World Bank News

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

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

Emmanuel Ochayi

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

Victor Ezeja

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

Emmanuel Ochayi

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

Emmanuel Ochayi

June 14, 2024

Naira vs Dollar: What To Expect This Week (10th-15th, March 2025)

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

Emmanuel Ochayi

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

John Adoyi

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

Emmanuel Ochayi

May 16, 2024

Business·News·World News

How World Bank May Influence Nigeria’s Tax Reforms For $750m Loan

In a bid to secure a hefty $750m loan from the World Bank, Nigeria’s Federal Government is contemplating reintroducing previously suspended telecom taxes and other fiscal measures. The Stakeholder Engagement Plan for

Emmanuel Ochayi

May 7, 2024

Nigerian Government Exempts VAT On Diesel, LNG, CNG, Electric Vehicles To Lower Energy Costs

Business·News

Nigeria To Secure $2.2bn Loan From World Bank- Finance Minister Reveals

Nigeria is on the brink of securing a financial boost from the World Bank, as Finance Minister Wale Edun unveiled plans for a $2.2 billion loan with single-digit interest rates during a

Emmanuel Ochayi

April 21, 2024

Africa·Business·News·World News

World Bank, AfDB Partner To Provide Electricity For 300 Million Africans By 2030

The World Bank and the African Development Bank (AfDB) have joined forces with a mission: to light up Africa. They aim to ensure electricity access for 300 million Africans by 2030. This

Emmanuel Ochayi

April 18, 2024

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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

How World Bank May Influence Nigeria’s Tax Reforms For $750m Loan

Nigeria To Secure $2.2bn Loan From World Bank- Finance Minister Reveals

World Bank, AfDB Partner To Provide Electricity For 300 Million Africans By 2030

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