Nigeria’s Finance Minister Wale Edun has sharply urged the IMF and World Bank to slash borrowing costs for developing countries, warning that rising debt burdens and scarce affordable financing are ...
Nigeria’s poverty rate has climbed to a staggering 63 percent in 2025, even as headline inflation has begun to moderate sharply. The disclosure comes in the latest Nigeria Development Update ...
Nigeria's economy is holding its ground in the first half of 2026, even as the ongoing conflict in the Middle East rattles global energy markets and sends fuel prices spiralling ...
The World Bank has approved a $500 million International Development Association (IDA) credit to fund the Nigeria Sustainable Agricultural Value-Chains for Growth (AGROW) Project. The six-year initiative, running from 2026 ...
The World Bank has mobilized to support economies battered by the Middle East conflict, warning the crisis is ravaging global commodity markets and erasing years of hard-won economic progress. In ...
The World Bank has raised the alarm over an impending employment crisis that could engulf developing nations, including Nigeria, potentially sparking widespread social instability and economic turmoil. The Washington-based institution ...
A planned World Bank grant to the Central Bank of Nigeria has been cut by more than 35 percent, dropping from $10.50 million to $6.80 million ahead of anticipated board ...
The World Bank has maintained its optimistic outlook on Nigeria’s economic prospects, retaining a growth forecast of 4.4 percent for 2027 despite persistent structural bottlenecks facing Africa’s largest economy. The ...
The World Bank has approved a substantial $500 million loan facility aimed at revitalizing Nigeria's micro, small, and medium enterprise sector, a move that could provide critical financial lifelines to ...
Nigeria has taken a major step toward overhauling the management of donor-funded projects with the approval and rollout of the World Bank’s blockchain-enabled FundsChain platform, a move officials say will ...
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