W/Bank Projects $17.6bn Diaspora Remittance To Nigeria   The World Bank has projected $17.6 billion Diaspora remittances into Nigeria in 2021, representing 2.5 per cent increase from $17.2 billion recorded in 2020. The Bank gave this projection in a report titled, “Migration and Development Brief 35”, attributing...

Nigeria’s Remittance Inflow Rebounds, Now $17.6bn - W/Bank Nigeria’s remittance inflow is set to hit $17.6bn and push inflows to Sub-Saharan Africa to $45bn in 2021, a new report by the World Bank has indicated. Remittance inflow to Nigeria was $17.2bn as of December, 2021. The World...

Inflation May Push 91m Nigerians Below Poverty Line – W/Bank The World Bank says the general increase in food prices which occurred between June 2020 and June 2021 may have increased the percentage of Nigerians living below the national poverty line from 40.1 per cent...

Reps Probe Alleged Fraud Of W/Bank Funds For Assets Insurance   The House of Representatives has urged the Federal Ministry of Finance, Budget and National Planning, the National Insurance Commission and all ministries, departments and agencies of the Federal Government to ensure proper actuarial valuation and...

W/Bank Demands Debt Transparency, Says Nigeria, Others Need $429bn   The World Bank has demanded debt transparency as a crucial step in countries’ development process, while it estimates that external financing needs in Nigeria and other low income developing countries will reach $429bn between 2023 and...

W/Bank Disagrees With CBN On Multiple Exchange Rates   The World Bank has said it disagrees with the Central Bank of Nigeria on how it is going about to achieve its price stabilisation objective. The Country Director for Nigeria, World Bank, Shubham Chaudhuri, said this to our...