W/Bank Sees Crude Prices Rising Till June 2022, Fuelling Inflation   Energy prices soared in the third quarter of 2021 and are expected to remain elevated in 2022, adding to global inflationary pressures and potentially shifting economic growth to energy-exporting countries from energy-importing ones, the World...

World Bank Reviews $157bn Support To Nigeria, Others   The World Bank Group (WBG) has assessed its $157 billion support given to Nigeria and other developing economies to fight COVID-19 pandemic. Nigeria got $3.4 billion support from the bank in May to strengthen the economy and...

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...