world Bank

2 Minutes

Education

World Bank commits $ billion to Nigeria girls’ education

VAM News February 3, 2025 0 Comment

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,...

3 Minutes

Business

W’Bank Debars Two Nigerian Firms, CEO for Corruption

Akanji Philip January 21, 2025 0 Comment

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,...

3 Minutes

World News

World Bank waives loan fees for least developed nations

VAM News December 26, 2024 0 Comment

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...

3 Minutes

Extra

World Bank: Naira among worst performing currencies

Akanji Philip October 16, 2024 0 Comment

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...

1 Minute

National

World Bank okays additional $1.57billion loan for Nigeria

VAM News September 30, 2024 0 Comment

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...

4 Minutes

National

BREAKING: FG eyes $750m W’Bank loan, mulls telecom tax

Akanji Philip May 7, 2024 0 Comment

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...

2 Minutes

Extra

BREAKING: World Bank, AfDB to offer electricity to 300m Africans

Akanji Philip April 18, 2024 0 Comment

The World Bank and the African Development Bank (AfDB) are partnering to provide electricity access to at least 300 million people in Africa by 2030. This was disclosed following the meeting of World...

3 Minutes

Featured

Borno, Adamawa, others risk severe food crisis – World Bank Reports

Akanji Philip February 9, 2024 0 Comment

The World Bank has said seven states across the North-west and North-east regions of the country may suffer food crises due to high levels of insecurity and armed conflicts that has reduced the standards...

2 Minutes

VIEWPOINT

Economic Hardship, Insecurity Foreseen to Intensify in Six States — World Bank discloses list

Akanji Philip December 28, 2023 0 Comment

Persistent insecurity, armed conflict, and deteriorating livelihoods will continue to affect local government areas in Borno, Kaduna, Katsina, Sokoto, Yobe, Zamfara states, and the far north of Adamawa State in Nigeria until May 2024,...

1 Minute

National

FG Tasked To End Subsidy, Asked To Jerk Up Petrol Price to N750/L

VAM News December 13, 2023 0 Comment

THE World Bank has said the Federal Government may still be paying fuel subsidies, considering that the country’s fuel prices are currently not cost-reflective. It said the petrol price should be around N750 per...