30 results
- 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…
- 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.…
- 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…
- 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…
- 26 Feb 2018
World Bank, GSMA Partner to Leverage IOT Big Data for Development
Jim Yong Kim, President, World Bank Group announced yesterday that the institution would partner with the GSMA and mobile network operators around the globe to harness big data from the Internet of…
- 7 Dec 2017
Al Baraka Banking Group Overhauls Islamic Core Banking Systems with iMAL
Path Solutions signed a strategic partnership agreement to revamp the bank’s core technology platforms in four locations with a shared ambition for rapid growth Al Baraka Banking Group (ABG), a…
- 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…
- 3 May 2016
Nigeria not Good for Business – World Bank
The World Bank Group’s Doing Business Report 2016, has delivered a damning report which would further scare away investors from Nigeria. It said that Nigeria is no longer a good business environment.…
- 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…
- 19 Apr 2017
World Bank, GSMA Collaborate on Universal Financial Access Initiative
The World Bank Group has welcomed the GSMA, the global body representing nearly 800 mobile operators and 300 companies in the broader mobile ecosystem, to its coalition of partners committed to…
- 31 Jan 2015
World Bank Launches “Scaling Solar” to Create Market for Solar Power in Africa
The World Bank Group has announced the launch of Scaling Solar at the Powering Africa: Summit in Washington DC, a gathering of African ministries, utility companies and the international power…
- 12 Aug 2026
World Bank Investing $25 million in Equity in Jumia Technologies
The World Bank Group is supporting the expansion of Africa's digital commerce infrastructure to help small businesses reach new markets, create jobs, and strengthen economic opportunities across the…
- 7 Aug 2014
World Bank Plans $5bn Power Fund for Nigeria, Others
The World Bank Group on Wednesday announced the commitment of $5bn (N800bn) in new technical and financial support for energy projects in six African countries. The countries, which have partnered…
- 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…
- 19 Mar 2026
World Bank Debars 3 PwC Subsidiaries for 21 Months over Alleged Project Fraud
World Bank Group has debarred three African subsidiaries of global advisory firm, PricewaterhouseCoopers (PwC), for 21 months after being allegedly found guilty of manipulating procurement processes…
- 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…
- 9 Aug 2019
World Bank Net Commitment to Nigeria Hits $11bn
Mr Rachid Benmessaoud, Country Director, World Bank Group, says the bank’s net commitment to Nigeria over the years is about 11 billion dollars. He said this yesterday in Abuja at the maiden edition…
- 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…
- 24 Feb 2022
World Bank Sanctions Nigerian Firm, MD over ‘Corrupt Practices’
The World Bank has sanctioned AIM Consultants Limited, a Nigerian consultancy firm, and Amin Moussalli, its managing director, for alleged corrupt practices. The development 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…
- 4 Feb 2026
FG Partners World Bank, AfDB on Climate Action
The Federal Ministry of Livestock Development has announced its commitment to collaborate with the World Bank Group and the African Development Bank (AfDB) to address climate change challenges…
- 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…
- 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…
- 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…
- 7 Aug 2026
World Bank Debars United Aviation Services, Owner over Fraudulent Activities
The World Bank Group has announced the 31-month debarments of United Aviation Services Limited (UNASEL), a transportation services company based in Nigeria, and Air Vice Marshal Alkali Mamu, its…
- 28 Jul 2026
Malpass, Ex World Bank Chief Raises Alarm over Nigeria’s Secretive Debt Structures
David Malpass, former World Bank President, has warned that Nigeria’s increasing reliance on collateral-backed and complex borrowing arrangements could make any future debt restructuring more…
- 1 Jul 2026
World Bank Approves Fresh $1.25Bn Loan for Nigeria
The World Bank has approved a $1.25 billion Development Policy Financing loan for Nigeria despite widespread public criticism over the country’s rising debt profile, as it unveiled a new six-year…
- 9 Apr 2020
World Bank Sees Sub-Sahara Africa’s 1st Recession in 25 Years
World Bank Group says Coronavirus (COVID-19), is taking Sub-Saharan Africa towards its first recession in 25 Years. The bank stated this in a statement released on Thursday. It explained that growth…
- 8 Nov 2012
MasterCard @ World Bank Summit, Showcases Cashless Nigeria
MasterCard, global payments and Technology Company has presented the Central Bank of Nigeria’s (CBN) Cashless Policy as a best practice case study at the Africa investor-World Bank Group Africa CEO…
- 27 Dec 2021
Inflation: World Bank Warns Nigeria against Hiking Electricity Tariffs
The World bank has warned Nigeria and other emerging economies against raising electricity tariffs, arguing that s such steps will push inflation in 2022. In its latest Commodity Markets Outlook…