World Bank News – Page 8 of 9 – Prime Business Africa

Nigerian Gov’t Spends N96 Out Of Every N100 To Pay Debt - World Bank Says, Reveals Impact

Nigeria’s Diasporan Remittances To Increase Over Rising Food Prices – World Bank

Nigeria’s Diaspora remittance inflow, according to the World Bank, will increase to $29bn in 2022 because of higher food prices and the continued adoption of official bank channels. The lobal bank explained that migrants from the country are likely to send more

May 18, 2022

News

World Bank Disburses N1.3bn COVID-19 Intervention Fund To Niger

Nigeria's Government in collaboration with World Bank has released N1.3 billion to Niger Sate to cushion the negative impact of COVID-19 pandemic.

May 10, 2022

Business·Top Stories

World Bank Earmarks $170bn Lifeline For Nigeria, Others

World Bank has started working on a crisis response of around $170bn in financing capacity to address the wide-ranging needs of Nigeria and other crisis-ridden countries between April 2022 and June 2023. Speaking during his address to the Development Committee of this

April 26, 2022

Business

World Bank Reveals Factors Responsible For Food Inflation In Nigeria

The World Bank’s report has claimed that import restrictions and non-flexible exchange rate management of the Central Bank of Nigeria are the major driving forces for food inflation in Nigeria. This was contained in the Washington-based bank in new biannual report by

April 21, 2022

Business

World Bank Says 60% Of Low-Income Countries In Debt Distress

David Malpass, World Bank Group president, has explained that 60 per cent of low-income countries are in debt distress or at high risk of it. Malpass noted that low-income economies are countries with a gross national income (GNI) per capita of $1,045

April 19, 2022

Business

Fuel Subsidy Puts Nigeria’s Economy At High Risk – World Bank

The World Bank has disclosed that increasing fuel subsidy puts the Nigerian economy at a high risk as subsidy payments could significantly impact public finance and pose debt sustainability concerns. The Washington-based lender made this known in a new biannual report known

April 18, 2022

Business

World Bank Economist Warns Countries Against Excessive Borrowing

A top World Bank official has warned that the delays in dealing with the growing debt burden in poor countries seems unlikely to be resolved by the G20. The World Bank chief economist, Carmen Reinhart, noted that there will be a resolution

February 15, 2022

Business

World Bank Projects 2.5% Economic Growth For Nigeria In 2022

The World Bank has foreseen a 2.5 per cent economic growth for Nigeria in 2022, and 2.8 per cent in 2023. Prime Business Africa observed that the 2022 forecast is a slight upward review from the estimated 2.4 per cent growth in

January 12, 2022

Business

Nigeria’s Debt Vulnerable, Costly – World Bank Alerts

The World Bank has disclosed that Nigeria’s debt, which may be considered sustainable for now, is vulnerable and costly. According to the Washington-based global financial institution, the country’s debt is also at risk of becoming unsustainable in the event of macro-fiscal

January 4, 2022

Business

Global Community Steps Up With $93 Billion Support Package To Boost Poorest Countries

The World Bank has announced a 93 billion dollars replenishment package of the International Development Association (IDA) to help low-income countries respond to the COVID-19 crisis and build a greener, more resilient and inclusive future. This is according to a statement issued by

December 20, 2021

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World Bank News - Page 8

Nigeria’s Diasporan Remittances To Increase Over Rising Food Prices – World Bank

World Bank Disburses N1.3bn COVID-19 Intervention Fund To Niger

World Bank Earmarks $170bn Lifeline For Nigeria, Others

World Bank Reveals Factors Responsible For Food Inflation In Nigeria

World Bank Says 60% Of Low-Income Countries In Debt Distress

Fuel Subsidy Puts Nigeria’s Economy At High Risk – World Bank

World Bank Economist Warns Countries Against Excessive Borrowing

World Bank Projects 2.5% Economic Growth For Nigeria In 2022

Nigeria’s Debt Vulnerable, Costly – World Bank Alerts

Global Community Steps Up With $93 Billion Support Package To Boost Poorest Countries

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