Tag: World Bank
World Bank approves another $700m loan for Nigeria
ABUJA- The World Bank has approved a fresh $700m loan for Nigeria. It disclosed this in a statement published on its website on Friday,...
How Niger Republic coup will put pressure on Nigeria’s food market—...
ABUJA (Sundiata Post) - The World Bank has said that the coup d’état in Niger may put additional pressure on Nigeria and other West...
Don’t Renege on Fuel Subsidy Removal, You’re on Right Track-World Bank...
ABUJA- Shubham Chaudhuri, Country Director, World Bank, Nigeria Office, has beckoned on President Bola Ahmed Tinubu not to backtrack on his reform policies, particularly...
World Bank Suspends loans to Uganda over Anti-LGBTQ Law
UGANDA- In a significant stance against discrimination and human rights violations, the World Bank has announced the suspension of new financing to Uganda. This...
Water: World bank intervenes in Plateau
By Kingsley Chijioke
Abuja (Sundiata Post) - World bank programme on water supply to urban and rural areas in Nigeria is slated to...
Tinubu seeks Senate’s approval for $800m World Bank loan
ABUJA- President Bola Tinubu has sought the approval of the Senate to obtain a loan of $800 million from the World Bank to finance...
Nigeria Could Save $5.1 bln This Year From Reforms, Says World...
ABUJA, - Nigeria could save up to 3.9 trillion naira ($5.10 billion) this year alone after reforms to its foreign exchange market and the...
Subsidy Removal: $800m Borrowed From World Bank Should Not Be Touched...
By Chibuike Nwabuko
Abuja (Sundiata Post) - The federal lawmaker that represented Kaduna Central Senatorial District in the 8th Senate, Senator Shehu Sani...
Concessional world bank facilities positive for Nigeria – DMO
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ABUJA- The Debt Management Office (DMO) says Nigeria’s indebtedness to the World Bank, which grew from 6.29 billion dollars in 2015 to...
How Nigeria Spent 96.3% Of 2022 Revenue To Service Debt –...
Abuja (Sundiata Post) - The World Bank says Nigeria spent 96.3 percent of its 2022 revenue on servicing its debts.
This was contained...
Global Growth Slows To 2% In 2023 – World Bank
Abuja, - The World Bank Group President, David Malpass says global growth is expected to be weak in 2023, slowing to...
World Bank announces Ajay Banga as sole nominee for President
ABUJA- The World Bank Group’s Board of Executive Directors announced that Ajay Banga, a U.S. national, was the only nominee for the position of...
Pantami meets with Space X, World Bank, Google to strengthen Nigeria...
The Minister of Communications and Digital Economy of Nigeria, Professor Isa Ali Ibrahim Pantami, had meetings at Space Exploration Technologies Corporation (Space X) headquarters...
World Bank Restates Fight Against Corruption, Sanctions 35 Firms, individuals
By Okeoghene AkubuikeAbuja - In a bid to intensify efforts to advance the fight against corruption in its development projects,...
World Bank Approves $750m To Boost Nigeria’s Business Environment
By Okeoghene Akubuike
Abuja, - The World Bank has approved 750 million dollars for the Nigeria State Action on Business Enabling Reforms...
World Bank, IMF Invite Jimoh İbrahim To Ancillary Meeting In Washington...
By Aderemi Bamgbose
Okitipupa (Ondo State) - The World Bank and International Monetary Fund (IMF) have invited...
World Bank Warns Of Rising Global Recession Risk
Washington - As central banks across the world simultaneously hike interest rates in response to inflation, the...
World Bank to increase assistance to Nigeria’s poor, vulnerable, says Osinbajo
By CHIJIOKE OKORONKWO
ABUJA- The World Bank Group (WBG) has expressed its readiness to help in increasing assistance to Nigeria’s poor and vulnerable.
Vice President Osinbajo,...
World Bank develops action plan against GBV
The Mineral Sector Support for Economic Diversification (MinDiver) Project, has developed action plan on Gender Based Violence (GBV) to mitigate against rape of women...
World Bank helps Bangladesh improve road safety
The World Bank has approved 358 million dollars to help Bangladesh improve road safety and reduce fatalities from road traffic crashes on selected high-risk...