The Federal Government’s spending on personnel costs and debt servicing exceeded total revenues in 2022, the World Bank has stated. It disclosed this in the June 2023 edition of the ...
Nigeria may miss a World Bank’s target of 148 million National Identification Number registrations by June 2024 after total NIN registrations hit 101 million as of June 2023. Under the ...
At least 64 million Nigerians are at risk of emergency food and nutritional assistance due to the attendant effects of rising inflation, climate change, among others, according to the World ...
Nigeria’s borrowing from the World Bank has reached $14.34bn as of March 31, 2023, The PUNCH has learnt. This was an increase from the $13.93bn debt recorded by the Debt Management Office ...
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 ...
The World Bank has advised the Federal Government to unify the nation’s multiple exchange rate windows and carry out a number of other reforms to strengthen the economy and restore ...
At the backdrop of the imminent assumption of office, the World Bank Group, WBG, has given a long list of challenges that need to addressed in the immediate term by ...
The next administration after the regime of the President, Major General Muhammadu Buhari (retd.), will begin the repayment of the $800m loan approved by the World Bank as subsidy palliative, The PUNCH has ...
The naira lost 10.2 per cent of its value in 2022, according to the World Bank. This came as rising food and fuel prices were responsible for high inflation in ...
World Bank has said developing counties including Nigeria have huge investment needs due to their inadequate infrastructure and other challenges. As such, the Washington-based lender called on policymakers to create ...
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