Poor Nigerians to rise to 95.1m in 2022, says World Bank
According to the World Bank, poverty reduction has stalled since 2015, with more Nigerians falling below the poverty line over the…
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World Bank lists factors hindering poverty reduction in Nigeria
Sluggish growth, low human capital, labour market weaknesses, and exposure to shocks are holding Nigeria’s poverty reduction back,…
FG, World Bank partner to digitalise mining licence application
The Director-General of the Nigeria Mining Cadastre Office, Obadiah Nkom, says his agency has partnered with the World Bank to…
Why banks find it difficult granting new loans to customers – World…
The World Bank Group has said non-performing loans and hidden debts are making it difficult for banks to grant new credits to…
Nigeria’s economy to grow by 2.5% in 2022 – World Bank
Nigeria’s economy is expected to grow by 2.5 per cent in 2022 and by another 0.3 per cent next year, the World Bank has projected.
Military Coup: World Bank suspends aid to Sudan
The World Bank said Wednesday it has suspended aid to Sudan following the military takeover that deposed the prime minister.
World Bank approves $100m for poor, vulnerable in North East
World Bank has announced a $100 million additional credit to assist the poor and the vulnerable in the North East.
The affected…
Global oil prices won’t decline until 2023 – World Bank
The stunning recent runup in global oil prices could threaten economic growth and is unlikely to retreat until 2023, the World…
World Bank raises Nigeria’s growth projection to 2.4% in 2021
The World Bank on Wednesday raised its 2021 economic growth forecast for Nigeria to 2.4 per cent, but said this still falls behind…
COVID-19: World Bank okays Nigeria’s $750m economic programme
The World Bank has declared as “effective“ Nigeria’s 750-million-dollars COVID-19 Action Recovery and Economic Stimulus (NG-CARES)…