The Federal Government under President Bola Tinubu has cancelled $717.7 million in undisbursed World Bank loan meant to support reforms in Nigeria’s power sector. The decision...
Nigeria has maintained its spot as the third-largest borrower from the International Development Association (IDA), the concessional lending arm of the World Bank. Figures from the...
The President Bola Tinubu government is currently discussing a fresh $1.25 billion loan with the World Bank, according to a document seen by Channels Television. The...
The Nigeria Police Force (NPF) has arrested a man, Agbor Martins Black-Diamond, for allegedly impersonating a World Bank official to scam victims of large sums of...
The World Bank has set aside up to $12 million in loans for Nigerian states that host camps or communities of internally displaced persons (IDPs). The...
The World Bank has warned that poverty in Nigeria is likely to worsen by 2027, even though the country is rich in natural resources. This warning...
World Bank has approved three new loans for Nigeria, totaling $1.57 billion, aimed at boosting healthcare, education, and resilience to climate challenges. The World Bank approved...
The World Bank’s latest Food Security report forecasts a food security crisis in 2024 for seven states in Nigeria’s North-west and North-east regions. According to the...
President Bola Tinubu has asked for an approval from the Senate to borrow the sum of $800 million. The immediate past President, Muhammadu Buhari had, towards...
President Muhammadu Buhari has written a letter to the Nigerian Senate seeking approval for a request to borrow $800 million from the World Bank. The Senate...
The World Bank has warned the newly redesigned naira may have a negative effect on poor Nigerians and small-scale businesses due to its timing and short...
Debt-ridden Zambia has gotten relief after the World Bank approved $275 million in aid to it to help it recover from the Covid-19 pandemic and spillover...
The World Bank Group has called on the Federal Government to impose special taxes on alcohol, cigarettes, tobacco and sugar-sweetened beverages to improve primary healthcare. The...
The World Bank has revealed that the total amount of money borrowed by the Nigerian Government from China rose to $3.121 billion (N1,126.68 trillion at USD/N361)...
President Muhammadu Buhari has received $400 million loan from World Bank for COVID-19 Vaccines in Nigeria. The World Bank has approved a $400m credit alongside financing...
The World Bank on Tuesday its estimates show that between 15 million and 20 million Nigerians will join the poverty rank by 2022. World Bank Senior...