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...
IMF, World Bank Partner On $5.2bn To Support Ukraine
The International Monetary Fund (IMF) and World Bank Group have announced they will respond to Ukraine’s request for urgent financing with about $5.2bn cumulatively.
They disclosed this in a joint statement titled, ‘Joint IMF-World Bank Group statement...
Hidden Debts, Bad Loans Stopping New Credits - W/Bank
The World Bank Group has said non-performing loans and hidden debts are making it difficult for banks to grant new credits to customers.
In a report released yesterday, the bank disclosed that developing countries face growing risks...
'Nigeria Now Depends On IMF, W/Bank Loans To Pay Workers’ Salaries'
​A Professor of Virology and member of the World Health Organisation’s Technical Advisory Group on COVID-19 Vaccine Composition, Oyewale Tomori, has lamented the refusal of successive administrations in Nigeria to invest in science and...
