#World Bank

The World Bank says global oil supply will decline by 7 million barrels per day (bpd) in the second quarter (Q2) of 2026, as disruptions linked to tensions in the Middle East weigh on production and exports. Accirding to the…

The Governor, Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, addressed the delegates during the Leadership Dialogue on Capacity Development in Africa meeting at the 2026 Spring Meetings of the International Monetary Fund and the…

The Nigeria Police Force, under the leadership of the Inspector-General of Police, IGP Olatunji Rilwan Disu, psc(+), NPM, has recorded multiple major breakthroughs in cybercrime investigations conducted by the Nigeria Police Force National…

The World Bank has removed its Nigeria Development Update report from its website after initially advising the Federal Government to sustain the importation of Premium Motor Spirit (PMS) to stabilise fuel supply. The April 2026…

The regulator is said to be planning a launch of a new foreign exchange (FX) manual which is aimed at boosting inflows and strengthening stability in the currency market. The deputy governor of the Central Bank of Nigeria…

Nigeria’s public finances are facing renewed scrutiny after the World Bank warned that a growing share of federation revenues is being absorbed by deductions before funds reach federal, state and local governments, raising fresh concerns…

Africa’s rail network continues to carry a fraction of its potential freight capacity, even as policymakers push for deeper integration and investment to unlock continental trade. According to the World Bank, Africa transports about…

The World Bank has endorsed Nigeria’s ongoing bank recapitalisation drive, describing it as a crucial step to stabilise the financial system and strengthen lenders’ capacity to fund businesses. With about 25 banks already…

A World Bank chief, Anna Bjerde, said Nigeria is now frequently cited globally as an example of steady, credible reform leadership. Bjerde, the bank's Managing Director of Operations, made the remark at a meeting on Tuesday…

The World Bank says its total development projects and lending operations in Nigeria are valued at over $16 billion, covering education, health, social protection, energy, and infrastructure sectors. The World Bank spoke on its Nigerian…