Apply for the World Bank Young Professionals Program 2020
The World Bank says it will be accepting applications for the 2020 cohort of its Young Professionals Program in June 2019. The Young Professionals Program, which lasts for two years, is a World Bank initiative that gives talented young people from across the world the opportunity to gain high-level technical experience by working on some […]
Ngozi Okonjo-Iweala May Be Targeting World Bank Presidency Again
Former Nigerian finance minister, Ngozi Okonjo-Iweala, has suggested that she might still be interested in becoming president of the World Bank. She dropped this hint in an interview with CNN’s Richard Quest while she was at the World Economic Forum in Davos, Switzerland, last week. There’s been some noise around the top job at the […]
Nigeria Improves On Its Ease of Doing Business Ranking
Nigeria has recorded an improvement in its ease of doing business ranking. This is according to a report released by the World Bank recently. The rankings, which measure the ease with which business is carried out in 189 countries, has Nigeria placed 169th in the 2017 Ease of Doing Business report, a marginal improvement from […]
World Bank Initiates Solar Energy Programme for Industry in Nigeria
An intervention by the World Bank through a large scale power initiative could see the burden of high energy costs borne by businesses in Nigeria being somewhat lightened. The global financial institution has revealed that it plans to introduce a solar energy program to cater for the power needs of industrial establishments in the country. […]
Apply For The World Bank Group Africa Fellowship Program
The World Bank Group is offering PhD students from Nigeria and other sub-Saharan African countries the opportunity to get hands-on experience with development research and policy making by registering for its Africa Fellowship Program. Successful applicants will work for a minimum of six months at the World Bank’s headquarters in Washington D.C., or in one […]
Apply for the World Bank Sponsored WomenX Scholarship for Women Entrepreneurs
The World Bank offers business women a great opportunity to build their business. This business training to be hosted at the Pan Atlantic University, Lagos Business School, is a great opportunity for women to benefit from, in addition to scholarships (WomenX Scholarship) being awarded for an entrepreneurial management program at the Enterprise Development Centre. To […]
World Bank Pledges Support to Nigerian Mining Sector
The World Bank has made a pledge to support the Nigerian Export-Import Bank (NEXIM Bank) in an effort to accelerate progress in the Nigerian mining sector. This was made known during a visit with Senior Mining Specialist, Energy & Extractives Unit, Dr. Francisco Igualada and the Managing Director, NEXIM Bank, Mr. Roberts Ungwaga Orya in […]
World Bank Ranks Nigeria 169th in Doing Business Report
The World Bank has ranked Nigeria 169 out of 189 countries in its latest report on the ease of doing business globally. A statement by the Head of Communications of the World Bank in Nigeria, Mr. Obadiah Tohomdet, on Tuesday in Abuja noted that the report considered the ease of obtaining construction permits, getting electricity, […]
Global Investment Firm Hires Dr. Ngozi Okonjo-Iweala
A 167-year-old global investment firm, Lazard has hired Nigeria’s former finance minister, Ngozi Okonjo-Iweala as a senior advisor. “She will bring a unique international expertise and experience that will benefit both our sovereign and corporate clients,” Matthieu Pigasse, Global Head of M&A and Sovereign Advisory of Lazard, said in an official statement. Source: BusinessDay Newspaper
World Bank Guarantees Nigeria a 450 Megawatts PowerPlant
Nigeria signed a financial agreement with the World Bank on Friday towards the ongoing construction of a power plant which will boost the country’s power supply by 10%. The agreement signed has partially guaranteed that $237 million of debt will be used to build the Azura Electricity Plant in Benin city. In a statement released […]
FG Receives $2.1 Billion Credit from World Bank to Rebuild North Eastern Nigeria
The Federal Government has received a 2.1 billion dollar credit facility from the World Bank. The money will be used to rebuild the troubled North East zone in Nigeria. This was announced in a statement released by the Special Adviser to President Buhari on Media and Publicity, Femi Adesina. Read the full statement below: The […]
Nigeria, South Africa, Egypt Account For Half of Africa’s Economy, World Bank
According to new data released by the World Bank Group last week, Nigeria, South Africa and Egypt account for about half of the African economy. The report said that low income economies, as a share of world GDP, were more than two times larger based on Purchasing Power Parity, PPP, than respective exchange […]
10 Nigerian Universities Get $80million Grant from World Bank for Centres Of Excellence
Ten Nigerian universities are to benefit from a grant of 80 million dollars donated by the World Bank for the funding of centres of excellence. According to the Executive Secretary of the National Universities Commission (NUC), Prof. Julius Okojie, Nigeria won 10 slots out of the 18 approved proposals for the establishment of African Centres […]
Obafemi Awolowo University, OAU, Gets N1.3 billion from World Bank
The Obafemi Awolowo University, OAU, Ile-Ife, has received a grant of $8 million (N1.3 billion) from the World Bank. This is contained in a statement signed by Abiodun Olarewaju, the Public Relations Officer of the University and made available in Osogbo, the state capital, on Wednesday. Mr. Olarewaju said that the grant would be used […]
AfDB to Co-host ‘Africa Day’ in Washington
The African Development Bank (AfDB) has announced it will collaborate with the World Bank to host the first ever ‘Africa Day’ during the Law, Justice and Development (LJD) Week 2013, on 20th November at the World Bank Group Headquarters in Washington DC. The LJD Week is organized annually to provide a forum for legal and development […]
Doing Business Report: World Bank Ranks Nigeria 147
The World Bank, in its ease of doing business report released Tuesday and titled “Doing Business 2014: Understanding Regulations for Small and Medium-Size Enterprises”, ranked Nigeria 147 of 189 countries surveyed. The report looks at ten indicators, including business registration, electricity, protecting investors, registering property, getting credit, enforcing contracts and paying taxes; the report also […]