National Assembly has approved Buhari’s $800m loan request – Ahmad
Abubakar Yunusa Ahmad, a member House of Representatives Committee on Loans, Aids and Debt Management, has disclosed federal lawmakers have ...
Tag: WORLD BANK
SERAP asks World Bank to suspend $800m loan disbursement
The Socio-Economic Rights and Accountability Project (SERAP), has urged the World Bank “to suspend any disbursement of the $800m loan ...
Nigeria’s $13bn indebtedness to World Bank a plus – DMO
The Debt Management Office (DMO), has explained that Nigeria’s $13.46 billion World Bank loan is a plus because the loans ...
Nigeria’s debt to World Bank rises 121% to N6trn
Nigeria’s indebtedness to the World Bank has risen by 121.46 per cent under the administration of President Muhammadu Buhari. The ...
Nigeria used 96% of revenue to service debt in 2022 – World Bank
The World Bank has disclosed that Nigeria’s constant fiscal deficit has worsened the nation’s public debt stock, with 96.3 per ...
Ajay Banga emerges as sole nominee for World Bank president
The Board of Executive Directors of World Bank Group, has announced that Ajay Banga, a U.S. national, was the only ...
Nigeria, other low income countries’s debt doubled in last decade, up by $9trn in 2021 – World Bank
The World Bank has disclosed that the external debt stock of low-income and middle-income countries doubled over the past decade ...
World Bank lowers Nigeria’s 2023 economic growth forecast to 3.3%
Global financial institution, the World Bank, has lowered its economic growth forecast for Nigeria in 2023 to 3.2 per cent ...
World Bank approves another $750m loan for Nigeria
The World Bank has approved a $750 million loan to help Nigeria speed up the implementation of critical actions that ...
JUST IN: World Bank, US invest $3bn in Nigeria’s energy transition plan
The World Bank and the US Export-Import Bank (EximBank) say they will commit over $3 billion to the implementation of ...