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

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

World Bank Rolls Out N329.53bn Cash Transfer Programme In Nigeria

The World Bank is rolling out an $800m (N329.53bn at official exchange rate) facility designed to fund a large-scale Conditional Cash Transfer programme in Nigeria. The Nigeria Governors’ Forum disclosed this in its 36th teleconference meeting communique released on Thursday. It said

December 17, 2021

News

Africa To Receive Over 70% IDA $93bn COVID-19 Recovery Support Package

IN an effort to help low-income countries survive post-COVID-19 crisis, the World Bank has announced a $93 billion dollars offered by the International Development Association (IDA) as relief package as they struggle to recover from shocks of the pandemic

December 16, 2021

Finance & Economy

World Bank Says Nigeria’s Exchange Rate Policy Discourages Investors

The World Bank has said that the Nigerian government’s exchange rate management policies are discouraging investments and fuelling inflation in the country That was contained in the November edition of Bank’s Nigeria Development Update, saying there had been intense pressure on the

November 29, 2021

Finance & Economy

Nigeria, Others Need $429bn External Financial Support – World Bank

World Bank has disclosed that Nigeria and other low income developing countries will need $429bn external financial support between 2023 and 2025. The Bank, however, demanded debt transparency, saying it is a crucial step in countries’ development and would facilitate new investments, improve

November 11, 2021

Business

Moving Goods Locally In Nigeria Over 500% Costlier Than US – World Bank

The World Bank has disclosed that it costs more to move goods locally in Nigerian than in the United States of America, stating that the cost of moving goods (per unit distance) domestically in Nigeria is about 5.3 times higher than in

November 9, 2021

Protesters took to the streets in Khartoum in a show of defiance against the coup OMER ERDEM/GETTY IMAGES

Africa·News·Top Stories

Sudan Loses $2 billion As World Bank Suspends Aids Due to Military Coup

SUDAN loses about $2 billion from world Bank which has announced suspension of aid programmes following military coup that occurred on Monday in the country.

October 28, 2021

News

World Bank Praises Yahaya Bello For Refunding $4.63m

The World Bank has heaped praises on Governor Yahaya Bello of Kogi State, for refunding the sum of $4.63m surplus under the Nigerian Erosion Watershed Management Project (NEWMAP). In a letter signed by its Regional Manager, Shubham Chadhuri, the World Bank said

July 16, 2021

News

Nigeria borrowed N1.3tn in four years to subsidise electricity – World Bank

The World Bank has said that the Federal Government has borrowed a total of N1.3tn since 2017 to ensure that generation companies and gas suppliers received enough payments to continue generating electricity. The bank disclosed this in its ‘Resilience through Reforms’ report.

June 17, 2021

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World Bank News - Page 9

World Bank Rolls Out N329.53bn Cash Transfer Programme In Nigeria

Africa To Receive Over 70% IDA $93bn COVID-19 Recovery Support Package

World Bank Says Nigeria’s Exchange Rate Policy Discourages Investors

Nigeria, Others Need $429bn External Financial Support – World Bank

Moving Goods Locally In Nigeria Over 500% Costlier Than US – World Bank

Sudan Loses $2 billion As World Bank Suspends Aids Due to Military Coup

World Bank Praises Yahaya Bello For Refunding $4.63m

Nigeria borrowed N1.3tn in four years to subsidise electricity – World Bank

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