Nigeria is seeking a fresh $10.5 million loan from the World Bank to enhance the Central Bank of Nigeria’s technical capacity and modernize the country’s domestic payment infrastructure. The proposed CBN Technical Assistance Facility aims to support the integration of…
Rauf Oyewole, Bauchi The Bauchi State Governor, Bala Mohammed has flagged off the distribution of 7,000 gadgets to beneficiaries of the Nigeria Community Action for Resilience and Economic Stimulus (NG-CARES), while directing that mechanism should be formulated to access additional…
The National Identity Management Commission has authorized FIC Professionals Network Plc to take part in the World Bank-backed Identity for Development. This disclosed in a statement signed by the Executive Director, FIC Professionals Network Plc, Segun Shonubi, on Thursday. The…
US President Joe Biden has pledged $4 billion to the World Bank’s International Development Association fund, aimed at supporting the world’s poorest countries. This three-year commitment, announced at the G20 summit in Rio de Janeiro on Monday, sets a new…
…Says advisories, policy recommendations responsible for economic woes The Nigeria Labour Congress (NLC) has blamed the International Monetary Fund (IMF) and the World Bank alleging its influence on the Federal Government’s removal of petrol subsidy The NLC in a statement…
The Socio-Economic Rights and Accountability Project (SERAP) has sent a complaint to the World Bank Inspection Panel urging the Panel “to probe allegations of corruption in the spending of the loans and other funding facilities obtained by the Federal Government…
By Ismail Azeez, Osogbo The Osun Civil Societies Coalition on Wednesday called on President Bola Tinubu to abandon World Bank and IMF economic policies, which they claim have worsened the suffering of Nigerians. According to the OCSC, we are using June…
By Sodiq Adelakun The federal government is in talks with the World Bank to secure a substantial loan of $500 million aimed at addressing the dire situation of internally displaced persons (IDPs) and the communities hosting them. This financial aid…
…Nigeria’s low data costs hinder expansion of mobile coverage in rural areas — Communication minister By Sodiq Adelakun Improved access to Internet coverage in Nigeria and Tanzania has led to a seven percent reduction in extreme poverty, according to the…
The Home Finance Department of the Ministry of Finance, Budget and National Planning has received the sum of $5.6m from the World Bank to procure 21 items, which included office stationeries, furniture, solar inverter, office equipment, and vehicles. The approvals…
