In a recent report, the World Bank paints a sobering picture of Nigeria’s economic landscape, anticipating a grim consequence of 2.8 million additional people slipping into poverty by the close of 2023.
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International Finance Corporation, IFC, will be including Nigeria in its plans to commission some new factories in Nigeria with a $30 million loan by supporting Baalbaki Chemical Industries, BCI, in the region.
Of countries ranked among the top 10 with high debt risk exposure globally, Nigeria is currently number 5, estimated at $11.7 billion.
Nigeria will benefit from the $2 billion Rockefeller Foundation and the International Finance Corporation, IFC (a World Bank Group) plan to spend on renewable energy, among other similar projects.
To maintain steady growth in this competitive era, Nigeria, Africa’s largest economy, has been issued just two pieces of advice.
Things have gotten really ugly in the nation that due to the unemployment ratio, Nigerians willingly accept refugee status offered by foreign countries ready to accommodate immigrants.
Nigeria has been excluded from the 4 Billion Dollar Covid-19 grant issued to over fifty countries in Africa and other developing nations around the globe by the World Bank.
The World Bank has solicited the support of the Nigeria Governors’ Forum, NGF, to set up a strategic design that would ensure the inflow of funds to strengthen the proposed economic recovery program.
The Senate has given the Nigerian government the go-ahead to borrow new loans. The National Assembly granted the President Muhammadu…
The Nigerian government has secured $1.5 billion loans from the World Bank to strengthen the nation’s economy. According to the…
The World Bank has said on Thursday that lower demand for crude oil may persist beyond 2021.
Given the threat posed by Coronavirus, COVID-19, the World Bank board of directors has approved the sum of $114.28 million…
Chronic depression is a global issue and mental health campaigns have garnered worldwide support recently
The World Bank says it will inject $22.5 billion over five years to help Africa tackle the dangers associated with…
Doing business is Nigeria is not easy. Nigeria has dropped one place on the latest Ease of Doing Business ranking released by the World Bank.
