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World Bank
Inflation Pushes 23 Million Nigerians Into Food Crisis – Report
The World Bank has said COVID-19 pandemic-induced inflation pushed about 23 million Nigerians into a food crisis in 2021. The Washington-based bank said...
Oil Production: Nigeria Leads Q1 Shortfall, World Bank Cites Sabotage
The World Bank has said Nigeria has the largest shortfall among oil-producing countries due to sabotage within the oil production system and other...
Fuel Subsidy Puts Nigerian Economy At High Risk –World Bank
The World Bank says increasing fuel subsidy puts the Nigerian economy at a high risk as subsidy payments could significantly impact public finance...
World Bank Suspends Nigerian Firm, MD For Bribery
THE World Bank has sanctioned SoftTech IT Solutions and Services Ltd., a Nigerian information technology solutions company, and its Managing Director, Mr Isah...
Poor Nigerians To Hit 95.1m In 2022, Says World Bank
The World Bank has said that poverty reduction stagnated since 2015, with more Nigerians falling below the poverty line over the years. The...
Sluggish Growth, Unemployment Battling Nigeria’s Poverty Reduction, Says World Bank
The World Bank has disclosed in a new report that four in 10 Nigerians live below the national poverty line. In a statement...
IMF Predicts 2.7% Growth Rate For Nigeria In 2022
The International Monetary Fund has predicted a growth rate of 2.7 percent for Nigeria in 2022. The institution made the forecast in its...
Metal Prices Stabilised In 2021 – World Bank
The World Bank’s metals and minerals price index stabilised toward the end of 2021 but remained more than 35 per cent higher than...
