World Bank

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World Bank Approves $1.08bn Loan For Nigeria

Felix Ifijeh, THEWILL -
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...
News

World Bank Debars Two Nigerian Firms, CEO Over Fraud Allegations

Felix Ifijeh, THEWILL -
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...
Headline

World Bank Projects 3.6% Economic Growth For Nigeria

Felix Ifijeh, THEWILL -
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...
Headline

World Bank Calls For Decisive Action As 20 Poorest Economies Face Poverty By 2050

Felix Ifijeh, THEWILL -
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...
Headline

Nigeria, Others Paid $1.4trn To Service Foreign Debt In 2023 – World Bank

Felix Ifijeh, THEWILL -
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,...
Editorial

THEWILL EDITORIAL: Alleviating The Pains of Nigeria’s Economic Reforms

THEWILL -
November 03, (THEWILL) – Nigerians are reeling on the throes of untold hardship, perhaps never expected at this stage of their national life. The situation is the direct fallout of reforms undertaken by the President Bola Tinubu-led Federal Government,...
Opinion

OPINION: Unfair, Unjust And Biased Criticism Of PMB By World Bank

THEWILL. -
October 27, (THEWILL) – For the benefit of an average Nigerian, The World Bank is an international financial institution that provides loans and grants to governments of low-and middle-income countries to pursue capital projects. The Bank was established...
News

Ending Poverty For Half The World Could Take More Than Century – World Bank Report

Sam Diala, THEWILL -
October 15, (THEWILL) – At today’s feeble pace, it could take more than a century to eliminate poverty as it is defined for nearly half the world – people who live on less than $6.85 per day, according to...
Business

World Bank Approves $1.57bn Loan For Nigeria

Felix Ifijeh, THEWILL -
September 30, (THEWILL) – The World Bank has approved three new loan requests totalling $1.57bn in financing for Nigeria. Announcing the approval in a statement on Monday, the bank said the funds will support Nigeria in strengthening human capital...
Business

Nigeria’s Finance Minister & World Bank VP Discuss Power Sector Reforms to Drive Infrastructure Development

Sam Diala, THEWILL -
September 16, (THEWILL) – Nigeria's Finance and Coordinating Minister of the Economy, Mr Wale Edun, and Guangzhe Chen, Vice President for Infrastructure at the World Bank, have met to discuss bold reforms aimed at improving electricity access across...
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Latest News

SportsOlumide Atiba, THEWILL -

Mended Fences: 1,000 Goals In Sight As Ronaldo and Portugal Reconciliation Takes Shape

Cristiano Ronaldo’s turbulent relationship with the Portugal national team could be heading towards an unexpected reconciliation, with reports suggesting the veteran forward may return for one final international chapter as he closes in on the historic 1,000-goal milestone.
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