Business Economy Top Story

W/Bank projects Nigeria’s growth to strengthen by 2.5% in 2022

Reading Time: 4 minutes As the global economy enters a pronounced slowdown amid fresh threats from COVID-19 variants and others, Nigeria’s growth is projected to strengthen to 2.5 per cent in 2022 and 2.8 per cent in 2023. The World Bank said this in Washington at the presentation of its January 2022 Global Economic Prospects report. According to it, Read More…

Business Economy Top Story

W/Bank predicts 4% global economic growth, 1.1% for Nigeria in 2021

Reading Time: 4 minutes Image Credits: Akintunde Akinleye/REUTERS. The World Bank says global economy is expected to grow by 4 per cent in 2021, assuming an initial COVID-19 vaccine rollout becomes widespread throughout the year. It said this in a statement issued in Washington D.C. on Tuesday at the presentation of the January 2021 Global Economic Prospects. It added Read More…

Business Economy Featured

COVID-19: World Bank to assist developing countries resume growth

Reading Time: 2 minutes Image Credits: WFP/Damillola Onafuwa, REUTERS. The World Bank Group has said that it will help developing countries resume growth and respond to the health, social, and economic impacts of COVID-19. President of the bank, Mr David Malpass, in a statement on Wednesday, said it would assist the countries as they worked toward a sustainable and Read More…

Business COVID19

World Bank approves $114.28m for Nigeria to assist with COVID19 response

Reading Time: 2 minutes Image Credits: REUTERS/Luc Gnago, REUTERS/Francis Kokoroko. The World Bank has approved $114.28 million financing to help Nigeria prevent, detect and respond to the threat posed by COVID-19 with specific focus on state level responses.  According to a statement from the bank on Friday, the amount includes $100 million credit from the International Development Association (IDA) Read More…