World Bank Raises Nigeria’s 2022 growth From 2.5% to 3.8% The World Bank has released a forcast on Nigeria’s economy for 2022, raising its growth to 3.8%, up from 2.5% projected earlier in the year. In its January 2022 Global Economic Prospects report, the Bretton Woods...

CBN: Nigeria Generates N29.95 Billion From Exportation of Electricity The Central Bank of Nigeria data report has revealed that Nigeria generated a sum of $72 million from electricity export in 2021, a naira equivalent of N29.95 billion, using the official exchange rate of N416/$1. This is...

Weak Digital Economy Hindering Many African Countries' Growth – World Bank   The World Bank has advised Nigeria and other African countries to focus on digital development as too many of Africa’s expanding youth population will be denied the opportunity to live up to their potential...

World Bank Suspends Nigerian Company, MD for Bribery THE World Bank has sanctioned a Nigerian information technology solutions company,  SoftTech IT Solutions and Services Ltd. and its Managing Director, Mr Isah Kantigi, for alleged corrupt practices. The Managing director of the company was sanctioned for 60 months; the...

Poor Nigerians To Hit 95.1m In 2022 - World Bank   The World Bank has said that poverty reduction stagnated since 2015, with more Nigerians falling below the poverty line over the years. President Muhammadu Buhari was first elected into the office of president of Nigeria in...

World Bank: Nigeria Couldn’t Save $342.1m with DSSI The World Bank report says Nigeria could have saved about $342.1m between January and December 2021 through the Debt Service Suspension Initiative (DSSI). This was disclosed on its website in a brief on Debt Service Suspension Initiative updated...