World Bank Group
Why Osinbajo, others are honoured in legal awards
Nigerian Vice-President, Prof. Yemi Osinbajo, (SAN), senior Vice-President and General Counsel of the World Bank Group, Dr Sandie Okoro and others would be honoured in this year’s legal award for their outstanding contributions to the law.
Nigeria’s debt stock rises to N25.7 trillion
he nation’s debt profile rose from N24.95 trillion to N25.7 trillion in the last three months. One year ago, it was N22.38 trillion. The development showed that between April and June, the country’s obligations rose by N750 billion
New UNWTO findings show women lead in tourism
To mark the International Women’s Day, UNWTO, in collaboration with UN Women, the German Cooperation Agency (GIZ), World Bank Group and Amadeus, has released preliminary findings of the second edition of Global Report on Women in Tourism. ITB Berlin, the world’s leading trade fair, provided the backdrop to announcing The Global Report. The initial results…
Okonjo-Iweala eyes World Bank presidency
Nigeria’s former Minister of Finance, Prof. Ngozi Okonjo-Iweala has renewed her interest in vying for the post of World Bank’s President. Okonjo-Iweala, in an interview with Richard Quest on Cable News Network (CNN), disclosed this yesterday in Davos, Switzerland. She said: “I know that, because I contested the last time in 2012, and many people…
Nigeria’s debt stock rises by N49 billion
The nation’s debt stock is again rising after a temporary decline in the second quarter of 2018, settling at N22.43 trillion, with N49.14 billion rise in the third quarter. The amount, which represents 0.22 per cent increase in the obligations’ profile, was recorded after the second quarter statistics showed a decline to N22.37 trillion, from…
Doing business here is still not easy
It should be curiously disappointing that despite noisy investment nurtured by renewed interest of the Federal Government on the issue of ease of doing business...
Developing economies call for global action to contain risks
Volatile capital flows, foreign exchange pressures and higher borrowing costs have buffeted emerging markets as major economies have begun rolling back the very low interest rates that have prevailed since the 2008 global financial crisis.
IFC’s green bond raises $134m for climate investments
International Finance Corporation (IFC), a member of the World Bank Group, has issued its inaugural Indonesian Rupiah Komodo green bond, attracting strong investor demand and raising 2 trillion IDR—the equivalent of $134 million in U.S. currency—to combat climate change....
World Bank encouraged by Nigeria’s growth
The World Bank Group has expressed satisfaction with the performance of the Nigerian economy as it continues on the path to growth. The commendation was contained in a statement by the bank on Monday, after the conclusion of a visit to Nigeria by 10 Executive Directors of the bank from May 9 to 12. According…