Nigeria, Others Piled Up $860bn Debts In 2020 - W/Bank
Low income countries, including Nigeria, piled up a debt of $860 billion last year, following COVID-19 outbreak, the World Bank has said.
In a report, the World bank said: “Governments around the world responded to the...
Shift From Fossil Fuels Threatening Nigeria, Others – W/Bank
The World Bank has said that the wealth value of Nigeria and some countries with abundant nonrenewable energy or recent oil and gas discoveries will be at risk due to a shift from oil, gas and...
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...
