The federal government has questioned the accuracy of a World Bank report which indicated that 78 percent of power consumers in Nigeria get less than 12 hours of daily supply.
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The World Bank says businesses in the country suffer an annual loss of $29 billion as a result of “unreliable” electricity. Top officials of the bank spoke on Wednesday at
David Malpass, World Bank president, says G-20 countries may extend debt service suspension till December. He said a decision will be taken at the group of 20 gathering this week.
The World Bank says Nigeria made an early exit out of recession than projected in its October 2020 forecast for Sub-Saharan Africa (SSA). In its latest Africa Pulse Report for
The World Bank says economic growth in Sub-Saharan Africa (SSA) is expected to rise between 2.3 percent and 3.4 percent
Nigeria is set to benefit from a $22.5 million World Bank funding for the regional off-grid electricity access project (ROGEAP)
The World Bank has appointed Makhtar Diop, former Senegal minister of economy and finance, as managing director and executive president
Royal Dutch Shell has filed a suit against the Nigerian government at the World Bank’s International Centre for Settlement of
The Kogi state government has secured two separate loans to boost its economy and food security. The loans, obtained from
The World Bank has approved $500 million to support Nigeria in improving operations of electricity distribution companies (DisCos). In a
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