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Tag: World Bank

Business & Economy

Four Million Nigerians in Poverty Within the First Six Months of 2023

According to the Washington-based institution, “compensating transfers will be essential in helping to shield Nigerian households from the initial price impacts of the ...
By Rachael AiykeJune 28, 20230
Fuel Subsidy: CISLAC queries $800m World Bank loan for Nigerians
Business & Economy

Fuel Subsidy: CISLAC queries $800m World Bank loan for Nigerians

The Civil Society Legislative Advocacy Centre, CISLAC, has queried the Federal Government over the World Bank’s $800 million loan to the country, as ...
By Uchechi OjoMay 8, 20230
Easter: Buhari charges citizens to believe in Nigeria for better season ahead
Business & Economy

Nigeria’s indebtedness to World Bank now N6tn

Nigeria’s borrowing from the World Bank has risen by 121.46 percent under the regime of President Muhammadu Buhari. It was learned that the ...
By Uchechi OjoApril 24, 20230
Naira depreciated by 10.2% in 2022 – World Bank
Business & Economy

Naira depreciated by 10.2% in 2022 – World Bank

Prompted by rising food and fuel prices globally, among other stimulants, the naira recorded a depreciation of 10.2 percent in 2022, the World ...
By Uchechi OjoApril 7, 20230
World Bank finally approves $1.5billion loan to strengthen Nigeria’s economy
Business & Economy

World Bank finally approves $1.5billion loan to strengthen Nigeria’s economy

The World Bank announced in a statement on Tuesday, December 15, 2020, that it has finally approved Nigeria’s request for a $1.5 billion ...
By Uchechi OjoDecember 15, 20200
FG processing $750m World Bank loan for states
Business & Economy

FG processing $750m World Bank loan for states

The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, disclosed at the inauguration of the Federal Steering and Technical Committees of ...
By Uchechi OjoNovember 23, 20200
Nigeria’s debt to hit N32.87tn
Business & Economy

Nigeria’s debt to hit N32.87tn

The Minister of Finance, Budget and National Planning, Zainab Ahmed, disclosed during the inauguration of Federal Steering Committees of the Nigeria COVID-19 Action ...
By Uchechi OjoNovember 16, 20200
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