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Tag "World Bank"

World Bank: Nigerians in diaspora spent $2.9bn to send $34bn in one year

    World Bank: Nigerians in diaspora spent $2.9bn to send $34bn in one year

Sub-Saharan Africa remains the costliest to send remittances as Nigerians in diaspora spent $2.94 billion to send $34.8 billion between 2020 and 2021. The World Bank revealed this in its

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El-Rufai: Cameroon shut down refinery because of cheap fuel from Nigeria

    El-Rufai: Cameroon shut down refinery because of cheap fuel from Nigeria

Nasir el-Rufai, governor of Kaduna, says Cameroon has closed down its refinery due to the cheap fuel they are getting from Nigeria. Speaking at the launch of the World Bank

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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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Zainab Ahmed: FG will replace fuel subsidy with N5,000 transport grant for 40m Nigerians

    Zainab Ahmed: FG will replace fuel subsidy with N5,000 transport grant for 40m Nigerians

Zainab Ahmed, minister of finance, budget and national planning, says Nigeria will remove fuel subsidies by 2022 and replace them with N5000-a-month transportation grant to the poorest Nigerians. Speaking at

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World Bank: High food prices could push 6m more Nigerians into poverty

  World Bank: High food prices could push 6m more Nigerians into poverty

The World Bank says the increase in food prices could push additional six million Nigerians into poverty — calling on

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PHOTOS: Obaseki inaugurates Edo Tech Park, to produce 15,000 software engineers

  PHOTOS: Obaseki inaugurates Edo Tech Park, to produce 15,000 software engineers

Godwin Obaseki, governor of Edo, has commissioned the Edo Tech Park, a software engineering and leadership training institute. The governor

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Climate Watch: Why COP26 summit is ‘last, best hope’ to meet 1.5C target

  Climate Watch: Why COP26 summit is ‘last, best hope’ to meet 1.5C target

Despite directly impacting our communities, health and livelihood, climate-related reports usually take a back seat to dominant news beats like

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Report: Nigeria ranked 6th among top ten countries benefitting from World Bank loans

  Report: Nigeria ranked 6th among top ten countries benefitting from World Bank loans

International Finance Corporation (IFC), a member of the World Bank Group, has ranked Nigeria sixth among the top 10 countries

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World Bank raises Nigeria’s 2021 growth forecast from 1.8 to 2.4%

  World Bank raises Nigeria’s 2021 growth forecast from 1.8 to 2.4%

The World Bank says Nigeria’s economy is expected to expand by 2.4 percent in 2021, up from 1.8 percent earlier projected

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Nigeria gets World Bank approval on $400m loan for COVID vaccines

  Nigeria gets World Bank approval on $400m loan for COVID vaccines

The World Bank has approved $400 million credit facility for the purchase and deployment of COVID vaccines in Nigeria. The

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