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December 7, 2023
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…OPS flays FG on facility from World Bank

…OPS flays FG on facility from World Bank

The Organized Private Sector (OPS), has stated that there is need for Nigerians to get more clarity about how the government arrived at the 50 million vulnerable Nigerians who qualified for the disbursement of the…

Timing of $800m World Bank loan for palliative suspicious, says ex-President NGBG

Timing of $800m World Bank loan for palliative suspicious, says ex-President NGBG

Former President of the Nigerian-German Business Group, (NGBG), Mr Joe Femi-Dagunro, has said that people are suspicious about the time the federal government has taken the $800m World Bank facility for palliatives for the removal…

World Bank to partner NYSC on members’ empowerment

World Bank to partner NYSC on members’ empowerment

The World Bank says it is ready to partner the National Youth Service Corps (NYSC) on youth empowerment, job creation and skill development for youth corps members. Information about the partnership is in a statement…

‘Russia mulling challenge to US nominee to head World Bank’

‘Russia mulling challenge to US nominee to head World Bank’

Russia is consulting with its allies about challenging the U.S. nominee to head the World Bank, Moscow’s top representative at the bank said late on Tuesday, a move, Reuters said could complicate what was expected…

World Bank: Global recession’ll hurt growth in Nigeria, others

World Bank: Global recession’ll hurt growth in Nigeria, others

The World Bank has said that growth in countries in sub- Saharan African (SSA) such as Nigeria, which export oil and industrial metals, will be severely affected by a sharper than anticipated slowdown of the…

World Bank to increase lending capacity to tackle climate change

World Bank to increase lending capacity to tackle climate change

The World Bank has said it plans to increase its lending capacity to combat climate change and other global issues as part of its evolution roadmap. The bank, which stated this in a new report,…

World Bank: Nigeria has potential to earn N600bn as duty on beer

World Bank: Nigeria has potential to earn N600bn as duty on beer

The World Bank has estimated that Nigeria could earn up to N600 billion by imposing excise duty on beer alone, if the country utilises the potential on excise regime. The global bank said that enhancing…

World Bank unveils agenda for Nigeria, others in $300bn blue economy

World Bank unveils agenda for Nigeria, others in $300bn blue economy

The World Bank has promised to work with Nigeria and other African coastal countries to leverage opportunities and manage the risks inherent in growing their budding $300billion blue economies. Of the amount, Nigeria could create…

World Bank: Nigerians, others account for 60% in extreme poverty

World Bank: Nigerians, others account for 60% in extreme poverty

Nigeria and other sub-Saharan African countries now account for 60 per cent of people in extreme poverty, the World Bank has said. The World Bank stated this in its “Poverty and Shared Prosperity Report,” which…

World Bank to discuss replacement for ‘Doing Business’ reports

World Bank to discuss replacement for ‘Doing Business’ reports

The World Bank’s board will discuss plans next month for replacing the bank’s flagship “Doing Business” rankings that were canceled in September 2021 after an external report found data irregularities, World Bank President David Malpass,…