Nigeria, Kenya, Others Raise Over $17bn From Bonds - W/Bank Nigeria, Kenya, Côte d’Ivoire and other sub-Saharan African countries raised over $17bn from bonds issuances in 2018 in what the W/Bank described as a landmark development. In a report, titled ‘Africa’s Pulse,’ produced by the Office...

W'Bank Loan Portfolio In Nigeria Now $8.67bn World Bank loan portfolio in Nigeria now stands at $8.67bn, an investigation has shown. Loans from the International Development Association, one of the three arms of the World Bank, make up $8.55bn of the portfolio. Loans from the International Bank...

17 African Countries At Risk Of Debt Distress, Says W'Bank The rising influence of lending by China to developing nations is increasingly under the spotlight amid concerns the growing debt distress and onerous conditions could sow the seeds of crisis. The global development lenders, the International...

Nigeria’s Economy Slipping - World Bank The World Bank has said that the Nigerian economy has been slipping since 1995 and this continued till 2018. The bank, in its latest report on the regional economy titled, ‘Africa’s Pulse’, released the taxonomy of growth performance in sub-Saharan...

W'Bank Closes Window For President Nominations The World Bank’s Board of Executive Directors, on Thursday, announced the closing of the period for submitting nominations for the position of the next president of the bank. The board said in a statement that it received one nomination –...

W'Bank, AfDB Promise Nigeria, Others $47.5bn To Tackle Climate Change The World Bank and the African Development Bank said on Thursday that they would together commit $47.5bn by 2025 to help African countries tackle the effects of climate change. Despite contributing four per cent of the...