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Tag: World Bank

IMF, World Bank Chiefs Warn Of Global Impacts From Ukraine War

The leaders of the World Bank and IMF signalled Thursday they were ready to help Ukraine while warning that Russia’s invasion will...

FG Moves To Suspend Removal Of Fuel Subsidy.

The Federal Government has revealed plans to make additional provisions for fuel subsidy in the 2022 budget amid an outcry by labour...

Nigeria’s Economy To Grow By 2.5% In 2022 – World Bank.

Nigeria’s economy is expected to grow by 2.5 per cent in 2022 and by another 0.3 per cent next year, the World...

Senate Approves Buhari’s $16bn, €1bn External Borrowing Request

The Senate on Wednesday approved President Muhammadu Buhari’s External Borrowing (Rolling Plan) request in the sum of $16,230,077,718, and €1,020,000,000.

Global Oil Prices Won’t Decline Until 2023, Says World Bank

The stunning recent runup in global oil prices could threaten economic growth and is unlikely to retreat until 2023, the World Bank...

President Buhari Writes Senate, Requests Fresh Loan Of $4bn And €710m

President Muhammadu Buhari has written to the National Assembly, seeking approval to borrow the sum of $4,054,476,863 billion and €710 million.

Forced Migration, Critical Unemployment’: 10 Things World Bank’s Latest Report Revealed About Nigeria

The World Bank recently put out a report in which Nigeria was x-rayed through the lenses of unemployment, economic hardship, and migration. 

Nigeria’s Inflation Rate To rising To 5th Highest In Sub-Saharan Africa By End Of 2021 – World Bank

The World Bank says Nigeria’s inflation rate is expected to rise to the 5th highest in Sub-Saharan Africa by the end of...

World Bank Rejects El Salvador’s Request For Help In Adopting Bitcoin

The World Bank rejected a request from El Salvador for assistance in its bid to adopt bitcoin as a currency, a spokesperson...

Report accuses World Bank of ‘toying’ with Nigeria over $1.5 billion loan

The World Bank is reportedly toying with Nigeria over the proposed $1.5 billion dollars put forward since February 2020 but yet to...

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AIT chairman, Chief Raymond Dokpesi dies in Abuja, at 71

Raymond Dokpesi, the founder of Daar Communications Plc, died on Monday morning in Abuja. He was 71.

Bola Ahmed Tinubu delivers his Maiden Speech as the 16th President of Nigeria

Bola Ahmed Tinubu delivers his Maiden Speech as the 16th President of Nigeria. The speech highlights Nigeria's Transformation Agenda from Fuel Subsidy Reforms, Boosting electricity generation to addressing interest rate and exchange rate problems.

Nigeria’s New Hope: Can Bola Ahmed Tinubu Deliver?

Nigeria, a country with a history of economic and leadership challenges, is at a crucial juncture as it embarks on a new era. The recent election, like its predecessors, was marred by fierce contentions from opposing parties. However, on this momentous May 29th, a new hope emerges as Bola Ahmed Tinubu assumes the presidency. The key question that arises is whether he can effectively tackle Nigeria's governance and development problems within the span of a four-year presidential term.

Nigerian Chef, Hilda Baci Breaks World Cooking Record

Hilda Bassey Effiong, the 27-year-old Nigerian Chef and owner of MyFoodByHilda Restaurant, has made history by breaking the world cooking record. Her non-stop cooking marathon lasted for an impressive 100 hours, 40 minutes, surpassing the previous Guinness World Record set by Indian chef Lata Tandon in 2019. Hilda's remarkable achievement has not only captured the attention of Nigerians but also garnered global recognition.