World Bank funding
CBN’s $10.50m Funding: World Bank Reveals Grant, Not Loan
In a significant development, the World Bank has confirmed that the $10.50m funding for the Central Bank of Nigeria (CBN) is a grant, not a loan. This clarification follows Nigeria’s request to the World Bank for financial support. The aim is to enhance the CBN’s technical capacity and modernize its operations. The World Bank’s funding […]
World Bank Set to Approve Nigeria’s $1.1 Billion Loan
The World Bank is likely to approve three loans totaling $1.13 billion for Nigeria by the end of March 2025, as part of its efforts to support the country’s economic resilience, health security, and education reforms. The World Bank loan development comes at a time when Nigeria is facing significant economic challenges, including foreign exchange […]