FDIs to Nigeria, Others Hit Two-decade Low – World Bank
Flows of foreign direct investments into Nigeria and other developing economies, a key propellant of economic growth and higher living standards, have dwindled to the lowest level since 2005 amid rising trade and investment barriers,...
World Bank Retains Nigeria’s Growth Outlook at 3.6%
The World Bank has reiterated its projection that the Nigerian economy would grow by 3.6 per cent in 2025 despite the shift in the global trade dynamics.
This was disclosed in its twice-yearly Global Economic Prospects report released...
World Bank Warns of Weakest Global Growth Since 2008
The World Bank has projected that heightened trade tensions and policy uncertainty are expected to drive global growth down this year to its slowest pace since 2008 outside of outright global recession
This was stated in its...
FG Risks Losing $10m World Bank Loan Over Audit Failures
The federal government is expected to forfeit $10 million from a World Bank credit due to audit shortcomings, delays in launching a national budget portal, and slow implementation of a revenue assurance system.
The fund is...
In a classroom in Bwari, an area council in Abuja, Maryam sits quietly at her desk, trying to ignore the dull cramps in her stomach. She is only fourteen, but every month, when her period comes, she misses at least three days of school.
Moody’s Upgrades Nigeria’s Rating to B3, Cites Improved Reserves
Moody’s has upgraded Nigeria’s rating by a notch to ‘B3’ from ‘Caa1,’ citing significant improvements in the country’s external and fiscal positions.
The credit ratings agency revised Nigeria’s outlook to ‘stable’ from “positive’ as it expects recent...
