The World Bank is set to decide on three major loan projects for Nigeria in 2025, totalling $1.65bn, as part of efforts to address critical developmental challenges in the country.…
The Board of the World Bank Group is expected to meet and decide on approving a $500m loan tAo Nigeria today (Friday) to boost rural access and agricultural marketing in…
The World Bank has said that Nigeria, Angola and Sierra Leone, with double-digit inflation and weakened domestic currencies, will maintain a high interest rate for a long period and may…
The naira has been listed among the worst-performing currencies in Sub-Saharan Africa in 2024. This is according to the latest edition of Africa’s Pulse, a new report by the World…
The Federal Government has begun a process to obtain a fresh $2bn loan from the World Bank. The loan request submitted by the Ministry of Finance on behalf of the…
Nigeria is the third-largest debtor to the World Bank’s International Development Association as of June 30, 2024, following a significant increase in its borrowing from the institution. A financial statement…
The presidency on Sunday cleared the air on the controversy over the N573 billion received by states. It said the fund is a World Bank loan, which the federal government…
No fewer than three million poor and vulnerable households have benefitted from the $800m palliative loan disbursed by the World Bank to cushion the effect of recent government policies, such…
The Federal Government has borrowed a total of $4.95bn in loans from the World Bank in the past 12 months, pushing the total public debt to N101tn amidst worries about the…
The Federal Government is seeking a $500m loan from the World Bank to enhance rural road infrastructure and agricultural marketing across the federation. The international lender said the fund was…