world bank loans

  1. Forex Reserves Hit $33.58 Billion as Nigeria Secures World Bank and Afrexim Bank Funds

    Nigeria Forex Reserves Hit $33.58 Billion as Nigeria Secures World Bank and Afrexim Bank Funds

    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...
  2. Nigeria's Bid for $1 Billion World Bank Loan for IDP Aid and Rural Development Raises Questions And Doubts Amidst Government's Past Corruption

    Nigeria Nigeria's Bid for $1 Billion World Bank Loan for IDP Aid and Rural Development Raises Questions And Doubts Amidst Government's Past Corruption

    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...
  3. SERAP Calls Out Lagos, Abia, Kano...... Over Diversion of 8.5b World Bank Loans

    Nigeria SERAP Calls Out Lagos, Abia, Kano...... Over Diversion of 8.5b World Bank Loans

    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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