FG Meets W/bank For Another $2.5bn Loan   The Federal Government is currently in talks with the World Bank for a fresh $2.5bn loan. World Bank Vice President for Africa, Hafez Ghanem, disclosed this in an interview in Abuja on Wednesday, Bloomberg reported. Nigeria received $2.4bn from the...

China, World Bank Tops Nigeria’s Creditors With $11.46bn   The World Bank and the Exim Bank of China are Nigeria’s largest creditors with a combined portfolio of $11.46bn, data obtained from the Debt Management Office have shown. While the World Bank is a multilateral lender, the Exim...

Nigerian Payment Firms To Generate $1.19bn From Remittances   Nigerian banks, fintech companies and mobile money operators are likely to earn $1.19bn from remittances this year, according to estimates made by PricewaterhouseCoopers. The global consulting firm had predicted that remittances by Nigerians in the Diaspora could grow...

World Bank, AfDB Blacklist 31 Firms Over fraud The World Bank and the African Development Bank (AfDB) have released a list of 31 firms operating in Nigeria for sanction over fraud and corruption related offences. The new list of companies and consultants was published in...

Corruption: W'Bank Blacklist 6 Chinese Firms In Nigeria   The World Bank has blacklisted six Chinese companies currently operating in Nigeria over alleged fraud and corruption. The companies, according to an announcement published on the World Bank’s website, are CCECC Nigeria Railway Company Limited, CRCC Petroleum and...

We Haven’t Spent World Bank’s $1.66bn - TCN   The Transmission Company of Nigeria says the $1.66bn it secured from the World Bank and other multilateral financing agencies has not been invested contrary to claims being made in some quarters. The government-owned transmission company said the financing...