The President of the World Bank, Jim Yong Kim, has said that, based on estimates, automation will soon wipe out two-thirds of all jobs in developing countries. Kim said this while speaking at the 2017 World Bank Group/IMF Spring Meetings press conference yesterday. “We estimate that...

The World Bank has approved 150 million dollars credit to help increase the mining sector’s contribution to the Nigerian economy. The Senior Communication Officer of the bank, Ms Olufunke Olufon said in a statement in Abuja that the project would help to establish a strong foundation...

The World Bank’s Board has approved a $200 million credit to support the Government of Nigeria’s response to the acute humanitarian and forced-displacement crisis triggered by the Boko Haram conflict in North East Nigeria. The project will provide multi-sectoral crisis recovery in the states of...

In a statement released to Nigerian journalist by the Senior Communications Officer, World Bank Nigeria, Mrs Olufunke Olufon, on Monday in Abuja, Kim said the money would be raised by three subsidiaries of the group. The World Bank Group President, Mr Jim Kim said the...

The World Bank Group says Nigeria will soon recover from economic recession. Mrs Eme Essien-Lore, Country Manager in Nigeria, International Finance Corporation, a member of the group, made the observation in an interview with journalsits in Lagos on Thursday. ”In our perspective and with the...

Small indigenous operators in the mining industry will benefit from the N30bn Mining Intervention Fund approved by the Federal Executive Council, the Minister of Mines and Steel Development, Dr. Kayode Fayemi, has said. Fayemi said this while inspecting quarrying facilities at CIBI Nigeria Limited’s quarry...