World Bank estimates cost of power shortages in Nigeria at $28bn, approves $750m power sector loan for Nigeria
Shubham Chaudhuri, World Bank country director for Nigeria (CREDITS: Nigerian Insiders) The World Bank has said the economic cost of ...
Thursday, April 16, 2026
Tag: World Bank
Economy: Nigeria spent N387bn or $1.09bnm servicing debts in 9 months, says CBN
By Omobayo Azeez The federal government of Nigeria spent $1.09 billion, an equivalent of N387 billion, between January and September ...
Lagarde assumes duty as European Central Bank president
A new era was beginning at the European Central Bank (ECB) on Friday as Christine Lagarde takes over from Mario ...
World Bank appoints new Country Director for Nigeria
The World Bank has appointed Shubham Chaudhuri as the new country director for Nigeria, succeeding Rachid Benmessaoud who completed his ...
Sokoto State keys into World Bank, AfDB, FDA $500m Nigeria facility with N1.1bn investment in 500km new rural roads
Jacob Ajakaiye, in Sokoto The administration of Governor Aminu Waziri Tambuwal in Sokoto has scaled up its rural areas transformation ...
Bill Gates’ foundation, World Bank, others pledge $790m at UNGA to enhance smallholder farmers
Kenneth Afor The United Nations (UN) climate action summit in New York on Monday alongside the Bill and Melinda Gates ...
Nigeria approaches World Bank for $2.5bn loan
Hafez Ghanem, World Bank’s vice-president for Africa, says the lender is in talks with the Nigerian government for a $2.5 ...
Nigeria tragically living on borrowed time —World Bank
Adetunji Oredipe, the senior agriculture economist, World Bank, on Thursday said the neglect of the agriculture sector when Nigeria’s economy ...
World Bank, China tops Nigeria’s creditors with $11.46bn
The World Bank and the Exim Bank of China are Nigeria’s largest creditors with a combined portfolio of $11.46bn, data ...
World Bank blacklists CCECC, five other Chinese firms in Nigeria for fraud
Some Chinese companies in Nigeria have been blacklisted by the World Bank for fraud and corruption. The companies include China ...
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