World Bank

July 27, (THEWILL) — Nigeria's economic reforms have received a major boost from the World Bank who Reaffirms its commitment to private sector growth. The statement came when the Finance and Coordinating Minister of the Economy, Mr. Wale Edun, received...

June 27, (THEWILL) – Conflict and instability are taking a devastating toll on the 39 economies afflicted by them, driving up extreme poverty faster than anywhere else, intensifying acute hunger, and pushing several key development goals farther out...

June 10, (THEWILL) – Heightened trade tensions and policy uncertainty are expected to drive global growth down this year to its slowest pace since 2008 outside of outright global recessions, according to the World Bank’s latest Global Economic Prospects...

May 13, (THEWILL) – The World Bank has projected a notable decline in Nigeria’s inflation rate, forecasting that inflation could average just over 22 per cent in 2025—provided the Central Bank of Nigeria (CBN) maintains its current policy...

April 25, (THEWILL) – The World Bank has projected a grim outlook for Nigeria’s fight against poverty, warning that more Nigerians are expected to fall below the poverty line by 2027. In a latest Africa Pulse report released at the...

April 02, (THEWILL) – The World Bank has approved a total of $1.08 billion in concessional financing for Nigeria. A statement by the bank said the facility is targeted to address household and community resilience, improve education and nutrition for...

January 21, (THEWILL) – The World Bank has imposed a 30-month debarment on two Nigerian firms, Viva Atlantic Limited and Technology House Limited, alongside their Managing Director and CEO, Norman Bwuruk Didam, over allegations of fraud, collusion, and corruption...

January 17, (THEWILL) – The Nigerian economy is expected to strengthen to an average of 3.6% between 2025 and 2026, the World Bank has projected. The bank, in its Global Economic Prospects January 2025 report, released on Thursday, said following...

December 12, (THEWILL) – The World Bank has warned that without urgent and decisive intervention, 20 of the world’s 26 poorest countries may remain in poverty by 2050, with only six potentially graduating to middle-income status. The revelation comes...

December 03, (THEWILL) - Developing countries including Nigeria, spent a record $1.4 trillion to service foreign debt, as their interest costs climbed to a 20-year high in 2023, a World Bank’s latest International Debt Report shows. According to the report,...