Archives Tag: World Bank

BUSINESS Women

Apply for the World Bank Sponsored WomenX Scholarship for Women Entrepreneurs

April 19, 2022

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 … Continue reading Apply for the World Bank Sponsored WomenX Scholarship for Women Entrepreneurs

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ECONOMY News

World Bank Pledges Support to Nigerian Mining Sector

April 19, 2022

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 … Continue reading World Bank Pledges Support to Nigerian Mining Sector

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ECONOMY News

World Bank Ranks Nigeria 169th in Doing Business Report

April 19, 2022

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, … Continue reading World Bank Ranks Nigeria 169th in Doing Business Report

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News

Global Investment Firm Hires Dr. Ngozi Okonjo-Iweala

April 19, 2022

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

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News

World Bank Guarantees Nigeria a 450 Megawatts PowerPlant

April 19, 2022

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 … Continue reading World Bank Guarantees Nigeria a 450 Megawatts PowerPlant

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News

FG Receives $2.1 Billion Credit from World Bank to Rebuild North Eastern Nigeria

April 19, 2022

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 … Continue reading FG Receives $2.1 Billion Credit from World Bank to Rebuild North Eastern Nigeria

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ECONOMY News

Nigeria, South Africa, Egypt Account For Half of Africa’s Economy, World Bank

April 19, 2022

    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 … Continue reading Nigeria, South Africa, Egypt Account For Half of Africa’s Economy, World Bank

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EDUCATION News Research Science & Technology

10 Nigerian Universities Get $80million Grant from World Bank for Centres Of Excellence

April 19, 2022

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 … Continue reading 10 Nigerian Universities Get $80million Grant from World Bank for Centres Of Excellence

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EDUCATION News

Obafemi Awolowo University, OAU, Gets N1.3 billion from World Bank

April 19, 2022

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 … Continue reading Obafemi Awolowo University, OAU, Gets N1.3 billion from World Bank

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Events International News

AfDB to Co-host ‘Africa Day’ in Washington

April 19, 2022

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 … Continue reading AfDB to Co-host ‘Africa Day’ in Washington

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BUSINESS ECONOMY International News

Doing Business Report: World Bank Ranks Nigeria 147

April 19, 2022

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 … Continue reading Doing Business Report: World Bank Ranks Nigeria 147

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ECONOMY Housing News

World Bank Funds Mortgages in Nigeria with $300 Million

April 19, 2022

The World Bank Board of Directors have approved $300 million credit to help provide affordable mortgages for middle-income and lower income families in Nigeria. “The Nigerian financial system has quickly grown and is becoming increasingly integrated into the regional and global financial systems,” said Marie Francoise Marie-Nelly, the World Bank Country Director for Nigeria. “Today’s … Continue reading World Bank Funds Mortgages in Nigeria with $300 Million

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ECONOMY News Stuff

World Bank Gives Nigeria $200m Grant To Generate Employment

April 19, 2022

The World Bank has given Nigeria a grant of $200 million for employment generation. According to Gombe State Governor, Mr. Ibrahim Dankwambo, “The grant was meant to support current schemes to boost the employment generation among young people.” “The grant is also meant to uplift the quality of education and boost food production in Nigeria, … Continue reading World Bank Gives Nigeria $200m Grant To Generate Employment

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Agriculture News

Nigeria Gets N139 Bn from World Bank to Boost Agriculture – Minister

April 19, 2022

Nigeria has received ₦139.5 billion from the World Bank in the last two years to boost agricultural development, Agriculture Minister, Akinwumi Adesina, said at the concluded All Nigerian Editors’ Conference in Asaba. He said, “Nearly N62 billion of the amount was specifically pumped into irrigation development. The African Development Bank (ADB) had provided nearly ₦77.5 billion to … Continue reading Nigeria Gets N139 Bn from World Bank to Boost Agriculture – Minister

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Agriculture ECONOMY Environment

World Bank: What Climate Change Means for Africa, Asia and the Coastal Poor

April 19, 2022

As the coastal cities of Africa and Asia expand, many of their poorest residents are being pushed to the edges of livable land and into the most dangerous zones for climate change. Their informal settlements cling to riverbanks and cluster in low-lying areas with poor drainage, few public services, and no protection from storm surges, … Continue reading World Bank: What Climate Change Means for Africa, Asia and the Coastal Poor

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