World Bank
15 Oct
According to the World Bank, Credit Infrastructure, which is the first key pillar, refers to the sets of laws, institutions, and mechanisms that enable the efficient and secure extension of credit in an economy.
14 Oct
The World Bank said on Monday it had lowered its economic growth forecast for sub-Saharan Africa this year to 3 per cent from 3.4 per cent, mainly due to the destruction of Sudan’s economy in a civil war. However, growth is expected to remain comfortably above last year’s 2.4 per cent thanks to higher private…
14 Oct
The World Bank says 26 poorest countries worldwide “are deeper in debt than at any other time since 2006,” while being increasingly
14 Oct
Fifteen months after President Bola Tinubu declared a state of emergency on agriculture, requiring the cultivation of 500,000 hectares of farmland, the World Bank has listed Nigeria among the countries experiencing the worst food inflation.
13 Oct
The world's 26 poorest economies are facing the most significant debt burden since 2006, the World Bank announced in a new report published Sunday. Government debt in these countries, which are home to around 40 percent of the world's population, now stands at an average of 72 percent of GDP -- an 18-year high --…
12 Oct
Nigeria’s food security crisis has worsened in 2024, with over one million additional people experiencing severe food insecurity
7 Oct
The Cooperative Financing Agency of Nigeria (CFAN) and the World Bank say they will conduct a national census of savings and credit cooperative societies to help policymakers in decision making. Mr. Emmanuel Atama, the Executive Secretary of CFAN, said this in a statement in Abuja on Monday. Atama said that the census was in preparation…
4 Oct
The Bank of Industry (BoI) yesterday launched a mobile app intended to check live food prices across eight select states in the country.
3 Oct
The World Bank on Thursday announced the redirection of $250 million to emergency aid for Lebanon from funds that were originally meant to promote renewable energy in the country. "The World Bank is activating emergency response plans to be able to repurpose resources in the portfolio to respond to the urgent needs of people in…
3 Oct
Nigeria has secured a $500 million loan facility from the World Bank to boost livestock production, commercialisation, and resilience across the country. The project, tagged the Livestock Productivity and Resilience Support Project (L-PRES), runs from 2022 to 2028, funded with a loan of $500 million granted in 2021 and complemented by $46 million in counterpart…
3 Oct
The World Bank has expressed interest in partnering with the Ministry of Marine and Blue Economy to develop Nigeria’s maritime sector.
1 Oct
The Federal Government has secured $1.57 billion from the World Bank to execute three projects. The Nigerian office of the bank disclosed this yesterday in Abuja, saying the facility is meant to support Nigeria in addressing governance challenges
Latest
13 mins ago
Former Argentina boss Jorge Sampaoli's began his Rennes tenure with a 1-0 loss at Lille on Sunday, while riot police were deployed to stop an attempted pitch invasion by Nantes fans. Kosovo international Edon Zhegrova struck right before half-time as Lille extended their unbeaten run to eight games to stay a point behind third-placed Marseille.…
23 mins ago
Hollywood got respite from a slack few months as two much-anticipated new films -- Universal's "Wicked: Part I" and "Gladiator II" from Paramount -- roared to the top of the North American box office this weekend. "Wicked," the latest take on 1939's beloved "Wizard of Oz," took in an estimated $114 million for the Friday-through-Sunday…
42 mins ago
The Pan Niger Delta Forum (PANDEF), the foremost socio-political body of the South-South region, has commended President Bola Ahmed Tinubu for his decision to release Rivers State’s statutory allocation. During a media interaction at Uyo Airport on Saturday, PANDEF’s newly appointed National Chairman, Ambassador Godknows Igali, expressed satisfaction with the President’s move, describing it as…
50 mins ago
The European Union (EU) through its International organisation, Search for Common Ground, (SEARCH), has partnered with Bundu-Ama and Igbisikala-Ama communities in Port Harcourt City local government area as well as, security agencies to create a crime free environment . The organisation's representatives, the community members including youths, men and women as well as some security…
52 mins ago
Romelu Lukaku ensured Napoli maintained their one-point lead at the top of Serie A with the only goal in Sunday's 1-0 win over his old club Roma. Belgium striker Lukaku poked home his fifth Napoli goal seven minutes after half-time in Naples, handing veteran Claudio Ranieri a defeat on his return to management with his…
1 hour ago
Abducted relatives of former Daily Trust Editor, Malam Ahmed Tahir Ajobe, have been released. It was gathered that their abductors had earlier reduced the ransom to N10m from the N50m earlier demanded. The three victims include a male and two females, including Mr Ajobe's immediate younger sister, Halimtu-Sadiya Tahir. This was disclosed to our…
1 hour ago
Kylian Mbappe scored his first goal in five games for Real Madrid as the champions beat Leganes 3-0 on Sunday in La Liga. Fede Valverde and Jude Bellingham also struck as Madrid moved second, four points behind leaders Barcelona with a game in hand. Los Blancos capitalised after Barcelona slipped to a draw at Celta…
1 hour ago
A financial expert, Prof. Uche Uwaleke, says the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) is likely to raise interest rates again. Uwaleke, the Director, Institute of Capital Market at the Nasarawa State University, is also the President, Capital Market Academics of Nigeria. He said this in an interview with the…
1 hour ago
Note that the high priest’s prayer for the forgiveness of the Israelites’ sin on the Day of Atonement would not be heard until his own sinful condition had been cleansed.
2 hours ago
Ruben Amorim was given a stark illustration of the size of his task at Manchester United after his uninspiring team were held 1-1 by struggling Ipswich Town in his first match in charge on Sunday. The Portuguese who is the latest man tasked with restoring the club to the top of English football spoke before…