W/Bank Approves $75m Support Fund For Obaseki’s Education Reforms
On the back of successes recorded by the Governor Godwin Obaseki led administration in the education sector, the World Bank has approved a $75 million facility to support the governor’s vision of holistically revamping the state’s...
Reforms Delay $1.5bn World Bank Loan To Nigeria
The World Bank is unlikely to approve the much-needed $1.5 billion for Nigeria this month as planned due to concerns over desired reforms, it was gathered yesterday.
A delay in financing from multilateral lenders could leave the economy...
COVID-19: World Bank Approves $114.28m For Nigeria
The World Bank board of directors has approved $114.28m financing to help Nigeria prevent, detect and respond to the threat posed by COVID-19 with a specific focus on state level responses.
The bank said this in a statement titled...
Experts Support FG, W/Bank On DisCos’ Audit Before $500m Loan
Experts in the Nigerian Electricity Supply Industry (NESI) have backed the plan of the federal government and the World Bank to run a forensic audit on power Distribution Companies (DisCos) before they could access a...
W/Bank Seeks To Boost Electricity Trade In West Africa
The World Bank Board of Directors has approved a total of $300m in International Development Association credits and grants to support reforms that will help promote electricity trade in West Africa.
“The West Africa Regional Energy Trade...
Naira Sells At N381/$
The naira resumed trading on the official market at 381 to the dollar after no quotes for two straight sessions, as the central bank unified the country’s multiple exchange rates, Reuters reported on Wednesday.
It noted that the central bank had been...
