Nigeria's FX reserves have surged to $33.58 billion, the highest since March 2024, reflecting significant financial stability. Boosted by World Bank loans and Afrexim Bank disbursements, the reserves' growth marks a recovery amid exchange rate stability and improved forex market liquidity...
The Federal Government is in active negotiations with the World Bank to secure a substantial loan exceeding $1 billion. This financial injection aims to confront the dire challenges faced by Internally Displaced Persons (IDPs) and rural communities, while also bolstering agricultural marketing...
The Socio-Economic Rights and Accountability Project (SERAP) has called on the World Bank to suspend loans to Nigeria's 36 states, citing allegations of widespread mismanagement of public funds, including loans from the institution.
In a letter dated November 25, 2023, SERAP urged World Bank...
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