World Bank Cut Nigeria, Others’ Economic Growth Forecast To 2.7%   The World Bank has cut its economic growth forecast for Nigeria and other sub-Saharan Africa countries for this year to 2.7 per cent from an earlier forecast of 3.1 per cent. The bank said on Wednesday...

World Bank Okays $60m For Rural Projects In Ogun State The World Bank Group, through the International Bank for Reconstruction and Development, has approved $60m grant for the implementation of rural and marketing projects in Ogun State. It was learnt that the approval was for the...

Global Extreme Poverty Declines, but Slowly- World Bank Fewer people are living in extreme poverty around the world, but the decline in poverty rates has slowed, a new World Bank report has said. The development has raised concerns about achieving the goal of ending poverty by...

Nigerian foreign debt hits N6.76trn in Q2 –NBS The National Bureau of Statistics (NBS) has said Nigeria’s foreign debt stood at N6.76trillion ($22.08 billion) as at second quarter ended June 30, 2018. The apex statistical agency in its latest report said ‘Nigerian domestic and foreign debt’...

FG Seeks One-year Extension Of World Bank’s $160m Job Creation Fund Following its inability to disburse $160m job creation funding provided by the World Bank, the Federal Government has sought for 12 months extension to enable it to fully implement the project known as Growth...

Nigeria May Lose $80m World Bank Job Creation Grant There were indications on Tuesday that Nigeria might lose more than $80m in World Bank funding meant for strengthening the capacity of the country’s Small and Medium-scale Enterprises to create jobs. The PUNCH’s investigation showed that squabbles...