Tag: World Bank
N800bn from FAAC diverted by Tinubu administration for 2027 elections – ADC chieftain alleges
The African Democratic Congress has raised serious allegations against the administration of President Bola Tinubu, claiming that a staggering N800 bi [...]
FG plans $1.25bn loan with World Bank
The Federal Government is currently in talks with the World Bank for a new $1.25 billion loan.
In a document titled ‘Nigeria Actions for Investment [...]
Tinubu will soon approach Opay, Moniepoint with his reckless borrowing — Melaye
Former lawmaker representing Kogi West Senatorial District, Senator Dino Melaye, has accused President Bola Ahmed Tinubu’s administration of reckless [...]
Aruma Oteh celebrates 60th birthday in a grand style
Last weekend, Aruma Oteh, economist, treasurer and a former Vice President of the World Bank recently clocked 60 years.
Not one who often rolls out [...]
World Bank debars Norman Bwuruk Didam, his 2 Nigerian companies,Viva Atlantic Limited and Technology House Limited for fraud, corrupt activities
The World Bank has enforced a 30-months debarment on two Nigerian companies: Viva Atlantic Limited and Technology House Limited, as well as their Man [...]
Tinubu’s loans bone-crushing to Nigerians, country sinking further into debts – Atiku
Atiku Abubakar, the 2023 presidential candidate of the Peoples Democratic Party, PDP, has characterised the loans taken by President Bola Tinubu as bu [...]
Naira among worst performing currencies in Africa – World Bank
The World Bank says the naira is among the worst-performing currencies in sub-Saharan Africa in 2024.
In its regional economic outlook report ‘ [...]
Tinubu’s govt borrows $6.45bn from World Bank in 16 months
The Federal Government has secured loans worth $6.45bn from the World Bank in just 16 months.
The amount increased to the new figure following the [...]
Okonjo-Iweala announces intention to seek another 4-year term as WTO DG
Ngozi Okonjo-Iweala, director-general (DG) of the World Trade Organisation (WTO), has officially announced her intention to seek another four- [...]
With $16.5bn debt, Nigeria now third largest debtor to World Bank
Nigeria is now the third-largest debtor to the World Bank’s International Development Association (IDA) as of June 30.
According to the World Bank, [...]