322 Nigerian Firms Close Down In 5 Years – World Bank
Harsh business environment in Nigeria forced about 322 organised private companies to close shop between 2009 and 2014, a report by the World Bank Enterprise Survey has shown.
The report also said out of 5,833...
World Bank: $2trn Lost Annually To Illicit Logging, Others
Illegal logging, fishing and wildlife trade rob the world of precious natural resources – and ultimately of development benefits and livelihoods, the World Bank has said.
It said the statistics are grim: an elephant is poached for...
W/Bank Okays Nigeria’s $3bn Power Sector Loan
The Federal Government on Sunday said it had opened discussions with the United Kingdom on the possibility of raising “Jollof Bond’ to finance the national budget.
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, also said...
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...
