Business
Airtel Africa begins $100m share buy-back

Airtel Africa names Gopal Vittal new chairman

  • 25th March 2026

SEC DG secures second term as IOSCO regional

  • 24th March 2026

FG launches national single window to cut port

  • 24th March 2026

Unilever Nigeria’s profit surges 128% to ₦51.7bn

  • 24th March 2026

Contact Info

Some Populer Post

Court orders final forfeiture of $13m linked to Lagos

featured News

Crude-for-naira: Dangote refinery gets only five of 15 cargoes,

Oil and Gas

Court nullifies CBN’s dissolution of Union Bank board

Banking
Fraud losses decline in Nigerian banks in Q1 2024 - Report

Nigerian banks raise ₦4.61trn ahead of recapitalisation deadline

Banking

Tag: World Bank

World Bank bans Nigerian companies, CEO over fraudulent practices
Business

Nigeria to get funding for ID4D project – World Bank

The World Bank has said that Nigeria will now receive funds from the World Bank for the implementation of its Identity for Development initiative because the country has enacted a data protection law. The signing of Nigeria’s data protection law into law satisfied the requirement for the release of funds from the International Development Association, European […]

World Bank approves $300m support package for Ghana's economic recovery
Agribusiness

FG, World Bank inspect Enugu’s N350 million agro-processing projects

The World Bank and as well as a delegation from the Federal Ministry of Agriculture and Finance on Saturday toured several multimillion Naira agricultural produce processing facilities that have been established in Enugu State. The initiatives under the Agro-Processing, Productivity Enhancement and Livelihoods Improvement Support initiatives are located in 15 centres across the state’s three senatorial […]

Stop forex restriction on items, impose tariffs, W’Bank tells FG
News

Stop forex restriction on items, impose tariffs, W’Bank tells FG

  The World Bank has advised the Central Bank of Nigeria to terminate its foreign exchange restrictions on 41 products. According to the report, titled,”Nigeria Development Update (June 2023): Seizing the Opportunity,” the body stated that this would complement efforts to reduce inflation through a sequenced and coordinated blend of monetary, fiscal, and trade policies. […]

NNPCL fuel subsidy gains not fully remitted - World Bank
News

FG to repay $800m palliative loan, says World bank

The World Bank which has been Nigeria’s development partner for many years has stated that the $800 million palliative given to Nigeria is a loan that Nigeria will have to pay back. This was said by Mr. Shubham Chaudhuri, the Nigerian country director for the World Bank during an interview with Channels TV. He explained […]

NNPCL, marketers fuel vessels to arrive next week - IPMAN
News

Fuel subsidy stopped development of e-vehicles in Nigeria – W’Bank

      The World Bank has stated that the previous administration’s decision to subsidise petrol prices has impeded the progress of e-mobility and the adoption of alternative vehicles such as electric minibuses, two-wheelers, and three-wheelers. In a document titled “E-Trans-Electric Mobility and Transition in Nigeria: Strategy and Implementation,” the bank reported that the funding […]

NNPCL fuel subsidy gains not fully remitted - World Bank
News

Subsidy removal: Nigerias inflation to rise 25%, World Bank predicts

The World Bank predicts that the removal of petrol subsidies will cause inflation to reach up to 25% by 2023. Nevertheless, the Washington-based bank highlighted that even though there would be a considerable increase in 2023, headline inflation will decline by the first quarter of 2024. This projection was included in the Nigeria Development Update for […]

World Bank punishes Nigerian firms, individuals for corruption
Business

Fuel subsidy: Civil society question $800m palliative loan

The Civil Society Legislative Advocacy Centre has questioned the over $800 million loan obtained by the Federal Government from the World Bank as palliative measures to cushion the effects of the proposed fuel subsidy removal scheduled for June 2023. According to The Punch, this was in a statement released by the Executive Director of CISLAC, […]

NNPCL fuel subsidy gains not fully remitted - World Bank
featured

How Nigeria can stabilize economy – World Bank

Increased oil revenues are one strategy the Nigerian government can use to regain macroeconomic stability, according to the World Bank. This was stated in the April 2023 Macro Poverty Outlook by the World Bank. According to this, the government may improve the economy by enacting some measures; Increase oil and non-oil revenues, tighten monetary policies to […]

World Bank approves $300m support package for Ghana's economic recovery
featured

Nigeria’s debt to World Bank hits N6trn

Under the administration of the President, Major General Muhammadu Buhari (retd.), Nigeria’s debt from the World Bank increased by 121.46% to six trillion. According to The Punch, Nigeria’s overall debt to the World Bank Group increased by $7.64 billion (or N3.52 trillion, using the Central Bank of Nigeria’s exchange rate, which was N460.53 per dollar as […]

World Bank punishes Nigerian firms, individuals for corruption
Business

Global economic growth rate drop to 2% – World   

WorlThe World Bank Group’s most recent analysis reveals that global economic output is predicted to be a mere 1.7% in 2023, indicating a significant decline in global growth. Economists at the World Bank are cautioning that this economic downturn could have widespread effects, and any negative developments could potentially lead to a global recession. The […]

Buhari unveils SDG financing framework
Opinion

Experts knock Buhari over $800m loan facility

Financial experts have criticized the President, Major General Muhammadu Buhari (retd.), over his decision to obtain a World Bank facility worth $800 million on the eve of his departure from office.   The facility is expected to be disbursed to about 50 million vulnerable Nigerians as palliatives to cushion the impact of the expected removal […]

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Email Us: [email protected]

ambusinessng @2025. All Rights Reserved.

Facebook-f Pinterest-p Youtube Instagram Linkedin-in