world Bank

2 Minutes

World News

World Bank ready to help Nigeria phase out subsidies

VAM News September 2, 2022 0 Comment

The World Bank Group President, David Malpass, has said that the bank is ready to support Nigeria in phasing out regressive fuel subsidies while increasing social assistance for the poor and vulnerable. He also...

1 Minute

Technology

Nigerian firm, MD suspended for bribery –World Bank presides

Akanji Philip March 31, 2022 0 Comment

The WORLD BANK has sanctioned SoftTech IT Solutions and Services Ltd., a Nigerian information technology solutions company, and its Managing Director, Mr Isah Kantigi, for alleged corrupt practices. The firm, which...

3 Minutes

National

2022: Poor Nigerians to hit 95.1m – World Bank

Akanji Philip March 30, 2022 0 Comment

THE World Bank has said that poverty reduction stagnated since 2015, with more Nigerians falling below the poverty line over the years. The President, Major General Muhammadu Buhari (retd.), was first...

2 Minutes

World News

Just In: World Bank Condemns FG As High Inflation Worsens Poverty

Akanji Philip February 5, 2022 0 Comment

The World Bank has stated that the Federal Government of Nigeria did not take any concerted action towards curbing inflation in 2021 despite inflation shock pushing an estimated eight million Nigerians below the poverty...

2 Minutes

Business

Nigeria’s Economy To Grow By 2.5% In 2022 – World Bank

VAM News January 12, 2022 0 Comment

Nigeria’s economy is expected to grow by 2.5 per cent in 2022 and by another 0.3 per cent next year, the World Bank has projected. The World Bank gave the forecast in its latest...

2 Minutes

World News

Nigeria Owes China $3 Billion As Of 2020 – World Bank

VAM News November 3, 2021 0 Comment

The World Bank has disclosed that Nigeria has so far borrowed $3.121 billion (1,126.68 trillion at USD/361) from China as at March 2020, an amount which represents only 3.94 per cent of Nigeria’s total...

Technology -3 Minutes

World Bank disagrees with CBN on multiple exchange rates, others

Olorungbotemi October 28, 2021 0 Comment

The World Bank has said it disagrees with the Central Bank of Nigeria on how it is going about to achieve its price stabilisation objective. The Country Director for Nigeria, World Bank,...

6 Minutes

World News

Full List: 18 Nigerian Companies, Persons Blacklisted For Corruption – World Bank

VAM News October 25, 2021 0 Comment

Per a recent study, the World Bank has blacklisted 18 Nigerian persons and organizations for participating in corrupt acts, fraud, and collusive practices in the fiscal year 2021. In a new annual report titled...

3 Minutes

Economy National World News

High Inflation Rate Pushed 7 Million Nigerians Into Poverty In 2020 – World Bank

VAM News June 16, 2021 0 Comment

The World Bank has disclosed that an estimated 7 million Nigerians may have been pushed into poverty in 2020 due to rising prices alone without considering the direct impacts of COVID-19. The...

4 Minutes

National

World Bank Approves $700m Loan For Nigeria

VAM News May 28, 2021 0 Comment

The World Bank has approved a $700 million dollar loan for the Nigeria Sustainable Urban and Rural Water Supply, Sanitation and Hygiene Programme (SURWASH). It made the announcement in a statement on...