world bank

Nigeria has asked the World Bank and African Development Bank for $3.5 billion in emergency loans to fill a growing gap in the 2016 budget, FT reports. The budget, which is currently at the national assembly, was predicated on $38 per barrel of crude oil, but prices have already fallen to $30...

Federal Government has cried out to the World Bank that the country’s aviation sector was at the verge of collapse. The Minister of State, Aviation, Sen. Hadi Sirika raised the alarm while discussing the possibility of World Bank providing support for Project development in the Aviation Sector...

The Federal Executive Council (FEC) meeting presided over by President Muhammadu Buhari yesterday approved $200 million World Bank loan for Lagos State. It was disclosed by the Minister of Information, Lai Mohammed after the meeting. According to him, it was part of a $600 million loan granted...

The World Bank has advised President Muhammadu Buhari to act now if he is seriously considering the removal of fuel subsidy. The World Bank’s Lead Economist, John Litwack, said Tuesday the best time to take such decision is now. While the Buhari administration has hinted at its intention to...