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World Bank News - Page 2

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 Nigeria – Accelerating Resource Mobilisation Reforms program, developed in collaboration

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 press briefing in Washington DC. “The Federal Government has qualified

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 initiative, announced during the World Bank’s Spring Meetings in Washington

April 18, 2024

Global Trade To Surge By 2.3% In 2024 - World Bank

Africa·Business·News

Why Nigeria’s Poor Growth Will Weaken West Africa’s Economy– World Bank

The World Bank forecasts subdued growth in Nigeria, dampening economic prospects for the broader Western and Central Africa region. In its report, the World Bank noted that Nigeria’s lower-than-average growth would impede the subregion’s economic performance. “In AFW, economic activity is set

April 12, 2024

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

Business·Markets·News

World Bank Urges Investors To Explore Developing Economies For Untapped Opportunities

The World Bank Group is pushing for a renewed focus on emerging markets, encouraging investors to delve into untapped opportunities with fresh eyes. In a recent announcement, the multilateral lender emphasized leveraging data to attract private sector investments into developing economies. “Our

April 11, 2024

Business·News

Nigeria’s Inflation Expected To Drop To 15.1% In 2026, Says World Bank

The World Bank has projected Nigeria’s inflation to drop to 15.1% by 2026. In a report by the World Bank titled “African Pulse,” Nigeria’s economic outlook was examined, with a focus on inflation and growth projections. According to the World Bank, Nigeria’s

April 9, 2024

Fuel Subsidy: World Bank Must Allow Africa’s Poor Breathe

Africa·Business·News·World News

World Bank: Trade Cost In Africa 5 Times Higher Than United States, Cites Insecurity, Poor Infrastructure, Others As Causes

The World Bank highlighted disparities in trade costs across African countries compared to the United States. According to the report, trade expenses in nations like Nigeria and Ethiopia are four to five times greater than those in the US. The reasons cited

April 9, 2024

Business·News

Why Borno, Adamawa, Kaduna, Others Risk Severe Food Crisis – World Bank

The specter of a severe food crisis looms over parts of Nigeria, with the World Bank shedding light on the underlying factors fueling this imminent threat. In its latest Food Security report, the bank singles out seven states in the North-west and

February 9, 2024

IMF Sympathises With Victims Of Kenya Anti-tax Protest

Finance & Economy

Why IMF Downgraded Nigeria’s Economic Growth Forecast To 3% – Report

The International Monetary Fund (IMF) has adjusted Nigeria’s economic growth forecast for 2024, downgrading it to 3.0% from the previously predicted 3.1%. In its ‘World Economic Outlook Update, January 2024,’ released on Tuesday, the IMF cited weaker oil and gas production as

January 31, 2024

Why Tinubu Govt Is Against Borrowing To Fund 2024 Budget - Edun

Finance & Economy

Nigeria Seeks Fresh $1.5bn World Bank Aid To Tackle Forex Crisis

Nigeria is pursuing a $1.5 billion aid package from the World Bank to address the severe dollar shortage, contributing to the decline of the naira. Finance Minister Wale Edun, in an interview with Bloomberg, stated, “We’re hoping to get $1 billion or

January 19, 2024

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World Bank News - Page 2

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

Why Nigeria’s Poor Growth Will Weaken West Africa’s Economy– World Bank

World Bank Urges Investors To Explore Developing Economies For Untapped Opportunities

Nigeria’s Inflation Expected To Drop To 15.1% In 2026, Says World Bank

World Bank: Trade Cost In Africa 5 Times Higher Than United States, Cites Insecurity, Poor Infrastructure, Others As Causes

Why Borno, Adamawa, Kaduna, Others Risk Severe Food Crisis – World Bank

Why IMF Downgraded Nigeria’s Economic Growth Forecast To 3% – Report

Nigeria Seeks Fresh $1.5bn World Bank Aid To Tackle Forex Crisis

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