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According to Shubham Chaudhuri, the World Bank’s Country Director for Nigeria, the country must borrow money to cover its budget deficit through 2023. In response to detractors of the bank’s…
The Peoples Democratic Party Presidential Campaign Council has stated that the report justifies the need to elect its candidate, Atiku Abubakar, president of the country to address the many challenges…
On Tuesday, a letter addressed to the chambers of the National Assembly and read on the floor at the resumption of plenary by the presiding officers has requested the National…
The Ministry of Labour and Employment and National Bureau of Statistics have tackled each other on social media over alleged confusing employment statistics. Our correspondent learnt that the Minister of…
The World Bank has stated that businesses in Nigeria suffer an annual loss of $29 billion as a result of an “unreliable” power supply, saying the situation has resulted in…
President Muhammadu Buhari administration is seeking the National Assembly approval for the sale of national assets largely to finance the N13.58 trillion 2021 budget, The Premier News reported. At least…
The World Bank has approved $500m to help boost access to electricity in Nigeria and improve the performance of the electricity distribution companies in the country. In a statement issued…
The World Bank has committed $12 billion to African countries to support vaccination programs, the South African Presidency said in a statement on its website on Saturday. According to Bloomberg, the World…
By Lukman Amusa The World Bank has approved Nigeria’s request for a $1.5 billion loan. In a statement on Tuesday, the Bretton Wood institution said the facility is a five-year…
The World Bank projects that the number of poor people in Nigeria will increase by 20 million by 2022. According to the bank’s Nigeria Development Update (NDU), an average Nigerian…
