W’Bank

3 Minutes

Business

Naira among Africa’s worst currencies, falls by 40% –W’Bank officially reveals

Akanji Philip October 5, 2023 0 Comment

The Nigerian naira is among the worst-performing currencies in Africa, the World Bank has said. It noted that the currency weakened by nearly 40 per cent against the US dollar since a mid-June...

Petrol, electricity subsidies benefit only wealthy households – W’Bank asserts

Agency1 November 22, 2022 0 Comment

The World Bank has said that subsidies benefit only rich households and reduce government spending on poor Nigerians. This was contained in a statement on the bank’s website announcing the launch of the new...