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World Bank okays $143m for drought response in Somalia

  About 143 million U.S. dollars in International Development Assistance (IDA) financing has been approved by the World Bank to help vulnerable Somalis tackle severe...

FG, AFD, World Bank, to invest $575m on rural roads

  A tripartite agreement has been signed between the Federal Government, the World Bank and the French Development Agency to invest about $575m for the...

Ukraine invasion: Global countries may slip into recession- World Bank

  The World Bank has warned that countries around the world are facing recession as the Ukraine war hits economies already devastated by the Covid...

Global food crisis: World Bank pledges $30bn relief fund

  The World Bank has disclosed that it will make $30 billion available over the next 15 months to address food insecurity threatened by Russia’s...

Fuel subsidy may impact negatively on Nigerian economy – World Bank

  Increasing fuel subsidy has been tipped by the World Bank to put the Nigerian economy at a high risk as subsidy payments could significantly...

World Bank, AfDB okayed $2.83bn for Nigeria in 2021

  A total sum of $2.83bn was approved by the World Bank and the African Development Bank to Nigeria in 2021.However, the financing is not...

Nigeria’s debt vulnerable, costly — World Bank

  The World Bank has said Nigeria’s debt, which may be considered sustainable for now, is vulnerable and costly. This is according to the Washington-based global...

World Bank splashes N329.53bn on Nigeria’s cash transfer programme

  A total of $800m (N329.53bn) has been rolled out by the World Bank as facility designed to fund a large-scale Conditional Cash Transfer programme...

World Bank tasks Nigeria, others on debt transparency as external financing...

Grace Cofie The World Bank has demanded debt transparency in countries' development process. It has estimated that external financing in Nigeria and other low income...

Corruption: World Bank blacklists 18 Nigerian firms, individuals

  The World Bank has blacklisted 18 Nigerian companies and individuals involved in corrupt practices and fraud. According to a World Bank report, they were blacklisted...

FG queries NPA over $753m, N1.61bn debt owed by port terminal...

  The Nigerian Ports Authority has been queried by the Office of the Auditor General for the Federation has queried over the failure of 18...
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