World Bank
Nigeria Can No Longer Depend on Borrowing for Development, Says Finance Minister Oyedele
The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has warned that Nigeria can no longer rely heavily on borrowing...
World Bank Commits $8.2bn to Expand Electricity Access Across Sub-Saharan Africa
The World Bank Group has announced a commitment of $8.2 billion to expand electricity access across Sub-Saharan Africa, in a major effort to...
Presidency Fires Back as Sunday Dare Criticises Pat Utomi Over Economic Reform Claims
The Special Adviser to President Bola Tinubu on Media and Public Communication, Sunday Dare, has strongly criticised economist Pat Utomi over his remarks...
Experts Warn World Bank Fuel Import Advice Could Undermine Nigeria’s Energy Independence
Energy experts have strongly criticised recent recommendations by the World Bank urging Nigeria to deepen fuel importation and fully liberalise its downstream petroleum...
CPPE Rejects World Bank Call for Increased Imports, Warns of Economic Risks
The Centre for the Promotion of Private Enterprise has strongly opposed a recommendation by the World Bank urging Nigeria to increase the importation...
Nigeria Borrowing Rises to N8.1 Trillion in Q1 2026 Amid Debt Concerns
Nigeria’s fiscal pressures deepened in the first quarter of 2026 as the Federal Government increased domestic borrowing to N8.1 trillion, representing a 7.4...
Nigeria Secures 6.2 Million Dollar Arbitration Victory Over European Tech Firm
Nigeria has recorded a major legal victory after winning a 6.2 million dollar arbitration case against European Dynamics UK Ltd, an international technology...
World Bank Cuts Planned Grant to CBN from $10.5m to $6.8m Ahead of March Board Review
The World Bank has reduced the size of a planned grant to the Central Bank of Nigeria from 10.5 million dollars to 6.8...
Nigeria Partners with IFC and FAB to Accelerate Infrastructure and Investment Growth
The Federal Government has signed a cooperation agreement with the International Finance Corporation, IFC, to fast-track bankable infrastructure projects and mobilise private capital...
World Bank Data Signals Shifting Global Economic Momentum
New World Bank data released on February 3 suggests broader shifts in global economic momentum following recent factory activity reports across major economies....
