26 results
- 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…
- 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…
- 25 May 2026
Nigeria is World Bank’s Third-Largest Borrower with $18.5Bn - IDA
Nigeria has retained its position as the third-largest borrower from the International Development Association (IDA), the concessional lending arm of the World Bank, despite a slight decline in its…
- 4 Jun 2013
The World Bank Doles $60m to Support Telecom in Togo, Mauritania
Board of executive directors of the World Bank has approved $30 million each in International Development Association (IDA) credits to support the governments of Mauritania and Togo’s efforts…
- 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…
- 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)…
- 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…
- 6 Dec 2022
IFC Approves Loan to Airtel Africa to Support Mobile Internet Connectivity Expansion Across Africa
To support universal and affordable broadband access in Africa, and the opportunities that come with increased connectivity, IFC yesterday announced a loan to Airtel Africa to help connect millions…
- 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…
- 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 Jun 2021
World Bank Provides $465M for Energy Expansion in West Africa
The World Bank Group is extending $465 million to support the Economic Community of West African States (ECOWAS) expand access to grid electricity to over 1 million people. The fund will help the…
- 25 Sept 2025
IFC Provides Local Currency Support to Access Bank to Expand SME Lending
To help address financing gaps, strengthen private sector growth, and promote inclusive economic development in Sierra Leone, IFC announced a partnership with Access Bank (Sierra Leone) Ltd (ABSL) to…
- 15 Jul 2019
IFC, Citibank Provide $1.2 Billion to Support Trade in Emerging Markets
IFC, a member of the World Bank Group, and Citi announced the signing of a $1.2 billion risk-sharing facility to help stimulate the growth of trade in emerging markets and to support economic…
- 23 Jul 2018
IFC, Citibank Provide $1.2B to Support Trade in Emerging Markets
IFC and Citi announced yesterday the signing of a $1.2 billion risk-sharing facility to help stimulate the growth of trade in emerging markets and to support economic development. This initiative…
- 25 Feb 2020
NIMC to Register al Nigerians in 5 Years
National Identity Management Commission (NIMC) has set a target of capturing the entire population on its database within the next three to five years, thanks to the World Bank credit of $430 million…
- 7 Jun 2026
BOI Wins Dual Honours @ EMEA Finance Awards for Sustainability and Social Impact Leadership
The Bank of Industry (BOI) has been recognised with two prestigious awards at the recently concluded EMEA Finance Achievement Awards, reinforcing its position as a leading development finance…
- 19 Feb 2020
FG’s National Identity Project, Others Get World Bank Nod
The World Bank has approved Nigeria’s digital identity ecosystem project along with five others, aimed at assisting the country to empower citizens, especially marginalised groups, to access…
- 29 Apr 2026
IFC, Standard Chartered Partner on Supply Chain Finance to Support African Businesses
The World Bank Group, through its private sector arm – the International Finance Corporation (IFC) – and Standard Chartered today announced a new risk sharing facility aimed at strengthening supply…
- 30 Sept 2024
World Bank Approves Fresh $1.57bn Support Fund for Nigeria
World Bank has approved three operations for a total of $1.57bn to support Nigeria in strengthening human capital through better health for women, children, and adolescents and preventing the effects…
- 23 Jul 2013
FG Sets Up Mortgage Refinance Firm
The federal government has established a mortgage company which will make it possible for many Nigerians to own their own houses at affordable rates, according to Dr Ngozi Okonjo-Iweala, coordinating…
- 1 Jul 2020
IFC, Citi Create $800 Million Facility to Boost Trade Finance in Emerging Markets
IFC, a member of the World Bank Group, and Citi have established an $800 million facility to facilitate trade finance in emerging markets, supporting trade flows in developing countries and helping…
- 2 Mar 2020
IFC, Union Bank to Support Nigerian SMEs & Women-led Businesses
IFC, a member of the World Bank Group, today announced a $25 million local-currency investment in a risk-sharing facility to expand Union Bank’s lending to small and medium enterprises (SMEs) in…
- 13 Apr 2022
IFC, Lagos State Partner to Expand Access to Sustainable Urban Transport
To increase access to public transportation and reduce vehicle emissions in Lagos, Nigeria, IFC has partnered with the Lagos State Government to support the development of two bus corridors in the…
- 9 May 2013
Nigeria Owes The World Bank, AfDB $5.3Bn
Nigeria is owing the World Bank Group and African Development Bank (AfDB) has reached $5.34billion, accounting for 80.19 per cent of the country’s total $6.67 billion external debt. The country’s…
- 25 Jan 2018
IFC Uses Innovative Tool to Help Unlock $500M Investment in West Africa
Using an innovative finance tool to spur more development in low-income countries, IFC, a member of the World Bank Group, announced yesterday the completion of a $9 million investment that aims to…