Poor forex availability, insecurity and other structural challenges have been identified as major issues hampering the increase in Foreign Direct Investment (FDI) in Nigeria. This was...
The World Bank has asked the Central Bank of Nigeria to reconsider its RT-200 Programme despite its good intentions. The global bank stated that the policy...
The World Bank Group said the covid-19 pandemic has had a long-lasting effect on long-term growth, mainly hurting the poorest individuals and escalating extreme poverty in...
A publication by the International financial institution, World Bank, has revealed that it would cost Nigeria N3.7tn to tackle the issue of poverty. Naija News reports...
The Federal Government is set to introduce 0.5 percent levy on imported goods to raise funds to meet its obligations to the African Development Bank (AfDB),...
The World Bank has expressed concern over the economic impact of the newly redesigned naira note on Nigerians and businesses considering the short transition period. According...
The Director of Public Affairs for the Peoples Democratic Party (PDP) Campaign Organisation, Dino Melaye, has slammed the All Progressives Congress (APC) over the recent World...
The World Bank, in its latest international debt report, has revealed that Foreign Direct Investment (FDI) in Nigeria has depreciated by 58.98% in 11 years. Naija...
The World Bank has projected that debt servicing will gulp 123.4 percent of the Federal Government’s revenue in 2023. Naija News reports that the new World...
Former Minister of Education, Dr Obiageli Ezekwesili, has named the presidential candidate of the Labour Party, Peter Obi, as her preferred candidate among others contesting the...
The World Bank has disclosed that it sanctioned three Nigerians and four Nigerian companies for corruption during its 2022 fiscal year. Naija News reports that this...
The World Bank says it has disbursed $700m to Nigeria from $31.7bn as climate financing in its 2022 fiscal year. Naija News reports that the bank...
Financial reports have revealed that Nigeria is now in the fourth position on the list of World Bank‘s top debtors. According to the newly released World...
The World Bank has assisted Nigeria with the sum of $8.5 billion to address some critical issues bedevilling the country. The international financial institution said it...
Nigeria’s inflation rate has risen to 20 percent above the World Bank’s projection of 15.5 percent, despite the Central Bank of Nigeria (CBN) raising the country’s...
The international financial institution, World Bank has asked Nigerian states to prepare for massive revenue loss in oil and gas this year. Naija News understands that...
The Nigerian government has been admonished to divert money spent on fuel subsidies into other sectors that will profit the country. The World Bank observed in...
More people in Nigeria and its Sub-Saharan neighbours are expected to fall into extreme poverty, according to the World Bank. A report released through a World...
Two leading World Bank economists have listed the threats to the poverty reduction scheme of the Muhammadu Buhari administration. Naija News recalls that President Buhari had...
President Muhammadu Buhari has solicited fund support from the World Bank, African Development Bank, and other partners as he initiates a $19bn project. The fund as...