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Ethiopia, World Bank Sign $730m Corridor Project Agreement

Aina Ojonugwa, THEWILL -
August 29, (THEWILL) - The Ethiopia Government and the World Bank have signed a $730 million corridor project agreement, to improve a key route between Addis Ababa and Djibouti. Ethiopia Ministry of Finance in a statement said the HoA Regional...
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Ugandan Opposition Leader Bobi Wine Slams World Bank Over Gay Rights

Aina Ojonugwa, THEWILL -
August 25, (THEWILL) - Ugandan opposition leader, Robert Kyagulanyi, popularly known as Bobi Wine, has accused the World Bank of championing gay rights while ignoring other issues. Bobi Wine's opposition to the World Bank came in response to the...
Business

World Bank Suspends New Funding to Uganda Over Anti-homosexuality Law

Sam Diala, THEWILL -
August 09, (THEWILL) - The World Bank Group on Tuesday said it is suspending new public financing to Uganda over the country’s enactment of its new Anti-Homosexuality Act. The bank, in a statement on Tuesday, made available to THEWILL,...
Business

World Bank President Visits Nigeria August 3

Sam Diala, THEWILL -
August 02, (THEWILL) - The World Bank President, Ajay Banga, will visit Nigeria this week as part of his mission to advance a global tour and improve the bank’s relationship with partners and countries of the world. A statement...
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Meter Production: Senate Halts TCN’s Move to Obtain $155m Loan From World Bank

THEWILL. -
The Senate on Thursday suspended the Transmission Company of Nigeria (TCN) from obtaining a loan facility of $155 million from the World Bank for mass production of local meters. The upper legislative chamber resolved to suspend application of the loan...
Business

Nigeria Remains Africa’s Largest Economy for 5th Straight Year

THEWILL -
Nigeria has emerged Africa’s largest economy for the fifth consecutive year after narrowly edging out Egypt to the second position by 0.2 percent. According to data by the World Bank, Nigeria has maintained the position of the largest economy on...
Business

Nigeria Narrowly Emerges Africa’s Largest Economy – For Fifth Straight Year

Sam Diala, THEWILL -
July 21, (THEWILL) - Nigeria has emerged Africa’s largest economy for the fifth consecutive year, according to data published by the World Bank. The West African country has maintained the position of the largest economy on the continent for the...
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World Bank To Commit Additional $750m To Nigeria’s Electrification Project

Aina Ojonugwa, THEWILL -
June 28, (THEWILL) - The World Bank has disclosed plans to commit additional 750 million dollars to deepen Nigerians' access to electricity through the Nigeria Electrification Project (NEP). Ms Elizabeth Huybens, the Bank’s Director of Strategy and Operations for...
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World Bank Asks Tinubu To Restore Macroeconomic Stability, Provide Reform Package For Poor, Most Vulnerable

Aina Ojonugwa, THEWILL -
June 28, (THEWILL) - The World Bank said the removal of petrol subsidy and unification of the Foreign Exchange (FX) rates by the administration of President Bola Tinubu, were crucial measures to rebuild fiscal space and restore macroeconomic stability...
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Fuel Subsidy: $800m Loan Was Approved December 2021 – World Bank

Aina Ojonugwa, THEWILL -
June 27, (THEWILL) - The World Bank on Tuesday, said the $800 million loan to Nigeria was approved in December 2021. The bank’s Country Director in Nigeria, Dr Shubham Chaudhuri, who disclosed on Tuesday, said the loan was delayed,...
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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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