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Tag Archives: World Bank

November, 2019

  • 12 November

    322 Nigerian Firms Shut Down In Five Years, More At Risk, Says W’Bank

    A survey carried out by the World Bank has revealed that about 322 private companies have shut down due to harsh business environment in Nigeria between 2009 and 2014. The World Bank Enterprise Survey also said out of 5,833 firms sampled in the country within the period, at least 1,136 …

October, 2019

  • 26 October

    Participant At IMF/World Bank Forum Diagnosed With Chickenpox

      A participant at the recent International Monetary Fund/World Bank Annual Meetings held in Washington DC, United States, has been diagnosed with chickenpox.   Jianhai Lin, Secretary of IMF, disclosed this in a statement on Friday, citing a letter from the Washington DC Department of Health.   Read Also:Bullion Van Saga: …

  • 10 October

    World Bank, IMF’s Statistics About Nigeria Inaccurate, Says Buhari

    President Muhammadu Buhari, has said some of the statistics about Nigeria published by the World Bank, the International Monetary Fund (IMF) and other foreign bodies are inaccurate.  President Buhari made this known on Wednesday after  meeting with the presidential economic advisory council (EAC). While urging the council to prioritise primary …

September, 2019

  • 19 September

    Nigeria Seeks $2.5bn Loan From World Bank

    The Nigerian Government has approached the World Bank for a loan of $2.5bn. Hafez Ghanem, World Bank’s Vice President for Africa, disclosed that they were in talks with the Nigerian government for the concessionary loan. He further revealed that Nigeria had received $2.4bn from the global financial institution in 2018. …

August, 2019

  • 9 August

    See How Much World Bank Spent In Alleviating Poverty In Nigeria

    The World Bank says it has spent around $11billion so far on different projects aimed at alleviating poverty in Nigeria.  Rachid Benmessaoudade, Country Director of the World Bank in Nigeria who disclosed this in Abuja, said the projects which this huge sum of money was spent on over the years …

May, 2019

  • 16 May

    Nigeria’s Ex-minister Gets World Bank Appointment

    The World Bank has appointed Muhammad Ali Pate, minister of state for health under former president Goodluck Jonathan, as global director for health, nutrition, and population. Pate was also appointed as director of Global Financing Facilty (GFF) of the World Bank Group, which seeks to raise “trillions of dollars” to ensure …

  • 4 May

    Three Weeks To End Of Tenure, Amosun Seeks N350m World Bank Loan

    Ibikunle Amosun, Governor of Ogun State, has concluded plans to loan N350 million from the World Bank barely three weeks to the end of his tenure.  He said the loan would help create a system-driven environment for business, better welfare for citizens and good governance.  Amosun disclosed this when he …

April, 2019

  • 9 April

    Nigeria’s Economy Slipping Since 1995 – World Bank

    The World Bank has said that the Nigerian economy has been on the downward slide since 1995 and continued till 2018. This was stated in the World Bank’s latest report on the regional economy titled, ‘Africa’s Pulse’, released on the taxonomy of growth performance in sub-Saharan Africa, which focused on …

February, 2019

  • 6 February

    Nigerian World Bank Director Haruna Mohammed Dies

    The World Bank has announced the death of Haruna Mohammed, Executive Director for Nigeria, Angola, and South Africa. Ousmane Diagana, World Bank Group’s Vice President, Human Resources, said in a statement that Mohammed passed away on Friday at Georgetown Hospital in Washington, DC. “Before being appointed Executive Director in October …

January, 2019

  • 7 January

    World Bank President, Jim Yong Kim, Abruptly Resigns

    World Bank President Jim Yong Kim announced Monday he would step down next month, more than three years before his current term was due to expire. The decision ends Kim’s six-year tenure and may give US President Donald decisive influence over the future leadership of the global development lender. “It …

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