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Tag "World Bank"

Makhtar Diop, former Senegal finance minister, becomes first African to head IFC

    Makhtar Diop, former Senegal finance minister, becomes first African to head IFC

The World Bank has appointed Makhtar Diop, former Senegal minister of economy and finance, as managing director and executive president to head the International Finance Corporation (IFC), with effect from

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Shell sues Nigeria over oill spill compensation claim

    Shell sues Nigeria over oill spill compensation claim

Royal Dutch Shell has filed a suit against the Nigerian government at the World Bank’s International Centre for Settlement of Investment Disputes. Information available in the ICSID website showed that the

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Kogi secures $72m loan to boost economy, food security

    Kogi secures $72m loan to boost economy, food security

The Kogi state government has secured two separate loans to boost its economy and food security. The loans, obtained from the World Bank and the International Fund for Agricultural Development

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World Bank approves $500m to support electricity distribution in Nigeria

    World Bank approves $500m to support electricity distribution in Nigeria

The World Bank has approved $500 million to support Nigeria in improving operations of electricity distribution companies (DisCos). In a recent statement by the Bank, it said this is under

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World Bank: Number of poor Nigerians may hit 100m by 2022

  World Bank: Number of poor Nigerians may hit 100m by 2022

The World Bank has projected that the number of poor people in Nigeria will increase by 20 million by 2022.

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Sokoto tops list as FG disburses N123bn World Bank fiscal transparency grant to states 

  Sokoto tops list as FG disburses N123bn World Bank fiscal transparency grant to states 

The federal government has disbursed N123.34 billion performance-based grant to eligible states under the World Bank supported states fiscal transparency,

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Kwara wins $16.9m World Bank grant

  Kwara wins $16.9m World Bank grant

The Kwara state government has won $16.9 million dollars in the 2019/2020 World Bank supported states fiscal transparency, accountability and

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Nigeria’s external reserve slips to 8-month low

  Nigeria’s external reserve slips to 8-month low

Nigeria’s foreign reserves plummeted further at $34.85 billion on December 14, as the Central Bank of Nigeria (CBN) continues its

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World Bank finally approves $1.5bn loan for Nigeria

  World Bank finally approves $1.5bn loan for Nigeria

The World Bank has approved Nigeria’s request for a $1.5 billion loan. In a statement on Tuesday, the Bretton Wood

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Nigeria needs more currency reform to access $1.5bn loan, says World Bank director

  Nigeria needs more currency reform to access $1.5bn loan, says World Bank director

Shubham Chaudhuri, World Bank country director for Nigeria, says Nigeria needs more monetary reform in order to access $1.5 billion

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