World Bank
15 Oct
The World Bank has reaffirmed its support for Nigeria's COVID-19 recovery efforts with a $500,000 investment in the Nigeria Community Action for Resilience and Economic Stimulus (NG-CARES) programme.
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…
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30 mins ago
Troops of the 6 Division Nigerian Army, in collaboration with other security agencies, have recovered over 60,000 litres
41 mins ago
Two persons on Monday lost their lives in a communal clash that occurred in Iwaro in the Akoko South West Local Council
42 mins ago
Nigerian singer, Simisola Bolatito Ogunleye, better known simply as Simi, has captivated fans with her love note to her husband, Adekunle Gold on their 6th wedding anniversary. The couple, who tied the knot in a beautiful private ceremony on January 9, 2019, have built a strong and loving foundation over the six years of their…
46 mins ago
The Lagos State Police Command has apprehended three suspects involved in the assault of a female employee accused of theft at a boutique on Lagos Island. Police spokesperson, Benjamin Hundeyin, disclosed this in an X post on Monday. The case came to light after a viral video on X showed a woman being whipped with…
55 mins ago
Nigerian fashion designer and content creator, Veekee James Atere, shades ladies with high standards. On January 12, 2025, Veekee shared a short video call with her and her husband, displaying public affection towards each other. She captioned the video, “Queen of standards, dey play.” While getting all loved up in the video, she wrote, "This…
56 mins ago
The National Rescue Movement has disowned a notice calling for an emergency national convention, noting that the information is the handiwork of mischief makers. The party clarified that the notice signed by one Isaac Udeh, who falsely presented himself as the National Chairman of the party was not authorised. The party said Udeh was not…
1 hour ago
The Edo State Governorship Election Tribunal has adjourned the hearing of all seven petitions to Wednesday, January 15, 2025. The tribunal made the decision following a formal request for adjournment by counsel for the 1st and 2nd respondents namely INEC and Monday Okpehbholo, due to a conflicting case at the Supreme Court. At the tribunal…
1 hour ago
The Kano State Government has introduced waste disposal bins in the state’s public transport system to ensure a cleaner environment. The initiative targets placing waste bins in Tricycles, buses, and at strategic points in the state, such as markets, bus stops, and motor parks. Kano Commissioner for Environment and Climate Change, Dr Dahiru Hashimu, unveiled…
1 hour ago
Borno State Governor, Babagana Umara Zulum, has called on the armed forces to intensify efforts to track and neutralise suspected Boko Haram/ISWAP terrorists. On Sunday 12 January 2025, suspected Boko Haram/ISWAP terrorists attacked some farmers and fishermen at Dumba community, near Baga in Kukawa Local Government Area leaving 40 people dead. Zulum in a statement…
1 hour ago
An Ekiti State High Court sitting in Ado Ekiti has sentenced a 25-year-old man to life imprisonment for raping a 17-year-old girl. The convict, Fajana Olajide was arraigned before Justice Lekan Ogunmoye on 18th January, 2024 on a count charge of rape. The charge reads that the defendant on 14th July 2023 in Ikere Ekiti…