Fed Govt Pays N405bn Interest On CBN Loans   The Federal Government paid an interest of N405.93bn from January 2022 to April 2022 on the loans it got from the Central Bank of Nigeria through the Ways and Means Advances. This is according to data obtained from...

World Bank Tasks FG on Data Protection Law The World Bank has tasked the federal government to enact a data protection law as soon as possible. The global bank’s Country Director to Nigeria, Shubham Chaudhuri, made this known at a two-day Policy Dialogue on Nigeria’s Data...

Nigerians Richer as Income Per Capita Rises 5% to $5,250 - World Bank The World Bank’s latest Gross National Income per capita report shows that Nigeria’s gross national income per capita has surged to $5,250 per capita in 2021. This is a 5% increase compared...

Nigeria’s Inflation Exceeds World Bank Projection By 20%   Despite raising its Monetary Policy Rate (interest rate), Nigeria’s inflation rate is now 20 per cent above the World Bank’s projection of 15.5 per cent. In its recent ‘Nigeria Development Update (June 2022): The Continuing Urgency of Business...

Nigeria Among Top 10 Countries With Worst Inflation Rate - W/Bank The World Bank recently listed Nigeria among the top 10 countries in the world with the worst inflation rates based on 2021 figures. Nigeria ranks eighth on the list, with an annual inflation rate of...

N41.6tr debt: Nigeria Fails Disclosure Rule set for IDA counties - World Bank The World Bank has announced that Nigeria has failed to meet full disclosure rating conditions on debt reporting over the past three years. Also,  Debt Management Office (DMO) data showed that the country’s...