The World Bank is set to approve fresh loans totalling $632m to Nigeria today (Monday) amid mounting concerns over the country’s rising debt profile.

World Bank Projects $15m Investment to Strengthen Nigeria's Statistical Performance The World Bank has expressed concern over Nigeria’s poor statistical performance, noting that the country is lagging behind its aspirational peers such as Mexico, Colombia, South Africa and Brazil. According to a statement by the budget...

Nigerians imported fewer passenger motor cars in 2024 as rising inflation and the continued naira depreciation.

World Bank to Loan Nigeria $2.2bn in 2025 The Federal Government of Nigeria is set to receive total of $2.2 billion in new loans in 2025. According to the World Bank’s project list, the $2.2 billion will be allocated across six different projects. The global financial institution...

World Bank: FG Eyes Six Loans as Nigeria’s Debt Hit $9.2bn The Federal Government is set to secure six new loans totalling $2.23bn from the World Bank in 2025 as the international financial institution continues to support the country’s economic and structural reforms. Data from the...

Nigeria, World Bank Target Capital Market to Bridge Infrastructure Funding Gap   The Federal Government of Nigeria has initiated discussions with the International Finance Corporation (IFC), a member of the World Bank Group, to develop policies that leverage the capital market and other funding options within the country....