World Bank presses FG to slash import tariffs
In a direct call to Nigeria’s government, the World Bank is urging the federal authorities to “reduce high import tariffs ...
Tag: World Bank
World Bank Launches FundsChain in Nigeria, A Blockchain-Powered Leap for Transparency and Better Project Finance
The World Bank and Nigeria are ushering in a new era of accountability with the rollout of FundsChain, a blockchain-based ...
Despite IGR Gains, 32 States Rely on FAAC for Over 60% of Their Revenue
Despite recurring calls for fiscal federalism and economic diversification, most Nigerian states remain tethered to monthly allocations from the Federation ...
Nigeria’s Costly Gamble: High-Interest Debt Fuels Growth Fears and Fiscal Strain
As Nigeria’s sovereign debt balloons to a staggering ₦152 trillion (approximately $190 billion), the nation finds itself walking a fiscal ...
Nigeria Seals $500m World Bank Loan for Food Security Drive
The Federal Government has successfully secured a major $500 million loan facility from the World Bank, specifically designed to accelerate ...
Nigerian Economy Faces Risk After US Designation
The recent designation of Nigeria as a "Country of Particular Concern" (CPC) by the United States government, a designation tied ...
$500 Million Launch: World Bank & BOI Team Up to Tackle Nigeria’s $120 Billion MSME Credit Gap
The World Bank (WB) and Bank of Industry (BOI) have rolled out a fresh $500 million development-finance initiative aimed at ...
Nigeria Faces $1.12B Eurobond and N100 B Sukuk Maturities as 2025 Draws to a Close
Nigeria is gearing up to confront two major debt obligations before 2025 ends: a $1.12 billion Eurobond and a ₦100 ...
Nigeria’s Inflation: A Legacy of Military Rule
Nigeria’s economic challenges are not merely the result of recent policy missteps; they are deeply rooted in the country’s political ...
Nigeria and Angola Forge New Financial Bridge Through CBN–Bank of Angola MoU
On Thursday in Washington D.C., the Central Bank of Nigeria (CBN) and the Bank of Angola signed a Memorandum of ...
