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Tag "World Bank"

DPR: We’ve advised FG to forgo $1.5bn World Bank loan — we have the money

    DPR: We’ve advised FG to forgo $1.5bn World Bank loan — we have the money

The Department of Petroleum Resources (DPR) says it has advised the federal government to consider withdrawing a $1.5 billion loan request sent to the World Bank. In a statement on

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Is Nigeria heading for a technical recession?

    Is Nigeria heading for a technical recession?

Nigeria’s monetary and fiscal policymakers face enormous challenges as the country confronts a looming technical recession just three years after the last downturn in 2017. The COVID-19 pandemic circumstances have

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World Bank suspends Doing Business report to probe data irregularities

    World Bank suspends Doing Business report to probe data irregularities

The World Bank says it has paused the publication of its annual Doing Business report because it has discovered cases of data manipulation by some countries. In a statement on

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COVID-19 stimulus: 16 states receive N1.6bn World Bank grant

    COVID-19 stimulus: 16 states receive N1.6bn World Bank grant

The national economic council (NEC) says 16 states have, so far, received N100 million grant each from the World Bank to ease the impact of the COVID-19 lockdown. Abdullahi Sule,

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Report: World Bank delays approval for Nigeria’s $1.5bn loan over naira reforms

  Report: World Bank delays approval for Nigeria’s $1.5bn loan over naira reforms

The World Bank is delaying approval of Nigeria’s request for a $1.5 billion loan due to concerns over desired reforms,

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COVID-19: States to get $2.5m World Bank grant if they give tax relief

  COVID-19: States to get $2.5m World Bank grant if they give tax relief

The World Bank will reward states with $2.5 million each in performance-based grants if they implement, by September 30, tax

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SERAP to World Bank: Ask Buhari to monitor how states spend $114m COVID-19 funds

  SERAP to World Bank: Ask Buhari to monitor how states spend $114m COVID-19 funds

Socio-Economic Rights and Accountability Project (SERAP) has asked the World Bank to ensure that the federal and state governments are

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World Bank approves $114m for Nigeria to boost COVID-19 response

  World Bank approves $114m for Nigeria to boost COVID-19 response

The World Bank has approved $114.28 million for states in Nigeria to boost capacity for COVID-19 response. In a statement

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World Bank approves $500m credit to support secondary school girls in Nigeria

  World Bank approves $500m credit to support secondary school girls in Nigeria

The World Bank’s International Development Association (IDA) has approved a $500 million credit to Nigeria to support the adolescent girls

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EXCLUSIVE: ‘Presidency source’ lied — Azura $1.2bn deal was signed in August 2015

  EXCLUSIVE: ‘Presidency source’ lied — Azura $1.2bn deal was signed in August 2015

An unnamed presidency source told reporters on Sunday that the Azura Power deal was signed by the government of President

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