The World Bank has approved the extension of the Federal Government COVID-19 Action Recovery and Economic Stimulus tagged: “NG-CARES” Programme from June 2023 to June 2024. The Minister of State for Budget and National Planning, Clem Agba, made this known…
By Seun Ibiyemi Nigeria’s debt profile has increased $14.34billion as the Federal Government led by President Muhammadu Buhari borrowed $410million in first quarter of 2023 from the World Bank according to report obtained. The data obtained from the Washington-based bank…
The World Bank confirmed on Wednesday that Ajay Banga would be its next president, handing him the reins at a pivotal time as it looks to reshape its role to better address climate change. “The Board looks forward to working…
The World Bank says inflation in food prices remains high globally. It made the declaration in its latest Food Security Update report issued on Wednesday. “Information from the latest month between December 2022 and March 2023 for which food price…
The World Bank released its 2023 Logistics Performance Index (LPI) report, urging developing economies to boost their economic growth through improvements in logistics for goods transportation. The report is a measure of countries’ ability to move goods across borders with…
The Ogun State Government in collaboration with the International Institute of Tropical Agriculture, (IITA), Ibadan and the World Bank have inaugurated an information system targeted at farmers and value-chain actors for the economic growth of the state. The system tagged…
The Global Sovereign Debt Roundtable (GSDR), on Wednesday discussed debt sustainability and debt restructuring challenges and ways to address them. This is contained in a statement issued by the International Monetary Fund (IMF) Press Centre, a copy of which was…
By David Awoyemi World Bank has upgraded its 2023 global growth forecast from 1.7 per cent to 2 per cent. Similarly, The international financial institution is now forecasting 2 pe rcent growth for 2023 – up from a 1.7 percent…
By Seun Ibiyemi As Federal Government planned removal of subsidy on Premium Motor Spirit (PMS) known as Petrol and set to disburse $800 million World Bank palliative to stakeholders, mixed reactions have continued to trail the disbursement as stakeholders who…
The World Bank has said the naira lost 10.2 per cent of its value in 2022. The bank was speaking on the heels of the rising food and fuel prices responsible for high inflation in the country in 2022. The…
