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Short transition period of naira redesign may affect economic activity, World Bank warns

    Short transition period of naira redesign may affect economic activity, World Bank warns

The World Bank has warned that the timing and short transition period of the naira redesign policy may have negative impacts on economic activity. The international financial organisation issued the

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World Bank cuts Nigeria’s 2022 growth forecast to 3.1%, says another 5m pushed into poverty

    World Bank cuts Nigeria’s 2022 growth forecast to 3.1%, says another 5m pushed into poverty

The World Bank says five million Nigerians have been pushed into poverty as a result of inflation in 2022. The Bretton Woods institution said this in its latest Nigeria Development

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World Bank: Inflation to push additional 1m Nigerians into poverty by end of 2022

    World Bank: Inflation to push additional 1m Nigerians into poverty by end of 2022

The World Bank says inflation is likely to push an additional one million Nigerians into poverty by the end of 2022. The international financial organisation made the projection in its

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Kill subsidy, cut CBN loans, raise ‘sin’ taxes… 7 things World Bank wants Buhari to do in 2022

    Kill subsidy, cut CBN loans, raise ‘sin’ taxes… 7 things World Bank wants Buhari to do in 2022

The World Bank on Tuesday released its November 2021 Nigeria Development Update, which showed — among other things — that eight million Nigerians fell into poverty in less than two

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