World Bank

COVID-19 triggers 42% job loss-World Bank

The World Bank has said nearly half of the global work force has been thrown out of jobs by the…

World Bank estimates cost of power shortages in Nigeria at $28bn, approves $750m power sector loan for Nigeria

The World Bank has said the economic cost of power shortages in Nigeria is estimated at around 28 billion dollars,…

Economy: Nigeria spent N387bn or $1.09bnm servicing debts in 9 months, says CBN

By Omobayo Azeez The federal government of Nigeria spent $1.09 billion, an equivalent of N387 billion, between January and September…

Lagarde assumes duty as European Central Bank president

A new era was beginning at the European Central Bank (ECB) on Friday as Christine Lagarde takes over from Mario…

World Bank appoints new Country Director for Nigeria

The World Bank has appointed Shubham Chaudhuri as the new country director for Nigeria, succeeding Rachid Benmessaoud who completed his…

Sokoto State keys into World Bank, AfDB, FDA $500m Nigeria facility with N1.1bn investment in 500km new rural roads

Jacob Ajakaiye, in Sokoto The administration of Governor Aminu Waziri Tambuwal in Sokoto has scaled up its rural areas transformation…

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