Africa CDC gets $100 mln from World Bank
July 22, 2022 Africa’s main public health body, the Africa Centres for Disease Control and Prevention (Africa CDC), will receive $100 million from the World Bank to help African countries…
ECONOMIC CHALLENGES AND CBN’s POLICIES, BY ARIZE NWOBU
In a recent report entitled ‘’Development Updates on Nigeria’’, the World Bank highlighted the current challenges of the economy which include a threatening inflation rate which stood at 17.7 per…
Sokoto State emerges best performing state on NEWMAP projects execution – Official
June 15, 2022 Sokoto State has emerged best performing state in the execution of Nigeria Erosion and Watershed Management Project (NEWMAP), among benefiting states in the country. NEWMAP Project Coordinator…
World Bank to Discuss ‘Next-Phase’ Financing for Ukraine – World bank
April 18, 2022 More countries are expected to announce contributions to help war-torn Ukraine maintain its government through the World Bank’s multi-donor trust fund and parallel funds this week, World…
FG inaugurates committee to implement $700m sanitation project in 7 states
April 11, 2022 The Federal Government has inaugurated the Federal Technical Committee to support the implementation of the Sustainable Urban and Rural Water Supply, Sanitation and Hygiene (SURWASH) Programme in…
Russian Invasion to Shrink Ukraine Economy by 45% This Year
April 11, 2022 The war against Ukraine and sanctions on Russia are hitting economies around the globe, with emerging market and developing countries in the Europe and Central Asia region…
War: ExxonMobil to exit Russia as World Bank, IMF ready more support for Ukraine
March 2, 2022 U.S. oil giant, ExxonMobil, says it will discontinue its current operations in Russia over the country’s invasion of Ukraine, swelling the number of multinationals that have served…
COVID-19 action recovery: Each State to get $20m intervention allocation from World Bank $750m loan – FG
Jan 21, 2021 The Vice President, Yemi Osinbajo says the World Bank supported COVID-19 Action Recovery and Economic Stimulus (NG-CARES) will leverage on existing job creation, wealth creation and poverty…
Global growth to slow through 2023, adding to risk of ‘Hard Landing’ in developing economies – World Bank report
Jan. 11, 2022 …Spread of COVID-19 Variants Alongside Inflation, Debt, Inequality Intensifies Uncertainty Following a strong rebound in 2021, the global economy is entering a pronounced slowdown amid fresh threats…
Development: World Bank to spend $93bn on Nigeria, others against Covid-19, Climate
December 15, 2021 The World Bank Wednesday announced a $93 billion replenishment package of the International Development Association (IDA) to help low-income countries respond to the COVID-19 crisis and build…