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World Bank

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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Economics FEATURED Latest TOP STORIES 

World Bank approves $500m for Nigeria’s electricity distributors

February 5, 2021February 5, 2021 Markets Reporters 0 Comments Discos, DISREP, World Bank

The World Bank announced on Friday that it had approved $500 million to support the government of Nigeria in improving

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Economics FEATURED Latest TOP STORIES 

Nigeria’s economy shrank by 4.1% in 2020 – World Bank

January 5, 2021January 5, 2021 Markets Reporters 0 Comments Nigerian economy, World Bank

Nigeria’s economy is estimated to have contracted 4.1 percent in 2020, as the effects of the pandemic impacted economic activity

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Economics FEATURED Latest TOP STORIES 

20 million Nigerians could become poor by 2022 – World Bank

December 10, 2020December 10, 2020 Markets Reporters 0 Comments Poor Nigerians, World Bank

The number of poor Nigerians could increase by 15 to 20 million by 2022 in the absence of measures to

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Economics FEATURED Latest TOP STORIES 

Nigeria, SSA peers received $39bn long-term debt inflows in 2019 – World Bank

October 12, 2020October 12, 2020 Markets Reporters 0 Comments Long-term debt inflows, Sub-Saharan Africa, World Bank

Countries in Sub-Saharan Africa accounted for the largest share (24 per cent) of $162 billion net long-term inflows to low-

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Economics FEATURED Latest TOP STORIES 

World Bank cuts economic forecast for Nigeria, sees 4.1% contraction

October 8, 2020October 8, 2020 Markets Reporters 0 Comments economic forecast, Nigeria, World Bank

The World Bank has revised its 2020 forecast for Nigeria’s economy to -4.1 percent, saying the country’s near-term outlook is subject

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Economics FEATURED Latest TOP STORIES 

COVID-19’ll push 40 million Nigerians, others into extreme poverty – World Bank

October 8, 2020October 8, 2020 Markets Reporters 0 Comments COVID-19, Extreme poverty, Nigerians, World Bank

The number of people in extreme poverty in Nigeria and other sub-Saharan African countries will swell by 40 million as

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Economics FEATURED Latest TOP STORIES 

COVID-19: 150 million risk extreme poverty, says World Bank

October 7, 2020October 7, 2020 Markets Reporters 0 Comments COVID-19, Extreme poverty, World Bank

The COVID-19 pandemic is estimated to push an additional 88 million to 115 million people into extreme poverty this year,

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