In a recent report released by the World Bank, concerns have been raised about the sluggish economic growth in Nigeria and its inability to address the pressing issue of extreme poverty in the country. The bank has…
According to a recent report by the World Bank, Nigerians living abroad have remitted a staggering $168.33 billion to the country in the past eight years. The remittances were made despite the instability of foreign…
World Bank President David Malpass on Wednesday said he would quit his role before his term ends. Malpass declared this, months after faulting the White House for failing to say whether he accepted the scientific…
The World Bank and the International Monetary Fund (IMF) have joined the growing number of organizations and individuals calling for an extension of the deadline for the transition from old to new naira notes. The…
The World Bank has sanctioned SoftTech IT Solutions and Services Ltd., a Nigerian information technology solutions company, and its Managing Director, Mr Isah Kantigi, for alleged corrupt practices. The firm, which was…
Nigeria’s total debt stock rose from N32.9tn as of December 2020 to N39.6tn in November 2021. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, in her presentation of the 2022 approved budget,…