world bank loan

During a joint press conference at the spring meetings of the International Monetary Fund (IMF) and the World Bank in Washington D.C., Finance Minister Wale Edun revealed that Nigeria has qualified for a $2.25 billion loan from the World Bank, described as "virtually a grant" due to its...

The Economic and Financial Crimes Commission (EFCC) has uncovered further fraudulent activities involving COVID-19 funds, a World Bank loan, and Abacha recovered loot at the Ministry of Humanitarian Affairs. In a recent statement, EFCC spokesperson Dele Oyewale revealed that the agency's...

Former Deputy Governor of the Central Bank of Nigeria (CBN) and one-time presidential candidate, Kingsley Moghalu, has launched a scathing critique of recent financial decisions made by the Federal Government of Nigeria. His condemnation revolves around two key issues: Nigeria's pursuit of a...

The Federal Government of Nigeria is seeking an additional $400 million loan from the World Bank for conditional cash transfers to 15 million households. This move is part of an effort to alleviate the impact of removing petrol subsidies, which has led to a significant rise in living costs for...