World Bank

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World Bank Projects 3.4% Growth For African Economies In 2024

Felix Ifijeh, THEWILL -
April 8, (THEWILL) - The World Bank has projected that growth in Africa’s economies will rebound in 2024, rising from a low of 2.6 per cent in 2023 to 3.4 per cent in 2024, and 3.8 per cent...
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Nigeria: Seven Northern States to Face Severe Food Crisis in 2024 – World Bank

Sam Diala, THEWILL -
February 06, (THEWILL) - Seven states across the North-west and North-east Nigeria are projected to face crisis of food security in 2024 because of insecurity and armed conflicts, the World Bank has projected in its latest Food Security report. The...
Business

Global Food Inflation Remains High – World Bank

Sam Diala, THEWILL -
February 06, (THEWILL) - The World Bank says inflation in food prices remains high globally. The World Bank declared in its latest Food Security Update report on Tuesday that available data on food prices showed high inflation in low, middle...
Business

Nigerian Economy To Grow By 3.5% With Tinubu Economic Reforms – World Bank

Aina Ojonugwa, THEWILL -
December 13, (THEWILL) - Nigeria's economy is expected to grow at an average annual rate of 3.5% in 2023-2026, World Bank Lead Economist for Nigeria, Alex Sienaert, said on Wednesday. This is, however, conditioned on the implementation of macroeconomic stabilisation...
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N87trn Debt: Suspend Loans To Nigeria’s 36 States – SERAP Tells World Bank

Aina Ojonugwa, THEWILL -
November 26, (THEWILL) - The Socio-Economic Rights and Accountability Project (SERAP) has urged the World Bank to suspend issuing loans to Nigeria’s 36 states over allegations of mismanaging public funds, which may include loans obtained from the institution. In...
Business

Conflict In Middle East Could Bring ‘Dual Shock’ To Global Commodity Markets, Says World Bank

Sam Diala, THEWILL -
October 30, (THEWILL) - Although the global economy is in a much better position than it was in the 1970s to cope with a major oil-price shock, an escalation of the latest conflict in the Middle East—which comes on...
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FG Seeks $1.5bn Loan Facility From World Bank

Aina Ojonugwa, THEWILL -
October 15, (THEWILL) - The Federal Government said it is currently in talks with the World Bank to secure a fresh $1.5 billion loan facility. Minister of Finance and Coordinating Minister of the Economy, Wale Edun, disclosed this on...
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World Bank Appoints Nigeria’s Finance Minister Wale Edun Chairman African Governors’ Forum

Aina Ojonugwa, THEWILL -
October 14, (THEWILL) - Nigeria's Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has been appointed as the Chairman of the African Governors’ Forum of the World Bank. This was disclosed in a statement on Saturday, by...
News

IMF Downgrades Nigeria’s Economic Growth Projection

Sam Diala, THEWILL -
October 10, (THEWILL) - The International Monetary Fund (IMF) has downgraded Nigeria’s economic growth projection – to decline from 3.3 per cent in 2022 to 2.9 per cent in 2023, The Washington-based lender made this known in its “World Economic...
Business

World Bank Marks Down Nigeria’s Growth Projection to 2.9%

Sam Diala, THEWILL -
October 05, (THEWILL) - The World Bank has revised its economic growth outlook for Nigeria in 2023, to 2.9 percent. This is lower than its earlier projection of 3.3 percent for Africa’s largest economy. In the latest edition of...
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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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