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World Bank News

Anti-Gay Law: World Bank Lifts Ban On Loan To Uganda

The World Bank has announced a decision to lift the ban on loans to Uganda after two years of suspending financing to the East African country. The Bank imposed the ban after Uganda’s parliament passed the Anti-Homosexuality Act (AHA) in August 2023.

June 6, 2025

Opinion

World Bank’s Call For NNPCL Audit Raises Questions On Nigeria’s Sovereignty

The World Bank’s recent call for a forensic audit of the Nigerian National Petroleum Company Limited (NNPCL) has sparked debate over the institution’s role in Nigeria’s economic affairs. While the Bank cites concerns over transparency and accountability, critics argue that its influence

May 20, 2025

Finance & Economy·News

World Bank Report: Experts, Groups Advise On How Nigeria Can Halt Increasing Poverty

Reactions have continued to trail the World Bank’s April 2025 report about Nigeria’s economy, especially on the poverty rate. Some groups and economic experts have called for urgent action to avoid an economic meltdown induced by worsening poverty. The World Bank released

April 28, 2025

World Bank Report Reveals 34% of Nigeria’s Education, Health Expenditures Lost Due To Absenteeism

Business·News

World Bank Report Reveals 34% of Nigeria’s Education, Health Expenditures Lost To Absenteeism

World Bank Highlights Absenteeism Issues The World Bank’s latest Human Capital Public Expenditure and Institutional Review on Nigeria has revealed absenteeism issues affecting public expenditure on health and education. The report indicates that absenteeism among health workers and teachers is a critical

July 11, 2024

Business·FEATURES·Finance & Economy·News

Nigeria To Repay $30bn For $2.5bn IMF Loan – See Why And How

As Nigeria secures $2.5 billion loan from the International Monetary Fund (IMF) to meet its financial needs, there are concerns that the country might end up repaying the loan with as much as $30 billion. Prime Business Africa reports that the Minister

July 10, 2024

Africa·News

World Bank Approves $208m Grant To Aid Zambia Amid Severe Drought

World Bank Grant for Zambia The World Bank has approved a $208 million grant for Zambia to help mitigate the severe social and economic impacts of the ongoing drought. The country’s finance ministry announced on Tuesday, highlighting the importance of this assistance

July 4, 2024

Business·News

World Bank Approves $2.25bn Loan For Nigeria’s Economic Stability

The Federal Government of Nigeria has secured a loan from the World Bank, receiving a total of $2.25 billion. This funding, announced by the international lender on Thursday, is part of two major financial operations aimed at strengthening Nigeria’s economic stability and

June 14, 2024

Survey: 65.8% Respondents Want Interest Rate Cut As CBN Holds MPC Meeting

Business·News

Monetary Policy Tightening May Not Curb Inflation- World Bank Warns CBN

The World Bank has cautioned that the Central Bank of Nigeria’s (CBN) aggressive monetary policy tightening may fail to control inflation and pose a significant risk to Nigeria’s economic growth. This warning was issued in the World Bank’s latest Global Economic Prospects

June 13, 2024

Africa

World Bank, COMESA Launch $15bn Clean Energy Project In East, Southern Africa

The World Bank, in collaboration with the Common Market for Eastern and Southern Africa (COMESA), has launched the Accelerating Sustainable and Clean Energy Access Transformation (ASCENT) project, a $15 billion initiative aimed at connecting 100 million people to both grid and off-grid

June 5, 2024

Business·News

Why World Bank Blacklists 58 Nigerian Companies, Persons For Corruption

In a move aimed at curbing corruption, the World Bank has blacklisted 58 Nigerian companies and individuals. This action prohibits them from engaging in any projects or operations funded by the World Bank Group. The decision is part of the institution’s relentless

May 16, 2024

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World Bank News

Anti-Gay Law: World Bank Lifts Ban On Loan To Uganda

World Bank’s Call For NNPCL Audit Raises Questions On Nigeria’s Sovereignty

World Bank Report: Experts, Groups Advise On How Nigeria Can Halt Increasing Poverty

World Bank Report Reveals 34% of Nigeria’s Education, Health Expenditures Lost To Absenteeism

Nigeria To Repay $30bn For $2.5bn IMF Loan – See Why And How

World Bank Approves $208m Grant To Aid Zambia Amid Severe Drought

World Bank Approves $2.25bn Loan For Nigeria’s Economic Stability

Monetary Policy Tightening May Not Curb Inflation- World Bank Warns CBN

World Bank, COMESA Launch $15bn Clean Energy Project In East, Southern Africa

Why World Bank Blacklists 58 Nigerian Companies, Persons For Corruption

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