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...
WTO: Africa’s Chance and the Ngozi Okonjo-Iweala Candidacy
By Yushau A. Shuaib
With quite a reputation behind her, Dr. Ngozi Okonjo-Iweala appears to mean different things to different people across the spaces she has straddled. This is why I paused for a moment of contemplation when...
World Bank Appoints Two Vice Presidents For Africa
The World Bank has appointed a another Vice President for the Sub-Saharan Africa Region.
The region’s portfolio was formally managed by one Vice president, a position occupied by Mr. Hafez Ghanem, an Egyptian and French national.
With the new...
Nigeria Faces Worst Recession In 40 Years - World Bank
The collapse in oil prices resulting from COVID-19 pandemic is expected to plunge the Nigerian economy into a severe economic recession, the worst since the 1980s, the World Bank has said.
The bank stated this in...
World Bank Approves $750m For Nigeria’s Power Sector
The World Bank has approved a $750 million International Development Association credit for Nigeria’s Power Sector Recovery Operation.
This was contained in a statement issued by the bank on Wednesday.
The statement quoted World Bank Country Director for Nigeria,...
