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World Bank

Economics FEATURED Latest TOP STORIES 

World Bank lifts growth forecast for Nigeria, sub-Saharan African peers 

January 17, 2025January 17, 2025 Markets Reporters 0 Comments Global Economic Prospects report, Sub-Saharan Africa, World Bank

By Mary Adenike  The sub-Saharan Africa region is expected to grow to 4.1 percent in 2025 from 2.9 percent last

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FEATURED Latest Money TOP STORIES 

First IMF-World Bank meetings in Africa in 50 years begin

October 9, 2023October 9, 2023 Markets Reporters 0 Comments IMF, World Bank

The International Monetary Fund and World Bank gather in Morocco Monday for their first annual meetings on African soil in

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Economics FEATURED Latest TOP STORIES 

Nigeria’s gains from subsidy removal, FX reforms to top N21trn by 2025: World Bank

June 27, 2023June 27, 2023 Markets Reporters 0 Comments FX reforms in Nigeria, Petrol subsidy removal, World Bank

With the removal of the subsidy and the implementation of FX reforms, the government is projected to achieve estimated fiscal

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Economics FEATURED Latest TOP STORIES 

World Bank sees Nigeria’s inflation hitting 25% on subsidy removal

June 27, 2023June 27, 2023 Markets Reporters 0 Comments Inflation rate in Nigeria, Nigeria Development Update, World Bank

The World Bank has said the inflation rate in Nigeria is expected to peak at 25 percent this year on

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Energy FEATURED Latest TOP STORIES 

Nigeria will use up oil reserves in 50 years – World Bank

May 13, 2023May 13, 2023 Markets Reporters 0 Comments Reserve to production ratio, World Bank

Nigeria’s crude oil reserves will be exhausted in 50 years’ time if production continues at the current rate, the World

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Economics FEATURED Latest TOP STORIES 

World Bank urges CBN to rethink FX repatriation rebate

December 23, 2022December 23, 2022 Markets Reporters 0 Comments CBN, export proceeds repatriation, RT200 FX Programme, World Bank

The World Bank has urged the Central Bank of Nigeria to reconsider its rebate scheme aimed at encouraging the repatriation

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FEATURED Latest Money TOP STORIES 

Naira redesign may weigh on economic activity – World Bank

December 17, 2022December 17, 2022 Markets Reporters 0 Comments Naira redesign, New naira notes, Nigeria Development Update, World Bank

The World Bank has said the redesign of Nigeria’s higher-value currency notes may have negative impacts on economic activity. The

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Economics FEATURED Latest TOP STORIES 

World Bank pledges to replenish IDA fund early to help poorest countries

April 15, 2021April 15, 2021 Markets Reporters 0 Comments IDA20 replenishment, World Bank

The World Bank said on Thursday that it had launched an early twentieth replenishment process of the International Development Association,

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Economics FEATURED Latest TOP STORIES 

Nigeria’s growth prospects muted, vaccine rollout slow – World Bank

April 1, 2021April 1, 2021 Markets Reporters 0 Comments Slow vaccine rollout in Nigeria, World Bank

The World Bank has said Nigeria’s muted growth prospects and slow vaccine rollout will weigh on sub-Saharan Africa’s economic outlook.

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Economics FEATURED Latest TOP STORIES 

Nigeria’s economy beats World Bank, IMF estimates, emerges from recession

February 18, 2021February 18, 2021 Markets Reporters 0 Comments IMF, NBS, Nigerian economy, recession, World Bank

Nigeria, Africa’s biggest economy, has snapped out of recession as it recorded positive growth in the fourth quarter of 2020,

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