World Bank
7 Aug
The World Bank has warned that most developing countries, including Nigeria, may be stuck in a “middle-income trap” and miss the ambitious targets of rising above the challenge. The bank said high debt burden, aging populations and rising protectionism in advanced countries could continue to hobble developing economies. The COVID-19 crisis had heightened the tendency…
27 Jul
A pro-democracy group, Journalists for Democratic Rights (JODER), has called on President Bola Tinubu to set up an independent Judicial Panel of Enquiry to investigate allegations of high-level corruption in the Nigerian National Petroleum Corporation Ltd (NNPC) and World Bank operations in Nigeria. In a statement yesterday signed by Akinwale Kasali, JODER's official, the group…
14 Jun
The World Bank has warned that the Central Bank of Nigeria's (CBN) tightening of monetary policy will not effectively address inflation in the country. The Bretton Woods institution disclosed this in its global economic prospects report released on Wednesday. According to the World Bank, one of the risks to Nigerian economic growth is a failure…
13 Jun
The World Bank has announced the approval of $2.25 billion in financial and technical support for Nigeria. The facility is in two folds: $1.5 billion for the Nigeria Reforms for Economic Stabilisation to Enable Transformation (RESET) Development Policy Financing Program (DPF) and $750 million for the Nigeria Accelerating Resource Mobilisation Reforms (ARMOR) Programme-for-Results (PforR). As at…
13 Jun
The World Bank has announced the approval of $2.25 billion in financial and technical support for Nigeria. The facility is in two folds: $1.5 billion for the Nigeria Reforms for Economic Stabilization to Enable Transformation (RESET) Development Policy Financing Program (DPF) and $750 million for the Nigeria Accelerating Resource Mobilisation Reforms (ARMOR) Programme-for-Results (PforR). As…
13 Jun
The World Bank and Ministry of Trade and Investment have partnered the Nigeria Shippers’ Council (NSC) to reduce inspections at the borders and improve trade facilitation to boost the country's economy.
13 Jun
The World Bank has stated that monetary policy tightening by the Central Bank of Nigeria (CBN) may not rein in inflation as anticipated by analysts. In its recent report titled ‘Global Economic Prospects’ on the outlook for 2024 and 2025, the World Bank
11 Jun
Child marriage remains a pervasive issue in Niger, with one in four women aged 25-29 having been married before the age of 15.
8 Jun
The World Bank has mandated the hiring of a security consultant to address pervasive insecurity issues affecting its $1.2 billion loan
5 Jun
The Federal Government has said that the country has enhanced and strengthened capacity, fostered economic linkages and improved employment opportunities for the Mineral Sector Support for Economic Diversification (MinDiver), a World Bank-funded project. The minister of Solid Minerals Development, Dele Alake, disclosed this in Abuja, during the MinDiver Project Closure Workshop. Represented by the Director-General,…
3 Jun
A joint team of the Agro-Climatic Resilience in Semi-Arid Landscapes (ACReSAL) has begun its Nigeria Hybrid Implementation Support Mission for projects in 19 northern states, and Federal Capital Territory (FCT), Abuja.
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The Office for National Statistics (ONS) on Thursday released its latest migration figures, revealing a 20% decline in net migration to the UK. The numbers show that 728,000 people migrated to the UK in the year ending June 2024, down from 906,000 the previous year. The reduction is largely attributed to changes in visa policies…
10 mins ago
The Plateau State Contributory Health Management Agency (PLASCHEMA) has trained 51 of its staff on capacity building to enhance the agency’s efficiency and boost healthcare delivery. PLASCHEMA Director-General (D-G) Dr. Agabus Manasseh said at the opening of the training on Thursday in Jos that the trainees were drawn from local government offices of the agency.…
35 mins ago
Ms. Adefunke Adeyemi has been re-elected as the Secretary General of the African Civil Aviation Commission (AFCAC).
40 mins ago
The Nigerian Army Resource Centre (NARC), on Thursday graduated another set of officers and soldiers for proficiency in indigenous languages as part of effort to enhance army operations to curb insecurity in the country. The centre graduated a total of 160 personnel from the Indigenous Languages Proficiency Course 17/2024 who were taught and certified in…
40 mins ago
Nestlé Nigeria has emerged as the winner of the Nigeria Employers' Consultative Association (NECA) Excellence Award in the Food and Beverages (Food)
42 mins ago
A 17-year-old girl, Milena Shevelyova, has been allegedly raped and fed to pigs by the suspect, who has a grudge against her father, who was
46 mins ago
A social media user has sparked widespread reactions after posting on X (formerly Twitter) about his mother-in-law’s festive chicken priced at ₦30,000. The post, shared on November 28, 2024, was intended as a promotional effort to attract buyers from Ughelli and Warri but quickly turned into a heated discussion about the rising cost of living…
59 mins ago
A Federal High Court in Abuja on Thursday, ordered the Inspector-General (I-G) of Police, Mr. Kayode Egbetokun, to produce two foreign nationals; Etienne Rocher and Pawan Kapur, alongside others, before it for arraignment. Justice Joyce Abdulmalik gave the order following the absence of the defendants in court to take their plea in the alleged N37.6…
1 hour ago
A woman, Wuraola Surajudeen, on Wednesday prayed an Area Court in Ilorin, to grant her divorce two weeks after her marriage to husband, Surajudeen Iya-Onitasi on grounds of “lack of love and affection”. She told the court that she was once married before her wedding to Iya-Onitasi. ”I divorced my former husband due to pressure…