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W’Bank: Only 20% of Muslims Have Access to Financial Services

The Vice President and Treasurer of the World Bank, Arunma Oteh has disclosed that less than 20 per cent, which is approximately 1.6 billion Muslim population across the world have access to financial services. According to her, the growing products in Islamic finances are capable...

Invest in Human Capital to Boost Economic Growth, W’Bank Urges Govts

The World Bank Group President, Jim Yong Kim has outlined three fundamental pillars that will drive momentum toward achieving the organisation’s goals of ending extreme poverty by 2030 and boosting shared prosperity. “We will achieve these goals in three ways: One: accelerating inclusive and sustainable...

Loans: World Bank Demands More Reforms from Nigeria

Plans by the Federal Government to borrow billions of dollars from the World Bank to plug its budget deficit have run into delays as the international lender is demanding for further reforms from the government as a condition for any loan. This came barely one...

Nigeria Should be Worried About debt Servicing – W’Bank

Nigeria should be worried about the percentage of its revenue that goes into servicing of debts rather than the size of the debts, the World Bank has said. The World Bank Lead Economist for Nigeria, Mr. Khwima Nthara, said this in Washington, United States, while...

Four World Bank Officials Drown In Ekiti

Four World Bank officials had been reportedly drowned at Egbe Dam in Egbe Ekiti, Gbonyin Local Government Area of Ekiti State. Egbe Dam is the biggest of the six dams in the state. Folasade Akinrinmola, the Chairman of the council, and the state police command confirmed...

World Bank, Sokoto Commit N8.8b Environmental Project

The World Bank and the Sokoto State Government is to collaborate in the execution of various projects to the tune of N8.8 billion in the area of environment in 10 local government areas of the state. ‎A statement issued by the spokesman to Governor Aminu...