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World Bank News - Page 7

World Bank Makes Terrifying Revelation About Nigeria’s Economy Under Buhari

Nigeria Is facing an existential threat, the World Bank has warned. The international financial body said the country has revenue problem, and its failure will have a significant impact on Africa’s economy. The World Bank’s Senior Public Sector Specialist, Domestic Resource Mobilisation,

August 11, 2022

Business

Peter Obi Sends Warning To Pres. Buhari Over Debt Ahead Of 2023 Election

The Presidential candidate for Labour Party in the coming 2023 election, Peter Obi, has frowned against the continous borrowing of President Muhammadu Buhari for consumption. Obi said its time for Buhari’s administration to borrow for investment in revenue generating development projects and

August 11, 2022

Business

Nigeria Rises On List Of World’s Chronic Debtors

The World Bank has revealed that Nigeria is fourth on the world’s debtor list, after releasing its Fiscal Year 2022 International Development Association (IDA) financial statements. Nigeria rose from fifth place to fourth, indicating the international development association debt of the country

August 9, 2022

Africa·News

Again! World Bank Invests Big In West Africa Food Security

World Bank has launched the second phase of the West Africa regional Food Systems Resilience Program (FSRP-2) with US$315 million financial backing from its International Development Association (IDA). FSRP-2 targeting an additional 2 million people will support Chad, Ghana and Sierra

August 4, 2022

Business

Nigeria Loses $6.92 billion In Capital Importation, Ahead World Bank Projection

In the first quarters between 2019 and 2022, Nigeria’s capital importation has dropped by $6.92 billion, with companies attracting less foreign equipment and capital inflow into the country. According to the Nigerian Bureau of Statistics (NBS), foreign investment inflow depreciated from $8.49 billion in

July 11, 2022

Business·Oil & Gas

Pres. Buhari Told To Remove Fuel Subsidy After Rejecting IMF, World Bank Advice

Nigeria’s Extractive Industries and Transparency Initiative (NEITI) has expressed its disagreement with President Muhammadu Buhari’s statement over the removal of fuel subsidy, which has suspended for 18 months in January. On Tuesday, President Buhari had said he rejected suggestions to remove the

June 22, 2022

Africa·News

Food Shortages: World Bank To Disburse $2.3 Billion To Africa

Only eleven countries in both Southern and East Africa shall benefit from the $2.3 billion financing package under the World Bank’s Food Systems Resilience Programme. With the funds billed to be disbursed in phases, the World Bank had to come to the

June 22, 2022

Business·Currency

Official Exchange Rate Set To Rise Significantly, As World Bank Demands CBN Adjust Forex Rate

The World has requested an adjustment in the exchange rate of the Investors & Exporters (I&E) window in Nigeria, stating that the rise in oil price has presented the Central Bank of Nigeria (CBN) to take review. According to the World Bank,

June 21, 2022

Business

World Bank Criticises CBN Policies, Says Nigeria Sitting On Time Bomb

The Central Bank of Nigeria (CBN) policies have been criticised by the World Bank, saying it worsens the business environment in the country. The global financial body hinted that the financial regulator needs to reduce its interventions. In its monthly report on

June 20, 2022

Africa·News

Kenya: Key Takeaways From World Bank’s Latest Economic Updates

Food insecurity continues to affect one-third of households in Kenya, the latest news from the World Bank says. Dubbed Kenya Economic Update, the latest World Bank economic analysis highlights the success of education reforms and recommendations for continued improvement. Take a look

June 20, 2022

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World Bank News - Page 7

World Bank Makes Terrifying Revelation About Nigeria’s Economy Under Buhari

Peter Obi Sends Warning To Pres. Buhari Over Debt Ahead Of 2023 Election

Nigeria Rises On List Of World’s Chronic Debtors

Again! World Bank Invests Big In West Africa Food Security

Nigeria Loses $6.92 billion In Capital Importation, Ahead World Bank Projection

Pres. Buhari Told To Remove Fuel Subsidy After Rejecting IMF, World Bank Advice

Food Shortages: World Bank To Disburse $2.3 Billion To Africa

Official Exchange Rate Set To Rise Significantly, As World Bank Demands CBN Adjust Forex Rate

World Bank Criticises CBN Policies, Says Nigeria Sitting On Time Bomb

Kenya: Key Takeaways From World Bank’s Latest Economic Updates

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Aliko Dangote Makes History as First African to Hit $30 Billion Net Worth

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