World Bank

The World Bank has projected that inflation may hit 25 percent in 2023 as a result of petrol subsidy removal. This projection was contained in the June 2023 edition of the Nigeria Development Update. However, the Washington-based bank…

Ukraine is set to receive $1.5 billion from the World Bank to support its reconstruction and recovery. Ukrainian Prime Minister Denys Shmyhal said the funds will be provided with guarantees from the Japanese government and channeled to…

Nigeria needs adequate digital and financial infrastructure to support a swift transition to a cashless economy, the World Bank has said. The World Bank stated that this was one of the reasons the Central Bank of Nigeria’s Naira redesign…

The World Bank-supported by Kaduna State Adolescent Girls Initiative for Learning and Empowerment (AGILE) project has trained not less than 30,000 academic and non-academic staff of secondary schools on what it tagged, ‘School-Related…

The Nigeria Customs Service and the World Bank, under the 'Accelerating Revenue Mobilisation Reforms Programme,' has introduced modalities for migration from the Fast Track Regime to Fast Track 2.0. This is in a bid to improve trade…

The World Bank-supported Adolescent Girls Initiative for Learning and Empowerment (AGILE) project in Kaduna State has trained 300 school officials to curb gender-based violence in secondary schools. READ ALSO:Kaduna State Nurses declare…

The Delta State Government says it has approved about 123 water project schemes within the past 10 months. This was disclosed by the Commissioner for Water Development, Chief Samuel Mariere while briefing journalists on the ministry’s…

Global commodity prices are expected to decline this year at the fastest rate since the onset of the COVID-19 pandemic, a new World Bank report has shown. It is expected to cloud the growth prospects of almost two-thirds of…

The World Bank has approved a $100 million loan for El Salvador to help the Central American country improve the reliability and quality of its water supplies as well as prepare for natural disasters. According to a statement by the…

The World Bank has advised the Nigerian Government to unify the nation’s multiple exchange rate windows and carry out a number of other reforms to strengthen the economy and restore macroeconomic stability. In its latest Macro Poverty…