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‘Only 2,000 People Downloaded a CBN Document’: Cardoso Says Nigerians Don’t Read

ABUJA, Nigeria — Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has called on Nigerians—particularly policymakers and stakeholders—to pay closer attention to critical...

World Bank Questions NNPCL Over Withheld Petrol Subsidy Savings

ABUJA, Nigeria - The World Bank has raised serious concerns over the handling of petrol subsidy savings by the Nigerian National Petroleum Company Limited...

World Bank Warns More Nigerians to Slip into Poverty by 2027

WASHINGTON, USA - The World Bank has raised alarm over Nigeria's rising poverty rate, projecting that more Nigerians will fall into extreme poverty by...

Aliko Dangote Joins World Bank’s Elite Private Sector Investment Lab

WASHINGTON, USA – Aliko Dangote, president and CEO of Dangote Group, has been appointed to the World Bank’s prestigious Private Sector Investment Lab, a...

World Bank Set to Approve $632 Million in New Loans for Nigeria

ABUJA, Nigeria - The World Bank is expected to approve fresh loans totalling $632 million to Nigeria on Monday, March 31, 2025, marking the...

Ngozi Okonjo-Iweala Reappointed as World Trade Organization Head

GENEVA, Switzerland — Ngozi Okonjo-Iweala has been reappointed as the Director-General of the World Trade Organization, WTO, securing a second term that will begin...

ActionAid Nigeria Rebukes World Bank’s Endorsement of Tinubu’s ‘T-Pain’ Reforms

ABUJA, Nigeria — ActionAid Nigeria has strongly condemned recent comments made by World Bank Senior Vice President and Chief Economist Indermit Gill, calling his...

Over One Million Nigerians Facing Extreme Hunger over Food Security Crisis – World Bank

ABUJA, Nigeria — Nigeria is grappling with a deepening food security crisis, with over one million more people falling into severe food insecurity in...

Nigeria’s Central Bank Reveals Depleting Foreign Reserves is Due to Debt Servicing

Washington DC, USA - During the ongoing International Monetary Fund/World Bank Spring Meetings in Washington D.C., Central Bank of Nigeria Governor, Olayemi Cardoso, addressed...

World Bank: Nigeria Faces Rising Poverty Rates as Inflation Soars

ABUJA, Nigeria - According to the World Bank, Nigeria has experienced one of the highest inflation rates globally, which has pushed an estimated four...

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