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December 10, 2023
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World Bank mulls trimming poor countries’ debt

World Bank mulls trimming poor countries’ debt

The World Bank has said that it is looking at ways to reduce the amount of debt owed by poor nations – rather than simply delaying payments — to attract more investors in the wake…

FG, World Bank’s annual fiscal rating for Kwara begins

FG, World Bank’s annual fiscal rating for Kwara begins

A five-day technical session to ascertain Kwara State’s compliance with the FG/ World Bank-inspired States Fiscal Transparency, Accountability and Sustainability (SFTAS) has commenced in Ilorin, the state capital, with local officials interfacing with independent verification…

World Bank approves $114.28m for Nigeria’s COVID-19 response

World Bank approves $114.28m for Nigeria’s COVID-19 response

The World Bank has approved $114.28 million to help Nigeria tackle its coronavirus (COVID-19) pandemic. The global lender said yesterday that the intervention includes $100 million credit from the International Development Association (IDA) and $14.28…

W’Bank approves $500m for girls’ education in 7 states

W’Bank approves $500m for girls’ education in 7 states

…targets 6.7m students in Kano, Kebbi, Kaduna, Katsina, Borno, Plateau, Ekiti The World Bank has approved a $500 million credit for the Adolescent Girls Initiative for Learning and Empowerment (AGILE) towards improving secondary education opportunities…

World Bank’s grant to Osun: Fadahunsi lied

World Bank’s grant to Osun: Fadahunsi lied

The claim by Senator Francis Fadahunsi that the Osun State received a certain N9 billion World Bank fund with nothing to show for it, is not only outlandish, but bogus. At best, the lawmaker representing…

FG seeks World Bank’s support to crash out-of-school-children figure

FG seeks World Bank’s support to crash out-of-school-children figure

The Federal Government has sought the support of the World Bank to reduce the number of out-of-school- children from 10 to 5 million by the year 2023. Speaking during a meeting with a delegation of…

H1 ‘20: Investors lose N558bn in bank stocks

H1 ‘20: Investors lose N558bn in bank stocks

Shareholders of banks quoted on the main board premium boards of the nation’s stock market reported a cumulative loss of about N559 billion during the half year ended June 30, 2020 following sustained sell off…

Experts: IMF/World Bank forecast not sacrosanct

Experts: IMF/World Bank forecast not sacrosanct

Bretton Woods Institutions, the IMF and World Bank, in their reports released recently gave informed opinions on each economy in the face of ravaging Covid-19 just as some Nigerian experts examine some underlining issues, Abdulwahab…

World Bank: Nigeria must deepen reforms to boost growth, revenues

World Bank: Nigeria must deepen reforms to boost growth, revenues

Nigeria needs to deepen economic reforms and boost government revenues in order to have a sustained recovery from the devastating impact of the coronavirus(Covid-19) pandemic on its economy, the World Bank has said. According to…

W’Bank approves $750m loan for Nigeria’s power sector

W’Bank approves $750m loan for Nigeria’s power sector

The World Bank has approved a $750 million loan for Nigeria’s power sector, the first release of funds after years of stalled talks over long-term reforms. The World Bank said the aim of the loan…