FG Denies Nigeria's Exclusion from World Bank's Electricity Reforms   The Federal Government has reaffirmed its commitment to the World Bank and African Development Bank’s Mission 300 initiative, saying it was among the first countries to sign on earlier this year, despite not appearing on a...

Nigeria Seeks Fresh $1.75bn World Bank Loan   The Federal Government plans to increase its borrowing despite a significant 40.5 per cent surge in revenue for the first eight months of 2025. This boost in revenue has largely been driven by substantial gains in non-oil revenue...

Trust Issues, High Fees Keep 25% of Nigerians Unbanked, Says World Bank The World Bank says twenty-five per cent of Nigerians without bank accounts have highlighted trust issues and high charges as barriers to their involvement in the formal financial system This was indicated in the...

The World Bank says it has approved $300 million to fund a new project aimed at improving access to services and economic opportunities for internally displaced persons (IDPs) and their host communities in northern Nigeria.

The World Bank has approved a total of $8.40bn (N12.89tn) in fresh loans to Nigeria over the past two years, according to data obtained from the bank’s official website.

World Bank Warns Nigeria, Others as Investors Shun Debt-ridden Economies   The World Bank has warned that foreign private capital is retreating from developing economies such as Nigeria and others due to rising debt levels and weak growth prospects, and called for urgent debt reforms. The warning...