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...
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...
