Tag: World Bank

Nigeria World Bank debt rises $2.08bn as naira pressure and fiscal strain deepen economic risks

News Damilola Bayonle -
Nigeria World Bank debt jumps $2.08bn as fiscal strain deepens, naira pressure and capital confidence weaken Nigeria’s fiscal pressure is...

Food prices surge again as war disrupts supply chains — Nigerians face fresh cost pressure

Business Damilola Bayonle -
Food Prices Surge Again as Middle East War Disrupts Supply Chains — Nigerians Face Fresh Inflation Shock Despite Stability...

Fuel import price war: World Bank defends imports as Dangote petrol falls behind imports by 12%

Business Damilola Bayonle -
Nigeria’s fuel pricing crisis has escalated sharply after new market comparisons showed imported petrol is about 12% cheaper than...

World Bank approves $500m boost for Nigeria agriculture to transform farming and create jobs

Business Damilola Bayonle -
World Bank $500m Nigeria agriculture funding to boost food security, jobs Nigeria’s agricultural sector has received a major boost following...

FG targets 5.2m electricity connections as Nigeria expands renewable energy access under $750m deal

Business Damilola Bayonle -
Nigeria Targets 5.2m Electricity Connections Under World Bank-Backed Programme Nigeria’s push to expand electricity access has received a significant boost...

FDI falls below 4% as Nigeria records $23.22bn capital inflows in 2025

Business Damilola Bayonle -
Nigeria recorded a sharp increase in foreign capital inflows in 2025, but fresh data show that long-term investment in...

Nigeria’s $1tn dream at risk without urgent investment in young children – World Bank

Business Damilola Bayonle -
$1tn economy hinges on early childhood investment Nigeria’s ambition to build a trillion-dollar economy by 2050 is inseparable from the...

CBN unveils major cross-border payment reforms to boost Nigerian MSMEs and cut remittance costs

Business Damilola Bayonle -
CBN pushes cross-border payment reforms for MSMEs growth Nigeria’s monetary authorities are accelerating efforts to modernise international transaction flows as...

Nigeria’s W’Bank IDA debt hits $18.7bn after $1.9bn surge in one year, sparks sustainability debate

Business Damilola Bayonle -
Nigeria’s exposure to the concessional lending window of the World Bank has climbed sharply, with fresh data showing that...

1.2 billion youth enter workforce as World Bank pushes jobs as key to poverty reduction

Business Damilola Bayonle -
World Bank links job creation to poverty reduction as global growth slows The World Bank has reiterated that expanding employment...

FG moves to support 15 million vulnerable households with cash support amid economic strain

Business Damilola Bayonle -
FG targets 15 million households for cash support under conditional assistance scheme The Federal Government has announced that about 15...

World Bank warns of rising risks in digital jobs as weak regulation leaves millions exposed

Business Damilola Bayonle -
World Bank Digital Job Risks Raise Concerns Over Worker Protection Gaps The World Bank has raised fresh concerns over the...