The Bureau of Public Enterprises, BPE, announced on Thursday, May 30, that the Federal Government has secured a $500 million World Bank loan to bolster Nigeria’s electricity distribution sector. The
The Federal Government is poised to receive fresh loan funding from the World Bank, with approval expected for loans totalling $2.25bn on June 13, 2024. The funding will be received
The Nigerian Government is set to receive around $2.2 billion single-digit interest loan from the World Bank. The Minister of Finance, Wale Edun, disclosed this on Saturday during a press
President Bola Ahmed Tinubu has appealed to the Senate to approve a borrowing request of $800 million from the World Bank. Recall that former President Muhammadu Buhari had, towards the
Nigeria Can Seize the Opportunity to Realize Its Growth Potential, The new administration has initiated critical reforms to address macroeconomic imbalances. This window of opportunity could have a transformative impact
The World Bank has clarified that the 800 million dollar loan from the bank was approved as of December 2021, a time when the government of Muhammadu Buhari contemplated the
President Muhammadu Buhari, has on Wednesday wrote to the Senate, asking the honorable house to approve a new loan request of $800million. In a letter read by the President of
The World Bank has raised an alarm about the negative effect the Naira redesign will have on Nigeria’s economic activity. In a new report titled “Nigeria Development Update”, the international financial
