28 results
- 16 May 2024
World Bank Blacklists 58 Nigerian Firms, Individuals over Corruption
World Bank has blacklisted 58 Nigerian companies and individuals for engaging in corrupt practices, a move which comes as part of the institution’s ongoing efforts to uphold integrity and…
- News19 Aug 2026
FG Gets New $1.25Bn World Bank Loan Boost Job Creation
Federal Executive Council (FEC) has approved a $1.25 billion financing facility from the International Development Association (IDA) and the International Bank for Reconstruction and Development (IBRD) to support Nigeria’s actions for investment and job acceleration development policy financing.
- 9 Nov 2025
FG Seeks Fresh $500m World Bank Loan for MSMEs
Federal government is seeking a fresh $500m loan from the World Bank to expand access to finance for micro, small, and medium enterprises (MSMEs) across the country. The proposed facility, titled…
- 21 Jan 2015
World Bank Group to Help Develop Innovative Index-Insurance Solutions Globally
The Global Index Insurance Facility (GIIF), an innovative program managed by the World Bank Group, has launched indexinsuranceforum.org, an online knowledge platform for index-insurance practitioners…
- 22 Apr 2013
UN, AfDB, Others Agree to Share Data for Development
Ban Ki-Moon, UN secretary-general along with leaders of six multilateral financial institutions, have announced that they would strengthen inter-agency sharing and collaboration on issues related to…
- 29 Mar 2018
AfDB Champions Africa’s Premier Investment Marketplace for Economic Transformation
To help Africa find the path to its long-deserved economic fortune, the African Development Bank is championing the region’s premier investment market. The Bank is providing collaborative leadership…
- 19 Jun 2018
AfDB Joins Global Infrastructure Facility as Technical Partner
Africa’s infrastructure financing needs are huge. Innovative partnerships are needed to bridge the financing gap and accelerate infrastructure development in Transport, ICT, Water and Energy, that…
- 30 Aug 2013
KIB Goes Live on Path Solutions’ iMAL
Path Solutions, the world's number one Islamic banking software provider, said that Kurdistan International Bank for Investment & Development (KIB), the leading bank in the Kurdistan region and…
- 20 Aug 2020
AFDB Debars 4 Nigerian Companies over Fraud
African Development Bank (AFDB) group yesterday announced it has debarred four Nigerian firms over fraudulent and collusive practices. The bank made its decision to debar them for 24 months in a…
- 21 Mar 2022
IFC, African and European Partners Launch Alliance to Support SMEs in Africa
To support a stronger private sector, entrepreneurship and the growth of small and medium-sized businesses across Africa, African, European, multilateral and bilateral partners today launched the…
- 3 Jan 2025
World Bank Okays $1.5Bn Loan to Nigeria in Support of Tax Bills
World Bank has just released $1.5 billion loan to Nigeria, less than six months after approval. This is in support for the Reforms for Economic Stabilisation to Enable Transformation (RESET)…
- 1 May 2026
FG Owes World Bank $2.08Bn in 2025 – Report
Nigeria’s debt to World Bank's International Development Association (IDA) rose by $2.08 billion in one year to $19.89 billion as of December 31, 2025, according to an analysis of external debt stock…
- 6 Feb 2025
FG Seeks Fresh $580m Loan from World Bank
Federal government of Nigeria is seeking two fresh loans totaling $580m from the World Bank in March 2025. The loans are for: Accelerating Nutrition Results in Nigeria 2.0; and HOPE for Quality Basic…
- 24 Jul 2019
SMEs as a Key Driver to Economic Growth in an Emerging Market
Adewale A. Adeyipo In spite of the harsh economic conditions Nigeria is faced with, recent trends have shown there are opportunities for growth of the SME Industry in Nigeria. As reported by Nigeria…
- 18 Dec 2025
World Bank to Approve $500m Loan for Nigeria Today
The World Bank is set to approve a $500m loan to Nigeria on Friday (today) as part of efforts to expand access to finance for micro, small and medium enterprises across the country, according to…
- 6 May 2013
World Bank Unveils Strategy in New Nigerian Portfolio
The World Bank’s new Country Partnership Strategy would focus on three pillars - sustainability and inclusive growth, human development and governance, to achieve results. Marie-Francoise…
- 22 Feb 2016
Insurance Bodies urges Closer Cooperation to Boost Investments in Africa
Over 30 participants from 18 institutions that provide guarantees and insurance in Africa gathered in Abidjan, Côte d’Ivoire, for the Abidjan Union, the first pan-African meeting of export credit and…
- 8 Jun 2013
DPSS, OMNL Develop World Class Procurement Curriculum
DPSS Consultants, UK and OMNL (Office Machines Nigeria Ltd) have kicked off curriculum development and qualifications structure for institutions in Nigeria under the World Bank economic reform and…
- 5 Sept 2025
FG Seeks Fresh $1.75Bn World Bank Loan
The World Bank is reportedly set to approve loans totalling $1.75bn before the end of the year to the Federal Government for key development projects in Nigeria. This was coming despite an earlier…
- 3 Nov 2025
World Bank Fixes December to Approve Nigeria’s $1Bn DPF Loan
The World Bank has fixed December 16 as the tentative date for the approval of Nigeria’s $1 billion Development Policy Financing (DPF) under the Nigeria Actions for Investment and Jobs Acceleration…
- 13 Apr 2026
AfDB Grants Project BRIDGE $200m Facility for Nationwide Internet Access
African Development Bank (AfDB) has granted a $200 million loan to support Nigeria’s flagship digital infrastructure initiative, Project BRIDGE, which is designed to expand broadband access across…
- 4 Jun 2015
BoI Launches SME Mobile App, 4 Other Applications
Bank of Industry Limited (BoI), as part of efforts in repositioning the operational systems, process and services by taking advantages of the digital and mobile era to offer its numerous customers…
- 13 Oct 2025
EU Grants Nigeria N320.5Bn to Boost Agriculture
European Union’s development cooperation with Nigeria has received a boost with a N320.5 billion (€190 million) credit line allocated to Nigerian commercial banks to broaden their lending to the…
- 17 Nov 2008
Oceanic Registrars Sign New Clients
Oceanic Registrars, a subsidiary of Oceanic Bank International Plc has signed in new big time accounts Registrars and agents of company secretaries to maintain registers of shareholders. The new…
- 22 Jun 2025
TCN Expands Grid Capacity with 5,910 MVA Boost from Multilateral Projects
Transmission Company of Nigeria (TCN) has announced a major boost to the national electricity grid with the addition of 5,910 megavolt-amperes (MVA) of transformer capacity. The development was…
- 26 May 2015
AfDB Worries over Nigeria’s $67.7Bn Debt
African Development Bank (AfDB), has released its African Economic Outlook 2015, and cautioned against Nigeria’s rising public debt profile which it put at $67.7 billion as at December 2014.…
- 5 Apr 2017
Kaspersky Exposes How Hackers ‘Lazarus Group’ Terrorise Banks
The results of its more-than-year-long investigation into the activity of ‘Lazarus’, a notorious hacking group allegedly responsible for the theft of 81 million dollars from the Central Bank of…
- 3 Dec 2019
Nigeria Can Rake in N2Trillion from Digital Economy
Nigeria’s digital economy is a goldmine that can contribute over N2 trillion to the economy in the next four years if tapped into, according to Ms Funke Opeke, chief executive officer (CEO), MainOne…