Tony Chukwunyem
…says inflation may push 6m Nigerians into poverty Editors laud CBN on eNaira, interventions TheWorldBankhasestimated that remittance inflows into Nigeria increased to $17.6billion this year from $17.21billion last year. The bank, which stated this in…
Tony Chukwunyem
The World Bank has raised Nigeria’s 2021 growth forecast to 2.4 per cent from the 1.8 per cent it projected for the country in June. The bank, which stated this in the latest edition of…
The World Bank Group announced yesterday that it has decided to discontinue publication of its “Doing Business” rankings of country business climates after a review of data irregularities in the 2018 and 2020 reports. In…
Tony Chukwunyem
Upgrades global to 5.6% Deutsche Bank: Global economic crisis imminent amid rising inflation The World Bank has raised Nigeria’s 2021 growth forecast by 0.7 per cent to 1.8 per cent from the 1.1 per cent…
Tony Chukwunyem
The World Bank, World Health Organisation (WHO) and World Trade Organisation (WTO) have endorsed the International Monetary Fund (IMF)’s call to invest $50 billion to fight COVID-19 by making and delivering vaccine and treatment. “Governments…
Tony Chukwunyem
The World Bank’s portfolio in Nigeria now amounts to more than $12billion, the Bretton Woods institution has said. The Vice President for Western Africa at the World Bank, Ousmane Diagana, disclosed this during a conference…
Agusto projects $22bn payments into Nigeria in 2021 A 27.7per cent decline to $17.2billion in remittances to Nigeria last year led inflows to sub- Saharan Africa dropping by 12.5 per cent to $42 billion in…
Finance ministers from the Group of 20 nations are supportive of an extension of debt relief for the world’s poorest nations through to the end of the year, World Bank President, David Malpass has said.…
Tony Chukwunyem
The World Bank yesterday said it expected growth in sub-Saharan Africa this year to rise to between 2.3 per cent and 3.4 per cent, compared with the 2.7 per cent it projected for the region…
Developing nations remain at risk of a debt crisis due to the impact of the global pandemic, and the World Bank is working on ways to reduce the burden, President David Malpass has said. The…