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The Pacesetter Frontier Magazine

Making a Stride in Time

World Bank

World Bank has approved $2.25b support package for Tinubu’s economic programs – Edun

June 14, 2024 by Editor Leave a Comment

President Bola Ahmed Tinubu’s efforts at stabilising the economy and scaling up support for the most vulnerable citizens have received a $2.25 billion World Bank boost. Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, broke the news of two major financial support packages in a statement last night. They include $1.5 … [Read more…]

Posted in: Business/Economy Tagged: World Bank

Naira appreciates against US dollar after CBN rejects IMF, World Bank reform advice

April 25, 2022 by Editor Leave a Comment

The Nigerian currency appreciated against the United States currency after the Central Bank of Nigeria (CBN) boldly rejected the call by International Monetary Fund (IMF) and World Bank to allow market forces to determine the exchange rate. Data from FMDQ securities at the last trading day of last week showed naira closed at $418.33 to … [Read more…]

Posted in: Business/Economy Tagged: CBN, Naira appreciation, World Bank

World Bank: Nigeria owes China $3bn

November 3, 2021 by Editor Leave a Comment

  The total amount of money owed to the Chinese government by the Federal Government as at March last year rose to $3. 121 billion (N1,126.68 trillion at USD/N361). The amount represents only 3.94 per cent of Nigeria’s total public debt of $79.21 billion as at September 2021.   Similarly, in terms of external sources … [Read more…]

Posted in: Business/Economy, News Tagged: World Bank

World Bank lists Nigeria Among the first three countries with the largest electricity Inadequacy and default

June 8, 2021 by Editor Leave a Comment

  The World Bank has listed Nigeria among the three countries with the largest electricity deficits in the world.   It said during the last decade, a greater share of the global population gained access to electricity than ever before, but the number of people without electricity in Sub-Saharan Africa increased.   The bank disclosed … [Read more…]

Posted in: News Tagged: Electricity, nigeria, World Bank

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