenue ratio could stand at 102.3 per cent by the...