The World Bank has lowered its economic growth projection for Nigeria to an average of 4.1% in 2026, down from the 4.4% forecast it issued in October 2025. The global lender also revised its...
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1 Minute
World Bank forecasts commodity prices 6-year dip in 2026
News Update THE World Bank Group says global commodity prices will plunge to their lowest level in six years in 2026, marking the fourth consecutive year of decline. In the latest Commodity Markets Outlook,...
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2 Minutes
World Bank Report Reveals North Nigeria’s Economic Struggles
The World Bank on Wednesday expressed deep concern over Nigeria’s worsening poverty level, revealing that despite recent economic stabilisation efforts, about 139 million citizens are now living in poverty. The Bank warned that the...
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2 Minutes
BREAKING: World Bank approves $300m to support IDPs in Northern Nigeria
The World Bank says it has approved $300 million to fund a new project aimed at improving access to services and economic opportunities for internally displaced persons (IDPs) and their host communities in northern...
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2 Minutes
World Bank commits $ billion to Nigeria girls’ education
News Update THE World Bank has announced that it has earmarked 1.2 billion dollars for investment in girls’ education across 18 states. The states include; Borno, Ekiti, Kebbi, Kaduna, Plateau, Katsina, Kano, Adamawa, Kogi,...
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3 Minutes
W’Bank Debars Two Nigerian Firms, CEO for Corruption
The World Bank Group has announced the 30-month debarment of two Nigerian companies, Viva Atlantic Limited and Technology House Limited, alongside their Managing Director and Chief Executive Officer, Mr Norman Didam, for fraudulent, collusive,...
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3 Minutes
World Bank waives loan fees for least developed nations
News Update THE World Bank has announced the elimination of several loan fees to make borrowing more affordable for vulnerable countries, a significant move aimed at addressing global challenges like climate change, inequality, and...
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3 Minutes
World Bank: Naira among worst performing currencies
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 Bank. As...
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1 Minute
World Bank okays additional $1.57billion loan for Nigeria
News Update The World Bank announced that it has approved an additional $1.57 billion loan to the Nigerian government to fund three projects. The Washington-based bank disclosed this in a statement on Monday. The...
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4 Minutes
BREAKING: FG eyes $750m W’Bank loan, mulls telecom tax
In pursuit of securing a new $750m loan from the World Bank, the Federal Government may reintroduce previously suspended telecom tax and other fiscal measures. This is according to the Stakeholder Engagement Plan...
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