The World Bank has explained how the Nigerian National Petroleum Company Limited remitted only 50 percent of revenue gains from the removal of the Premium Motor Spirit subsidy to the country’s Federation Account. The Bretton Woods institution disclosed this in its latest… How NNPCL failed to remit N500bn to FAAC in 2024 — World Bank … Read more
The World Bank has described the Nigeria’s 2025 Budget key assumptions of 2.1 million barrels per day oil production and $73 per barrel price as ambitious given the current production level of 1.6mbpd and $60pb price at the international market. The Nigerian government,… World Bank, Nigerian Govt disagree on 2025 budget assumptions …C0NTINUE READING HERE … Read more
The World Bank says Nigeria’s economy is in good shape as it grew by 3.4 percent in 2024 amid high prices. Taimur Samad, the World Bank’s Acting Country Director for Nigeria, disclosed this in his unveiling of the Nigeria Development Update (NDU) in Abuja on… Hardship: Nigerian economy in good shape, grows by 3.4% – … Read more
The World Bank says Nigeria’s economy is showing strong signs of improvement, thanks to the country’s commitment to far-reaching economic reforms. Taimur Samad, the Bank’s Acting Country Director for Nigeria, made the remark on Monday in Abuja while presenting the latest Nigeria… World Bank delivers verdict on Nigeria’s economy …C0NTINUE READING HERE >>>>
President Bola Tinubu has reacted to Africa’s richest man, Alhaji Aliko Dangote’s appointment to the World Bank’s Private Sector Investment Lab. The World Bank’s Private Sector Investment Lab is a body tasked with promoting investment and job creation in emerging… Tinubu reacts to Dangote’s new appointment by World Bank …C0NTINUE READING HERE >>>>
Ondo South Senator, Jimoh Ibrahim, has faulted Africa’s economic outlook from World Bank and International Monetary Fund (IMF). Henzodaily reported that the World Bank projected that more Nigerians would fall below the poverty line in 2027. The Chairman, Senate… IMF Data Is Weak, Unreliable …C0NTINUE READING HERE >>>>
The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, says Nigeria is working with the World Bank to develop a job-creation agenda. Edun made this known during an interview with journalists after the World Bank Development Committee plenary held on Friday in… Nigeria, World Bank set job creation agenda …C0NTINUE READING … Read more
The World Bank has forecasted a bleak outlook for Nigeria, indicating that a greater number of Nigerians will fall into poverty under the incumbent administration led by President Bola Tinubu. In its April 2025 Africa’s Pulse report, the World Bank anticipated a 3.6… Poverty In Nigeria To Increase By 3.6 Per Cent …C0NTINUE READING HERE … Read more
The President and Chief Executive of the Dangote Group, Aliko Dangote, has been appointed to the World Bank’s Private Sector Investment Lab, an exclusive initiative aimed at driving investment and job creation in emerging economies. Henzodaily reports that Dangote’s… Aliko Dangote Reacts To World Bank Appointment …C0NTINUE READING HERE >>>>
The World Bank has appointed the President and Chief Executive of the Dangote Group, Aliko Dangote, to its Private Sector Investment Lab, aimed at driving job creation in emerging economies. In a statement released to DAILY POST on Thursday, Dangote, in his acceptance,… World Bank appoints Dangote to elite group …C0NTINUE READING HERE >>>>