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...

Nigerians In Diaspora Remit $65.34bn In Three Years       The Nigerian Diaspora population remitted $65.34bn in three years to boost economic activities in the country, data obtained from the World Bank have shown. According to the World Bank data, in 2018, the Nigerian Diaspora remittance was $24.31bn;...

W/Bank Lists Nigeria, Nine Others High-debt Risk Nations       The World Bank has stated that Nigeria is among a list of top 10 countries with high debt risk exposure. It stated this in the financial statement for International Development Association, which was among the World Bank FY21...

Loans From W/Bank, AfDB Rise To $14.35bn Under Buhari's Administration       Nigeria’s liabilities to the World Bank and the African Development Bank rose from $7.14bn to $14.25bn between June 30, 2015 and March 31, 2021, data obtained from the Debt Management Office have shown. This means that...

Nigeria’s Revenue-to-GDP Ratio Lowest, Private Sector Choking – W/Bank       Nigeria’s revenue-to-Gross Domestic Product ratio, which fell to between five and six per cent last year, is the lowest in the world, the World Bank said on Monday. The Country Director for Nigeria, World Bank, Dr Shubham...

Nigeria, Others To Benefit From W/Bank COVAX Vaccine Financing         Nigeria and 91 other developing countries will benefit from a new COVID-19 vaccine financing mechanism, which is a product of a partnership between World Bank and COVAX. The World Bank, in partnership with COVAX, stated that it...