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Tag "World Bank"

‘Remove petrol subsidy, unify FX market’ — World Bank advises Nigeria on fiscal reforms

    ‘Remove petrol subsidy, unify FX market’ — World Bank advises Nigeria on fiscal reforms

The World Bank says Nigeria needs to urgently phase out “its costly, regressive fuel subsidy.” The bank disclosed this in a statement announcing the launch of its report, titled ‘Nigeria

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Nigerian economic summit, October Inflation report… 7 top business stories to track this week

    Nigerian economic summit, October Inflation report… 7 top business stories to track this week

Here are the seven top business news you need to track this week — November 13 to November 18 INTERNATIONAL RAILWAY CONFERENCE AND EXHIBITION 2022 The international Railway Conference and

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World Bank introduces cost-effective electrification initiative for sub-Saharan Africa

    World Bank introduces cost-effective electrification initiative for sub-Saharan Africa

The World Bank has introduced a cost-effective electrification initiative to allow sub-Saharan Africa to meet the projection of universal electricity access by 2030. The bank said this in a statement

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World Bank: We’ll assess Nigeria’s sustainability plan before granting debt restructuring

    World Bank: We’ll assess Nigeria’s sustainability plan before granting debt restructuring

The World Bank says it will assess Nigeria’s debt sustainability plan before granting relief. It, however, said the country is yet to request debt restructuring under the G20 common framework.

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World Bank debars seven Nigerian companies, individuals over corruption

  World Bank debars seven Nigerian companies, individuals over corruption

The World Bank has debarred five Nigerian firms and individuals for engaging in corrupt practices. In addition, two Nigerian companies

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IMF-World Bank meeting, fuel scarcity… 7 top business stories to track this week

Here are the seven top business news you need to track this week — October 10 to October 14 IMF-WORLD

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World Bank: Global goal of ending poverty by 2030 unlikely to be achieved

  World Bank: Global goal of ending poverty by 2030 unlikely to be achieved

The World Bank says the world is unlikely to meet the goal of ending extreme poverty by 2030. The bank said

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World Bank: Eight African countries in debt distress… 14 at high risk of joining them

  World Bank: Eight African countries in debt distress… 14 at high risk of joining them

The World Bank says eight countries in sub-Saharan Africa are in debt distress, and 14 are at high risk of

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Nigerian states to benefit from World Bank’s $750m credit facilities

  Nigerian states to benefit from World Bank’s $750m credit facilities

The World Bank has approved a $750 million International Development Association (IDA) credit to support the Nigeria State Action on

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DMO to FG: Grow revenue sources, cut waste to reduce borrowing

  DMO to FG: Grow revenue sources, cut waste to reduce borrowing

The Debt Management Office (DMO) says the federal government can reduce its dependence on borrowings to finance budget deficits by

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