Wednesday, September 19, 2018

Tag "World Bank Group"

    Follow TheCable for live updates from the 2018 IMF/WBG Spring meetings

Follow TheCable for live updates from the 2018 IMF/WBG Spring meetings

At the 2017 annual meetings of the International Monetary Fund (IMF) and World Bank Group, Christine Lagarde, IMF managing director, advised world leaders to invest in their people.During his recent visit to Nigeria, Bill Gates, world's second richest man, echoed the similar thoughts, saying roads and trains without skilled workers cannot flourish.The business and finance world — led by the [...]

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    Global poverty to fall below 10% for the first time ever

Global poverty to fall below 10% for the first time ever

The number of people living in extreme poverty around the world is likely to fall to under 10 percent of the global population in 2015, the World Bank has said.World Bank projections give fresh evidence that a quarter-century-long sustained reduction in poverty is moving the world closer to the historic goal of ending poverty by 2030.Despite the use of an [...]

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    Lagos gets $200m from World Bank

Lagos gets $200m from World Bank

The World Bank has approved a $200m credit to Lagos state to support fiscal sustainability, budget planning, budget execution, and the investment climate in the state.This was disclosed by the bank in a statement issued on Wednesday.The operation would help sustain the state’s recent economic growth and poverty reduction while continuing to deliver social services to the city’s expanding population, [...]

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    Nigeria’s external debt now $9.4bn

Nigeria’s external debt now $9.4bn

The Debt Management Office (DMO) says Nigeria's external debt profile stood at $9.4 billion as at the end of March 2015.This was disclosed in a release that DMO published on its website on Monday, detailing the country’s debt stock profile.According to the release, the figure shows a decrease of about $300 million from the $9.7 billion that the country had as its [...]

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Exchange Rates

September 18, 2018USDGBPEUR
INTERBANK360.45480.18420.32
LAGOS360485425
KANO361483423
PH362482423
ABUJA362481423
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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