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Tag "World Bank"

World Bank: Despite exit from recession, Nigeria’s poverty increased in 2017

    World Bank: Despite exit from recession, Nigeria’s poverty increased in 2017

The World Bank says unemployment and poverty rates increased in Nigeria despite an exit from recession in 2017. The Bretton Wood institution made these remarks in a report released on

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Adeosun: No apologies for borrowing to end recession

    Adeosun: No apologies for borrowing to end recession

Kemi Adeosun, minister of finance, says the current administration has no apologies for borrowing to end recession. In 2016, Nigeria’s economy slipped into its worst recession in 29 years and

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World Bank: African countries’ subsidies help the rich more than the poor

    World Bank: African countries’ subsidies help the rich more than the poor

Jim Yong Kim, World Bank president, says subsidies provided by African countries help the rich more than the poor. Speaking to journalists at the ongoing Spring meetings of the International

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I regret criticising World Bank over $350m loan, says Kaduna deputy governor

  I regret criticising World Bank over $350m loan, says Kaduna deputy governor

Barnabas Bantex, deputy governor of Kaduna State, has expressed regrets over the comments he made on the senate’s rejection of

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Adeosun asks World Bank, IMF to move against tax-evading multinationals

  Adeosun asks World Bank, IMF to move against tax-evading multinationals

Kemi Adeosun, minister of finance, has asked the World Bank and International Monetary Fund (IMF) to label tax evasion by

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DMO: Foreign debt servicing hit $197.29m in Q3

  DMO: Foreign debt servicing hit $197.29m in Q3

A total of $197.29m was spent on servicing Nigeria’s foreign debts in the third quarter of 2017 (Q3 2017), according

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World Bank: We’ll stop financing oil and gas projects after 2019

  World Bank: We’ll stop financing oil and gas projects after 2019

The World Bank says it will stop financing upstream oil and gas projects after 2019. The Bretton Wood institution made

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Nigeria, US sign agreement on return of $300m ‘looted by Abacha, Alamieyeseigha’

  Nigeria, US sign agreement on return of $300m ‘looted by Abacha, Alamieyeseigha’

The federal government has signed an agreement with the United States on the return of over $300 million allegedly looted

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Senate approves $350m World Bank loan for Ogun

  Senate approves $350m World Bank loan for Ogun

The senate has approved $350 million World Bank loan for Ogun State Development Policy Operation (DPO). The approval followed the

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