World Bank Group’s Shareholders Approves $13b For Subsidiaries     A fresh hope of more development financing for middle and lower income countries, including Nigeria, has been raised, as the World Bank Group’s shareholders overwhelmingly approved a new Paid-in Capital of $13 billion for its subsidiaries- International...

Oil Prices to Average $65 a barrel in 2018 – World Bank Oil prices are forecast to average $65 a barrel over 2018, up from an average of $53 a barrel in 2017, on strong demand from consumers and restraint by oil producers, while metals...

A Strong Foundation for Greater Impact Despite expectations that growth will be robust in the near term, developing countries face challenges to keep up the pace of progress and ensure inclusive, sustainable growth amid structural changes to the global economy. The World Bank Group is...

 $22 billion Sent by Diaspora Nigerians in 2017 Diaspora Nigerians wired $22 billion home in 2017, an African record and the fifth largest remittance by immigrants, according to the World Bank. Egypt received $20 billion from its citizens abroad, according to figures published by the bank...

World Bank Criticizes Nigeria , Others Over Rising Debts     The World Bank has raised the alarm over rising debts in African countries, including Nigeria. While releasing ‘Africa’s Pulse’, a biannual analysis of African economies in Washington on Wednesday, the World Bank’s Chief Economist Africa, Albert Zeufack;...

Climate Change: Over 140 million May be Refugees by 2050- Report A new World Bank report has found that by 2050 the worsening impacts of climate change in three densely populated regions of the world could see more than 140 million people move within their...