ActionAid has said the time is up for the International Monetary Fund (IMF) and the World Bank to stop perpetuating a colonial rule on the world. The call was made at the weekend as the two global financial institutions conclude…
ETHIOPIA and the World Bank have inked loan agreements totalling $1.72bn aimed at bolstering crucial infrastructure projects amidst a backdrop of multifaceted challenges, the finance ministry announced on Friday. The agreements entail a substantial allocation of $523 million to amplify Ethiopia’s electricity…
IN a bid to bolster its small and medium enterprises (SMEs), Kenya has launched a groundbreaking project worth $51.7 million funded by the World Bank. Rebecca Miano, the cabinet secretary in the Ministry of Investments, Trade, and Industry, made the…
THE Supreme Court on Wednesday restrained the Federal Government from implementing the Friday deadline for the currency swap. A seven-man panel of the apex court led by Justice John Okoro, in a unanimous ruling, granted an interim injunction restraining the…
THE World Bank, on Tuesday, cuts its economic forecast due to a “perilous” close to falling into recession. According to BBC, it expects the world economy to grow by just 1.7 per cent this year – a sharp decrease from…
ACCORDING to the World Bank, since 2015, when Major General Muhammadu Buhari (retd.) was initially elected as President, the nation’s development has slowed down. Nigeria did well between 2001 and 2014, with an average growth of 7%, and was in…
A World Bank trained policy analyst and former Chief of Staff to Governor Godwin Obaseki of Edo State, Taiwo Akerele has said that most of the development challenges of the country lies with the state governments in Nigeria who he…
THE Home Finance Department of the Ministry of Finance, Budget and National Planning has requested about $8.93m from the World Bank to procure 21 items, which included office stationery, office furniture, office supplies, office equipment, and vehicles. The requests were…
THE shrinking value of the Nigerian naira and currencies of most developing economies are driving up food and fuel prices in ways that could deepen the food and energy crises that many of them already face, according to the World…
