UK’s increased collaboration with Nigerian businesses
The British Prime Minister has highlighted the need for the UK to have a ‘new, long-term approach to Africa’, one that addressees the long-term demographic and economic...
World Bank trains staff of 11 MDAs on mineral resources support system
World Bank, in conjunction with Ministry of Mines and Steel Development, has organised an advanced course on Mineral Resources Decision Support System for staff of 11 Ministries, Departments and Agencies (MDAs). The training is aimed at growing the capacity of workers and makes them focal points of a web-based decision support system that would help…
World Bank raises $14 billion for ‘economically weak’ African nations’
The World Bank Group has allocated over $14 billion to help weak economic activities in African Countries in order to meet the target of achieving its twin goals and delivering 2030 Agenda.
European Union, World Bank earmark N60b for resettlement projects in Borno
The European Union and World Bank have earmarked N60 billion to execute rehabilitation, resettlement and livelihoods projects by FAO and eight other implementing partners in Borno State.
Ethiopia rejects World Bank mediation in Nile water dispute
Ethopia’S Prime Minister Hailemariam Desalegn has rejected a call by Egypt for World Bank arbitration in a dispute over a hydroelectric dam Addis Ababa is building along its share of the Nile. The two countries are at odds over the construction of the Grand Ethiopian Renaissance Dam; with Cairo fearing the project would restrict waters…
Abacha loot: Much ado for nothing
Nigeria must have had a swell Christmas if the provision of the Memorandum of Understanding (MoU) signed with the Swiss Federal Council and the World Bank...
World Bank supports sub-Sahara Africa with $10b
The World Bank and ECOWAS Commission have concluded a high-level consultation event on Regional Integration, as a possible catalyst to reignite Africa’s economic growth engine.
After a bleak 2017, what hope for Nigeria in 2018?
2017 was bleak; blighted by inflation, recession, government prevarication on important decisions, an insincere war on corruption, uptick in Boko Haram attacks (mostly on soft targets) and needless pastoral conflicts. The gloom that the year represented was accentuated by the promise that heralded it. At the beginning of the year, the Muhammadu Buhari administration had…
Nigerians in diaspora remitted $19bn in 2016 - World Bank
According to the World Bank’s Migration and Remittances Factbook 2016, Nigerians in diaspora remitted a total of $19bn in 2016, making it one of the top six receivers for the period.
World Bank to stop financing oil, gas projects from 2019
The World Bank will stop financing oil and gas exploration and extraction from 2019, it announced Tuesday at a climate summit seeking to boost the global economy's shift to clean energy.