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World Bank
W’Bank Loans Nigeria $700m For Water Supply, FG Blames States
The Federal Government has secured a $700m loan from the World Bank for specific water projects in the country, the Minister of Water...
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...
Nigeria’s Exchange Rate Strategy Discourages Investors, Increases Inflation – World Bank
The World Bank says the Nigerian government’s exchange rate management policies are discouraging investments and fuelling inflation in the country The bank disclosed...
Moving Goods Locally In Nigeria Over 500% Costlier Than US –World Bank
The World Bank says it costs more to move goods locally in Nigerian than in the United States of America, stating that the...
World Bank Projects Nigeria’s Economy To Rebound By 2.4% In 2021
The World Bank says Nigeria’s economy is expected to grow by 2.4 per cent in 2021 owing to support by the service sector....
World Bank Approves $400m Credit For Nigeria
The World Bank’s Board of Directors has approved a $400 million credit for Nigeria from its International Development Association (IDA) for COVID-19 vaccine acquisition. A...
World Bank Approves US$103 Million Funding For Ghana To Reverse Land Degradation
The World Bank has approved US$103.4 million for Ghana to reverse land degradation and strengthen integrated natural resource management in about three million...
Remittance Flow To Low-and-Middle-Income Countries Drops By 1.6% To $540b In 2020 – Report
A World Bank report says officially recorded remittance flows to low- and middle-income countries reached 540 billion dollars in 2020, 1.6 per cent...
