W'Bank Archives

AfDB, W’Bank pledge $40bn to Mission 300 initiative

The President of the African Development Bank, Akinwumi Adesina, has announced that the AfDB and the World Bank Group are committing $40 billion to the Mission 300 initiative, which aims to provide electricity to 300 million Africans by 2030. This was disclosed by Adesina disclosure during his opening remarks titled, “From Ideas to Action to […]

monwubukepdnlimited-com
28th January 2025
3 Comments
64 Views

NNPCL fuel subsidy gains not fully remitted - World Bank

Economy

W’Bank predicts 3.7% growth for Nigeria’s economy in 2025

The World Bank’s recent report, “Global Economic Prospect: Subdued Growth, Multiple Challenges,” estimated that Africa’s largest economy will grow by 3.3%, up from 2.9% in 2023. According to the research, “Growth in Nigeria is projected to be 3.3% this year and 3.7% in 2025—up 0.3 and 0.6 percentage points, respectively, since June—as macroeconomic reforms gradually […]

bfatoyepdnlimited-com
25th January 2024
0 Comments
119 Views

World Bank bans Nigerian companies, CEO over fraudulent practices

News

Internet access cut poverty, boosted employment in 2023 – W’Bank

The World Bank has revealed that exposure to internet access after more than three years resulted in a 7% reduction in extreme poverty in Nigeria and Tanzania. This exposure resulted in an 8% rise in labour force participation and pay employment. The bank issued a new brief that read: “In 2023, a World Bank flagship report found that […]

bfatoyepdnlimited-com
19th January 2024
0 Comments
66 Views

Nigeria’s per capita income to hit pre-COVID level 2025 – W’Bank

Nigeria’s per capita income is expected to reach its pre-pandemic level by 2025, according to World Bank projections. “Growth in Nigeria is projected at 3.3 percent this year and 3.7 percent in 2025—up 0.3 and 0.6 percentage points, respectively, since June—as macro-fiscal reforms gradually bear fruits. The baseline forecast implies that per capita income will […]

aomenyepdnlimited-com
10th January 2024
0 Comments
82 Views

SEC clarifies director tenure rules, eases market operators’

FG launches 2025/2026 technical teachers training programme

BVN enrolment remains free for Nigerians at home

NIPOST vows crackdown on drug-trafficking courier firms

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Some Populer Post

FG combats energy poverty with nation compact initiative

Jack Dorsey launches bluetooth-based messaging app Bitchat

Enugu Air cleared for domestic flights under XEJet partnership

CBN orders banks to submit capital restoration plans

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