The World Bank has announced the removal of several loan fees to make borrowing more affordable for vulnerable countries. The move is part of broader efforts to expand financial capacity…
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…