W/Bank Says Nigeria’s Economy Will Grow By 2.4% In 2021   The World Bank has said Nigeria’s economy is projected to grow by 2.4 per cent in 2021. This is an increase in the bank’s earlier growth projection of 1.8 per cent made in January this year. The...

W/Bank Says 1.7bn Adults Lack Access To Financial Services           World Bank report says 1.7 billion adults worldwide are unbanked. About half of unbanked people include women poor households in rural areas or out of the workforce. Being able to access to a transaction account is a...

COVID-19: World Bank Okays $11.5bn For Nigeria, Others           The World Bank has said it approved $11.5bn in lending to Western and Central African countries for 98 operations. The World Bank said this in its ‘Annual Report 2021: From crisis to green, resilient, and inclusive recovery’. The bank...

W/Bank Says COVID-19 Pushed 100m People Into Extreme Poverty           The World Bank Group has called on lower-income countries to prioritise concessional financing and avoid the high interest rate financing that has become increasingly problematic. According to a statement issued by the Word Bank Group President, David...

W/Bank Says Nigeria, 39 Others May Not Attain Pre-COVID-19 GDP Levels By 2026             The World Bank has said that Nigeria and 39 other countries may not return to pre-COVID-19 levels of Gross Domestic Product per capita even by 2026 despite projected rates of economic growth. It...

Nigeria Could Save $432.6m In Debt Service Suspension – W/Bank       The World Bank has disclosed that Nigeria could save about $432.6m from May 2020 to December 2021 through the debt service suspension initiative. It disclosed this in a brief on COVID-19: Debt Service Suspension Initiative updated...