World Bank
10 Nov
The World Bank on Friday provided Sri Lanka $150 million to underwrite savings of millions of depositors in a move that highlights the bankrupt country's financial fragility as it recovers from a crisis last year.
2 Nov
The World Bank says it has so far disbursed over $300 million out of its $750 million commitment for the implementation of the Nigerian COVID-19 Action Recovery and Economic Stimulus (NG-CARES).
19 Oct 2023
The World Bank has urged the federal government to adopt the Nigeria COVID-19 Action Recovery and Economic Stimulus (NG-CARES) social protection programme for the distribution of the fuel subsidy removal palliatives if it is desirous of reaching the real poor and vulnerable citizens.
18 Oct 2023
To a lot of people in the developing world, and especially Sub-Saharan Africa, where desperately striving to eke a living on the World Bank’s estimation of a per capita income of $1626; and where life assumes Hobbesian dimensions - short, nasty and brutish; the phrase, circular economy, sounds, just like yet another, fanciful piece of…
15 Oct 2023
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has emerged the Chairman of the African Governors’ Forum of the World Bank.
11 Oct 2023
The World Bank, on Wednesday, expressed its vision to channel its intervention “Global South” countries to economic inclusion of women and children in the global economy. Its President, Ajay Banga, said this while addressing the press during THE 2023 Annual Meetings of the bank and IMF in Marrakech, Morocco. The News Agency of Nigeria (NAN)…
10 Oct 2023
World Bank President Ajay Banga said Tuesday the global lender has dramatically cut its funding of fossil fuel projects but defended its investments in natural gas, even as the bank eyes reforms to battle climate change.
9 Oct 2023
The IMF and World Bank gather in Morocco Monday for their first annual meetings on African soil in 50 years, under pressure to reform to better aid poor nations blighted by debt and climate change.
6 Oct 2023
Despite initial backlash and delay from local assemblers, the World Bank, in Abuja, yesterday, went ahead with a plan to provide about 1.25 million electricity meters, even as the Federal Government insisted estimated billing must end.
5 Oct 2023
The World Bank has listed the Nigerian naira among the worst-performing currencies in Africa.
5 Oct 2023
The World Bank has urged Nigeria and other countries in sub-Saharan Africa (SSA) to ensure cost-effective private sector reforms, uniform policy enforcement across firm sizes and regulatory alignment with regional trading partners among other policies...
Latest
44 mins ago
Dana Air has announced that it is processing refunds for flights affected after it was suspended by the Nigeria Civil Aviation Authority (NCAA). The Minister of Aviation and Aerospace Development Festus Keyamo directed the NCAA to suspend the airline to conduct a safety and financial audit following a runway incursion incident involving one of the…
47 mins ago
Turkey's central bank held its key interest rate steady on Thursday but warned it could hike it again as the country's soaring inflation remains a headache for President Recep Tayyip Erdogan's government. The central bank's monetary policy committee decided to keep the policy rate at 50 percent. But it left the door open to raising…
58 mins ago
Renowned rapper Kanye West, who legally changed his name to 'Ye' in 2021, is reportedly planning to venture into the adult film industry. According to sources, Ye is planning to set up his own studio, marking his entry as a producer in the adult film industry. A representative for Ye has reportedly told TMZ that…
1 hour ago
The Corps Marshal, Mr Dauda Biu, has hailed road marshals nationwide for their doggedness and sacrifices in checkmating routes violations thereby reducing road traffic accidents by 42 per cent.
2 hours ago
Vietnam's top soft drinks tycoon was jailed for eight years on Thursday in a $40 million fraud case, the latest high-profile business figure snared in the country's sweeping crackdown on corruption.
2 hours ago
The Lagos State Ministry of Education is investigating the Indian Language School in Ilupeju accused of denying Nigerians admission. The move to carry out the investigation was a result of a post made by an X user @decommonroom who shared his experience with the school. “The Indian school in Ilupeju only admits Indians. You need…
2 hours ago
The Oyo State Police Command has announced that it is investigating a shooting incident that occurred in the early hours of Monday, April 22nd, at a popular nightclub along the "Under G" area of Owode-Ogbomoso. The police, in a statement on Thursday, said the shooting incident claimed the life of one Iyanda Damilola. A distress…
2 hours ago
Four scam victims in Japan sued Facebook on Thursday after being hoodwinked by fraudulent online investment ads that used images of celebrities without their consent, their lawyer said.
3 hours ago
US Secretary of State Antony Blinken called Thursday on the United States and China to manage their differences "responsibly" as he landed in Beijing for tough talks with the rival power's leaders.
3 hours ago
Authorities have confirmed the escape of 118 inmates from the Suleja Medium Security Custodial Centre, Niger state, following a heavy downpour that wreaked havoc on the facility, Wednesday night. The rain which lasted hours was said to have destroyed part of the main facility and the perimeter fence giving way for the inmates to escape.…