30 results
- 22 Apr 2018
Most Nigerian Adults Have No Bank Account – World Bank
World Bank has said that 118 million Nigerians do not have bank accounts. The information was made available in the latest Global Findex Database report released on Thursday at the ongoing…
- 15 Jun 2021
The World Bank Blames CBN for Nigeria’s Forex Crisis
The World Bank has blamed the Central Bank of Nigeria’s (CBN) management of the foreign exchange regime as the reason for the FX crisis currently being experienced in the country. The World Bank made…
- 31 Dec 2019
The World Bank Asks CBN to Stop Supporting Weak Banks
The World Bank has cautioned the Central Bank of Nigeria (CBN) to stop supporting undercapitalised banks in the country. According to a new report by the international financial institution, the…
- 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…
- 27 Mar 2013
BRICS Development Bank to Rival IMF, the World Bank
Geoffrey Wood, Professor of International Business said that the new BRICS Development Bank can rival the International Monetary Fund (IMF) and the World Bank if it can reconcile its competing…
- 12 May 2025
CBN’s Tight Policies Expected to Bring Inflation Down to 22.1% – World Bank
World Bank has projected that Nigeria’s inflation rate will average 22.1 per cent in 2025, attributing the anticipated decline to the Central Bank of Nigeria’s tight monetary stance aimed at…
- 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…
- 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…
- 16 Apr 2015
World Bank Says 700m Adults Opened Bank Account in 3 Years
The 2014 (World Bank’s) Global Findex Database measuring Financial Inclusion around the world reveals significant progress in expanding financial access, with 700 million adults worldwide became…
- 20 Jan 2024
Internet Access Lifts 7 Percent Nigerians from Extreme Poverty – World Bank
The World Bank has said that improved access to internet coverage in three years led to a seven per cent extreme poverty reduction in Nigeria and Tanzania. The bank made this known in a recent report…
- 20 May 2016
Govs Run to World Bank for $3.3Bn Loan
Governors of the 36 states in search of further succour for the ailing financial situation in the states are ready to access about $3.3billion from the World Bank. The world bank portfolio for the…
- 17 Nov 2008
World Bank Assists Developing Countries with $100b
The World Bank has advocated for a rapid response to the spreading global financial crisis, promising that it would substantially increase financial support for developing countries to $100 billion…
- 23 Jul 2021
Nigeria Battling Worst Unemployment Crisis – World Bank
A report by the World Bank suggests that Nigeria’s unemployment crisis in recent times is the worst in the nation’s history. The report, which raised an alarm over the nation’s rising unemployment…
- 19 Jun 2022
Nigeria’s Public debt, Others Hit 50-Year High – World Bank
The World Bank Group has said that public debt in Nigeria and other low- and middle-income countries is now at a 50-year high, which is equivalent to more than 200 per cent of government revenues.…
- 22 Jul 2024
Zenith Bank Emerges as Nigeria's Tier-1 Capital Leader for the 15th Consecutive Year @2024 Top 1000 World Banks’ Ranking
Zenith Bank Plc for fifteenth consecutive year has retained its position as the Number One Bank in Nigeria by Tier-1 Capital in the 2024 Top 1000 World Banks’ Rankings, published by The Banker…
- 22 Oct 2024
Over 50 Percent of Nigerians Live in Poverty - The World Bank
The World Bank in its latest Nigeria Development Update (NDU), has said that more than half of Nigeria’s population lives in poverty. The report titled ‘Staying the course: Progress amid pressing…
- 20 May 2017
BigPortal: Wiltrend Services Receives World Bank Backing
World Bank in conjunction with the Nigerian Government has selected Wiltrend Professional Services Limited as MSME with potential for growth and ability to create massive employment in Nigeria.…
- 28 Mar 2022
Nigeria, Other African Countries Face Sluggish Growth – World Bank
The World Bank has stressed the need to boost labour output in Africa, stating that sluggish productivity growth is making the continent lag behind many developing nations. This was contained in a…
- 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…
- 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…
- 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…
- 21 Nov 2016
World Bank Appoints Okoro VP/General Counsel
World Bank has appointed that Sandie Okoro, her group senior vice-president and general counsel. Jim Yong Kim, World Bank Group President said that “Sandie Okoro is a highly regarded thought…
- 14 May 2021
Remittance Inflows to Nigeria Declines by 28% in 2020 ― World Bank
The World Bank says remittance inflows to Nigeria declined by 28 per cent in 2020 because of COVID-19 pandemic. The Bank also said remittance flows fell for Sub-Saharan Africa by 12.5 per cent,…
- 3 Jul 2026
World Bank Okays New $1.25Bn Loan for Nigeria
The World Bank has approved a fresh $1.25 billion loan for Nigeria under its Nigeria Actions for Investment and Jobs Acceleration (NAIJA) programme. The approval was announced this week as the World…
- 16 Feb 2025
FG Seeks Fresh $300m Loan from World Bank for Health Security
Federal government has engaged the World Bank for a fresh $300m loan to strengthen Nigeria’s health security infrastructure. Information obtained from the World Bank showed that the loan, which is…
- 9 Feb 2025
FG, World Bank Seek Capital Market Solutions for Infrastructure Funding
The World Bank has said that it is planning to introduce its joint capital markets programme (J-CAP) in Nigeria. The J-Cap, a World Bank initiative, helps developing economies strengthen their…
- 2 Nov 2009
World Bank to Assist Rivers on Development
The World Bank has offered to assist Rivers State in engendering development in all its sectors. This is as a result of the achievements recorded in the state in two years. Onno Ruhl, Country…
- 2 Apr 2024
Nigeria on Track with 70 Per cent NIN Target – World Bank
The World Bank has pegged the success rate of the National Identification Numbers (NIN), drive by the Nigeria Identity Management Commission (NIMC) at about 70 per cent indicating that the process is…
- 6 Jul 2010
Lagos, Four Others Get N23.7 Billion World Bank Intervention Fund
World Bank has granted an intervention fund of about $158 million (equivalent of N23.7 billion) to Lagos, Kano, Kaduna, Enugu and Cross Rivers states to support commercial agricultural development…
- 1 Feb 2016
FG Asks World Bank, AfDB for $3.5Bn Emergency Loan
The federal government has asked the World Bank and African Development Bank (AfDB) for $3.5 billion in emergency loans to fill a growing gap in its budget in the latest sign of the economic damage…