The World Bank has announced the appointment of Mathew Verghis as its new Country Director for Nigeria, effective July 1, 2025. Verghis takes over from Dr. Ndiame Diop, who has assumed a new role ...

The World Bank has maintained its projection that Nigeria’s economy will grow by 3.6 per cent in 2025, even as it downgraded global growth expectations due to rising trade tensions and ...

Meanwhile, the World Bank also stated that the per capita income in Nigeria and SSA is projected to expand by an average of 1.6 per cent a year in 2025-27, with growth in 2025 revised down by 0.4 ...

The World Bank also linked disbursement of another $30m to the implementation of green taxes (DLR 3.4), but Nigeria has yet to reach a consensus on this.

The World Bank's recent call for a forensic audit of the Nigerian National Petroleum Company Limited (NNPCL) is grounded in its broader mandate to support Nigeria's macroeconomic stability and ...

World Bank predicts sharp poverty by 2027 Legit.ng earlier reported that the World Bank has forecasted a significant rise in poverty levels in Nigeria by 3.6% points by 2027.

Before long Nigeria will again be in another debt-trap; and the World Bank would have laid the trap.” Today, just 20 years after we exited one trap, we are in a bigger trap. Here is why.

The World Bank is set to decide on three major loan projects for Nigeria in 2025, totalling $1.65bn, as part of efforts to address critical developmental challenges in the country.

World Bank lead economist for Nigeria Alex Sienaert said that Nigeria's fiscal deficit has reduced from 6.2% of Gross Domestic Product (GDP) in the first half of last year to 4.4% in the first ...

The World Bank has given the green light to a $500 million loan to support the Sustainable Power and Irrigation for Nigeria (SPIN) initiative to mitigate challenges of climate conditions.

The World Bank approved $1.57 billion in new lending to Nigeria via three projects aimed at strengthening health for women and children, and improving dam safety to improve resilience to climate ...

The World Bank has approved a $1.57 billion financing package for Nigeria under a new programme to support its health and education sectors and help provide sustainable power, the bank said on Monday.