World Bank

World Bank grants Nigeria $700mn WASH credit

The World Bank has approved a credit of $ 700 million for the Nigeria Urban and Rural Sustainable Water Supply,…

5 years ago

Nigeria’s FPIs drop by 77.4% in Q1

Foreign Portfolio Investments (FPIs) in Nigeria declined by 77.4 per cent year-on-year in the first quarter of 2021 to stand…

5 years ago

Nigeria’s remittance inflows declined by 28% in 2020 – World Bank

The World Bank says remittance inflows to Nigeria declined by 28 per cent in 2020 because of the COVID-19 pandemic.…

5 years ago

World Bank to construct 13.16km Lagos farm roads

Lagos State Government says its World Bank-assisted Agro-Processing, Productivity Enhancement, Livelihood Improvement Support (APPEALS) Project will construct 13.16km Farm Access…

5 years ago

World Bank reviews Africa’s growth upward

The World Bank has reviewed its economic growth projection for Sub-Saharan Africa (SSA) upward from -5.1 per cent to 3.4…

5 years ago

Why Nigeria’s central bank won’t ease its grip on the naira

Nigeria is keeping control of its naira currency despite demands for deeper reforms from the International Monetary Fund and World…

5 years ago

World Bank supports NIMC with £172m PPE

The World Bank has provided the National Identity Management Commission (NIMC) with protective equipment (PPE) against Covid-19 worth £172m, to…

5 years ago

World Bank approves Nigeria’s $1.5 billion loan request

The World Bank has granted approval to Nigeria’s $1.5 billion loan application. The Bretton Woods Institution made the announcement on…

5 years ago

Nigeria’s economy could decline by 4% – World Bank

The World Bank has projected that the Nigerian economy could shrink up to four per cent in 2020 due to…

5 years ago

Nigeria to lose $2bn diaspora remittances in 2020 – World Bank

The World Bank has projected that Nigeria will lose $2 billion in remittances from its citizens in the diaspora. The…

6 years ago

This website uses cookies.