The naira has been listed among the worst-performing currencies in Sub-Saharan Africa in 2024. This is according to the latest edition of Africa’s Pulse, a new report by the World…
The President Bola Tinubu-led Federal Government has secured loans worth $6.45bn from the World Bank in just 16 months. The amount increased to the new figure following the recent approval…
The World Bank has again approved three new loan requests totalling $1.57bn in financing for Nigeria. According to a statement released on Monday, the approval is to support the Federal…
The Minister of Power, Adebayo Adelabu on Friday told Nigerians that the current electricity tariffs will be reduced with time. He said the tariffs may appear expensive for now but…
The Federal Government has approved a $750m World Bank funding for constructing 1,200 mini-grids in rural communities across Nigeria. Abba Aliyu, the Managing Director/Chief Executive Officer of the Rural…
The President Bola Tinubu-led federal government has vowed to sell off the five electricity Distribution Companies (DisCos) now under the management of banks and Asset Management Company (AMCON) in the…
In a recent release of its Global Economic Outlook at the International Monetary Fund/World Bank Spring Meetings in Washington D.C., on Tuesday, the IMF provided projections for Nigeria’s economy, indicating…
In a bid to achieve optimization of revenue generation and enhance ease of doing business in the country, President Bola Tinubu, on Tuesday, inaugurated a steering committee to drive an…
Nigeria is seeking $1.5bn aid from the World Bank to tackle the severe dollar shortage contributing to the decline of the naira. “We’re hoping to get $1bn or $1.5bn from…
The World Bank has predicted that persistent insecurity, armed conflict, and deteriorating livelihoods will continue to affect local government areas in Borno, Kaduna, Katsina, Sokoto, Yobe, Zamfara states, and the…