VOICE AIR MEDIA News Update THE World Bank has approved a fresh $500 million loan for Nigeria to help improve the livelihood of women in Nigeria. Disclosing this in a statement, the World Bank...
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2 Minutes
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World Bank offers Nigeria forex rate advice, as President-elect eyes N200/per Dollar
VOICE AIR MEDIA News Update THE World Bank has recommended a single foreign exchange (Forex) market, urging Nigeria to do away with its multiple forex markets. In its latest ‘Macro Poverty Outlook for Nigeria:...
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1 Minute
Naira redesign will affect the poor and SMEs – World Bank reveals
VOICE AIR MEDIA The World Bank has raised an alarm about the negative effect the Naira redesign will have on Nigeria’s economic activity. In a new report titled “Nigeria Development Update”, the international financial...
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2 Minutes
Ministry of Finance seeks N3.9bn World Bank loan to purchase paper, staplers, others
The Ministry of Finance, Budget and National Planning has asked for N3,942 billion, about $8.92 million, from the World Bank to get 21 items, which includes stationery, office furniture, office supplies, equipment and vehicles....
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2 Minutes
World Bank ready to help Nigeria phase out subsidies
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...
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1 Minute
Nigerian firm, MD suspended for bribery –World Bank presides
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...
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3 Minutes
2022: Poor Nigerians to hit 95.1m – World Bank
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...
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2 Minutes
Just In: World Bank Condemns FG As High Inflation Worsens Poverty
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...
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2 Minutes
Nigeria’s Economy To Grow By 2.5% In 2022 – World Bank
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...
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2 Minutes
Nigeria Owes China $3 Billion As Of 2020 – World Bank
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...
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