W/Bank Loans In Nigeria Rise By $2.19bn In 3 Years   The World Bank loan portfolio in Nigeria increased by $2.19bn in the last three years, investigation has shown. Data obtained from the Debt Management Office in Abuja on Monday showed that the country’s loan commitment to...

Fraud: Nigerian firm, Lutoyilex, Barred From Bidding For AfDB, W/Bank Contracts Lutoyilex Construct Limited, a construction company registered in Nigeria, has joined the list of firms debarred for fraudulent practices by the African Development Bank Group and other international bodies. The AfDB, on Tuesday, announced the...

W/Bank Earmarks $4bn For 36 States   The World Bank has earmarked about $4bn for poverty eradication, erosion control, human capital development and health-related issues in the 36 states of the federation. Chairman of the Nigeria Governors’ Forum (NGF), Governor Kayode Fayemi of Ekiti State, said this...

W/Bank Cuts Nigeria’s GDP Growth Forecast To 2.1% For 2019 The World Bank Group has predicted real Gross Domestic Product (GDP) growth rate of 2.1 per cent for Nigeria for 2019, slightly lower than the 2.2 per cent it had predicted for the country same...

W/Bank Grants Nigeria 30yrs To Repay $350m Rural Power Fund Nigeria will have about 30 years to repay the World Bank the $350 million it borrowed from it to fund the expansion of access and supply of electricity to rural communities, educational institutions and underserved...

W/Bank's Analysis Confirms Marketability Of Nigeria's Gas Flare Plan   The Programme Manager for the Nigeria Gas Flare Commercialisation Programme (NGFCP), Mr. Justice Derefaka, has disclosed that a market analysis carried on the NGFCP by the International Finance Corporation (IFC) of the World Bank showed that...