The World Bank has projected that Nigeria’s inflation rate will average 22.1 per cent in 2025, attributing the anticipated decline to the Central Bank of Nigeria’s tight monetary stance.

Nigeria’s economy grew at the fastest rate in a decade last year, the World Bank said Monday, thanks to the reforms introduced by the government, but it warned inflation remains high.

Nigeria Secures Additional $215m Loan From World Bank   The World Bank has disbursed additional funds to Nigeria under the $800m National Social Safety Net Programme-Scale Up, raising the total amount released to $530m. Checks by Economic Confidential on Thursday on the World Bank’s official website...

The World Bank has raised a fresh concern over the rising poverty in Nigeria, saying that a staggering 75.5 per cent of rural dwellers live below the poverty line.

These moves, applauded by both the International Monetary Fund (IMF) and the World Bank, were sold to Nigerians as necessary steps toward economic stability.

FG Advocates Adequate Data for Economic, Human Capital Development The minister of Finance and Coordinating minister of economy, Wale Edun has admitted Nigeria’s data inefficiencies, adding that government requires adequate data to plan for economic and human capital development. Edun stated this in Abuja on Tuesday...