world bank news

The World Bank on Tuesday approved six projects worth about $2.2bn for implementation in Nigeria in the 2020 fiscal year. The management of the bank had met to deliberate on a request from the Federal Government.... Read more via “nigeria” – Google News – https://ift.tt/2SJOT0L Get More...

The African Development Bank on Thursday pushed back against World Bank President David Malpass' comments that it and similar regional development banks were contributing to emerging market debt problems, saying that his criticism was "misleading and...... Read more via Investing.com –...

The World Bank has warned that Nigeria may fall back into recession, highlighting conditions that may drag the nation’s economy into the downturn witnessed in 2016. The bank stated in its latest Nigeria’s Economic Update, that a decline in oil prices to the levels seen in 2016 would...

Five million Nigerians joined the labour force in 2018, the World Bank has said in its new report. The international agency said of the total number of fresh Nigerians in the..... Read more via Legit.ng – https://ift.tt/2PaH1Tb Get More Nigeria Metro News

The World Bank Group has ranked Nigeria as one of the 10 topmost improved economies around the globe. In the 2020 Doing Business Index (DBI) released yesterday, as confirmed by the..... Read more via Newtelegraph – https://ift.tt/2MIGPue Get more: Nigeria Business News

The World Bank has finally approved Nigeria’s request for a $3bn loan for the expansion of the transmission and distribution networks in the power sector.... Read more via P.M. News – https://ift.tt/2MVS7dn Get more: Nigeria Business News

The World Bank on Wednesday revised Nigeria’s economic growth for 2019 from 2.1 to 2.0 per cent. A report by Reuters said that the revision was made in the institution’s ‘Africa’s Pulse report for October. The New York-based global lender had in April predicted that the largest economy in …...

The World Bank has said that Ekiti State would soon join the list of states on the Rural Access and Agricultural Marketing Project (RAAMP) commencing in 2020. Dropping the hints in Ado Ekiti when the World Bank team and the National office of RAAMP paid a visit to … Read more via Tribune...

The World Bank has listed Nigeria as one of the top 20 countries that improved in the ease of doing business. According to the bank, starting business in Nigeria has now become more easier..... Read more via Legit Nigeria News – https://ift.tt/2nmmuAv Get more: Nigeria Business News

Rachid Benmessaoud, country director, World Bank Group, says its operations in Nigeria has gulped $11 billion. He said this on Thursday in Abuja at the maiden edition of the Nigeria Portfolio Performance Award. read more

The World Bank and the African Development Bank (AfDB) have blacklisted 15 Nigerian firms doing businesses with them. Also, nine Nigerians nationals for various forms of procurement malpractices have been blacklisted by the global and continental financial institutions. An online news medium...

The World Bank has earmarked about $4 billion for poverty eradication, erosion control, human capital development and health-related issues in the 36 states of the federation.... Read more via Thisdaylive Newspaper – https://ift.tt/2Xe46v1 Get more: Nigeria Business News

No fewer than 60,000 Nigerians will benefit from World Bank’s $200 million agriculture-funded project. Of the number, 21,000 women are direct beneficiaries of the World Bank project..... Read more via Newtelegraph – http://bit.ly/31TUaVU Get more: Nigeria Business News

The World Bank has reported that Nigeria, Kenya, Côte d’Ivoire, and other sub-Saharan African countries raised over $17 billion from bond issuances in 2018. This was described as a landmark development by the global development bank. This information is contained in a report titled “Africa...

The World Bank’s Board of Executive Directors approved today a grant of $150 million additional financing from the International Development Association (IDA) to boost an ongoing project to improve access to basic social... Read more via World Bank – http://bit.ly/2XmgfJL Get more World News

The federal government has given conditions for removal of subsidy on premium motor spirit (otherwise known as fuel) which includes provision of alternative cushioning measures mutually agreed between stakeholders to protect … Read more via Vanguard News – http://bit.ly/2UEQVll Get More...

A World Bank report called the “Nigeria Biannual Economic Update” for 2018, which was released on Monday and obtained by THISDAY yesterday in Abuja disclosed that Nigeria spent N731 billion to subsidise petrol consumption in the year under … Read more via Thisdaylive – http://bit.ly/2U3EeLL...

India retained its position as the world’s top recipient of remittances with its diaspora sending a whopping USD 79 billion back home in 2018, the World Bank said in a report Monday. India was followed by China (USD 67 billion), Mexico (USD 36 billion), the Philippines (USD 34 … Read more...

The World Bank has cut its growth forecast for Sub-Saharan Africa this year to 2.8 percent from an initial 3.3 percent, citing a slowing down in the economies of Nigeria and Angola as well as South Africa. Nigeria, South Africa and Angola, which make up about 60 percent … Read more via...

David Malpass has emerged as President of the World Bank. Malpass, a Donald Trump loyalist who was a senior economic adviser to the US President during his 2016 election campaign.... Read more via Sahara Reporters – http://bit.ly/2uKZqvY Get more World News