Ahead of the commencement of the Buhari administration’s unprecedented infusion of half a trillion naira in social investment towards achieving a comprehensive safety net for poor and ordinary Nigerians, significant local and international support for the scheme is growing. According to a federal government source,...

Amid improving market sentiment and a weakening dollar, the World Bank is raising its 2016 forecast for crude oil prices to $41 per barrel from $37 per barrel in itslatest Commodity Markets Outlook, as an oversupply in markets is expected to recede. The crude oil market...

The World Bank has commended the Minister of State for Petroleum Resources and Group Managing Director of the Nigerian National Petroleum Corporation, Dr. Ibe Kachikwu, for bringing transparency and accountability to bear on the operations of the NNPC and the entire Oil and Gas...

Fresh hope of a quicker recovery is on the horizon for cash-strapped Nigeria as the World Bank has raised its 2016 oil price forecast up from the previous level of $37 per barrel to a new height of $41. The crude oil price at the...

A new World Bank study has suggested that Nigeria needs to create an estimated 40 to 50 million additional jobs between 2010 and 2030. The study, which was released in Abuja, noted that creation of that amount of jobs is imperative to avert a...

FOR Vice President and Treasurer, World Bank, Aruma Oteh, diversifying Nigeria’s economy from its over-dependence on crude oil is the only strategy to effectively revive the parlous economy. The World Bank chief who spoke on “The proper role of oil in the context of accelerating...