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Tag "World Bank"

World Bank: FG’s interest payment on CBN loans to gulp 62% of revenue by 2027

    World Bank: FG’s interest payment on CBN loans to gulp 62% of revenue by 2027

The World Bank says interest payments on the federal government’s borrowing from the Central Bank of Nigeria (CBN) will gulp over 62 percent of revenue by 2027. The international financial

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2023 budget signing, senate’s request to CBN… 7 top business stories to track this week

    2023 budget signing, senate’s request to CBN… 7 top business stories to track this week

Here are the seven top business news you need to track this week — January 2 to January 6. BUHARI TO SIGN 2023 APPROPRIATION BILL ON JAN 3 President Muhammadu

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685m people could be living in extreme poverty by end of 2022, says World Bank

    685m people could be living in extreme poverty by end of 2022, says World Bank

The World Bank says a total of 685 million people could be living in extreme poverty by the end of 2022. The international financial organisation, in its report titled ‘2022

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Short transition period of naira redesign may affect economic activity, World Bank warns

    Short transition period of naira redesign may affect economic activity, World Bank warns

The World Bank has warned that the timing and short transition period of the naira redesign policy may have negative impacts on economic activity. The international financial organisation issued the

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‘Nigeria has vast growth potential’ — World Bank lists 10 reforms for economic transformation

  ‘Nigeria has vast growth potential’ — World Bank lists 10 reforms for economic transformation

The World Bank says Nigeria’s growth has been stagnant in the past decade despite its huge potential. The bank said

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World Bank cuts Nigeria’s 2022 growth forecast to 3.1%, says another 5m pushed into poverty

  World Bank cuts Nigeria’s 2022 growth forecast to 3.1%, says another 5m pushed into poverty

The World Bank says five million Nigerians have been pushed into poverty as a result of inflation in 2022. The

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World Bank approves additional $18m to strengthen disease surveillance in West Africa

  World Bank approves additional $18m to strengthen disease surveillance in West Africa

The World Bank says it has approved an additional $18 million to reinforce health systems and support effective disease surveillance

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Inflation report, redesigned naira notes… 7 top business stories to track this week

  Inflation report, redesigned naira notes… 7 top business stories to track this week

Here are the seven top business news you need to track this week — December 12 to December 16. CBN

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World Bank: Low income countries’ debt doubled in last decade — up by $9trn in 2021

  World Bank: Low income countries’ debt doubled in last decade — up by $9trn in 2021

The World Bank says the external debt stock of low-income and middle-income countries doubled over the past decade to $9

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‘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

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