Inflation: World Bank Alerts On Danger Of Rising Debts The World Bank recent report has identified debt and inflation as major obstacles to global growth, with Nigeria debt skyrocketing to 15.92 per cent inflation. The Bank disclosed that high debt and deficit levels have put countries...

Increasing Fuel Subsidy Puts Nigerian Economy At High Risk – World Bank   The World Bank says increasing fuel subsidy puts the Nigerian economy at a high risk as subsidy payments could significantly impact public finance and pose debt sustainability concerns. The Washington-based lender said this in...

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...