World Bank

April 18, (THEWILL) – The World Bank has said that Nigeria’s deteriorating fiscal crisis is worsening as Africa’s largest economy used 96.3 percent of its 2022 revenue to service debts. The fact was contained in the Macro Poverty Outlook for...

April 16, (THEWILL) - A civil society organisation, Civil Society Legislative Advocacy Centre (CSLAC), has protested at the 2023 IMF/World Bank Group Spring meetings in Washington DC, USA, against Nigeria’s incessant borrowing from the Bretton Woods Institutions which contributed...

The World Bank has urged Nigeria to ease trade restrictions that block market development and diversify the economy by investing more in agriculture and other non-oil sectors. The Bank also sought improvement in basic infrastructure provision especially electricity and...

April 14, (THEWILL) – The World Bank Group on Thursday, urged Nigeria's President-Elect, Bola Ahmed Tinubu, to ensure a productive economy for Nigeria, to enable his administration effectively tackle the rising poverty rate in the country. President of the...

April 12, (THEWILL) - The International Monetary Fund (IMF) Financial Counsellor and Director of the Monetary and Capital Markets Department, Tobias Adrian, has predicted that interest rates may remain high for some time as central banks battle with risks...

April 11, (THEWILL) – The World Bank’s ongoing reform could result in a $50 billion lending boost over the next decade, Treasury Secretary Janet Yellen told AFP ahead of stakeholders’ meetings next week where key changes are expected to...

April 11, (THEWILL) – The World Bank has said that the growth rate in the economies of countries in Sub-Saharan Africa, including Nigeria, was sluggish in the first quarter of 2023. This fact is contained in the April 2023 edition...

Nigeria’s local currency, Naira, lost 10.2 per cent of its value in 2022, emerging as fifth among Africa’s worst-performing currencies in 2022, a report by the World Bank has shown. In its latest Africa’s Pulse report for April 2023, the...

April 05, (THEWILL) - Nigeria has secured a World Bank facility worth $800 million. The Minister of Finance, Budget and National Planning, Zainab Ahmed, disclosed this on Wednesday while briefing State House correspondents on the outcome of the Federal Executive...

March 31, (THEWILL) – The World Bank Group’s Board of Executive Directors has announced Ajay Banga, a US national, as sole nominee for the position of the next President of the bank. US President, Joe Biden, had in February,...