Skip to content
World Bank says Nigeria, others accountable for 83% of global gas flaring, as NMDPRA decries energy under-utilisation
World Bank has listed Nigeria, alongside United States, Russia and six other countries as accountable for over 83 per cent global gas flaring in 2025. Nigeria remained one of the world’s largest gas-flaring countries in 2025. This is just as recent…
World Bank lists Nigeria’s ports among top 20 globally
World Bank has listed sea ports in Nigeria among the 20 most improved facilities globally The bank disclosed this in its 2025 Container Port Performance Index, released June 2026. According to the data, Nigeria’s ports, Tincan Island and Apapa, maintained number…
Despite global unrest, mounting debts, Nigeria’s 2026 growth forecast of 4.1% unchanged — World Bank
World Bank has retained its forecast for Nigeria’s economic growth at 4.1 per cent in 2026 and 4.2 per cent in 2027, even as it expressed concerns over rising sovereign debt levels across developing economies. Disclosing this in its 2026…
Hormuz: IMF, World Bank, IEA warn of acute fuel scarcity
Amid escalating prices of petroleum products, as well as, the liquefied petroleum gas (LPG) across parts of Nigeria, and the rest of the world, leaders of the International Monetary Fund (IMF), World Bank and International Energy Agency (IEA) have warned of…
Nigeria, World Bank restructure $500m education funding programme, as more states now to benefit
Nigeria and the World Bank have agreed to restructure the $500m HOPE for Quality Basic Education for All programme earlier approved for the country, last year, with more states now to benefit. The new structuring formula sees a cut in the…
World Bank withdraws $717m power sector loan facility to Nigeria over unsatisfactory performance
World Bank and Federal Government have both claimed responsibility for the reported cancellation of the $717m undisbursed power sector loan facility from the financial institution. Federal Government had, Tuesday, announced the cancellation of the $717.7 million in undisbursed funding under the…
Nigeria retains third spot among World Bank’s biggest borrowers
Nigeria has retained its position as the third largest borrower from the World Bank’s International Development Association (IDA) despite recording a slight reduction in its debt profile during the first quarter of 2026. Data obtained from the bank showed that the…
Nigeria’s total public debt to hit N160.98tn, as fresh $1.25bn World Bank loan nears approval
As a fresh World Bank loan by the federal government nears approval, the country’s total public debt profile is now projected to reach N160.98 trillion. This figure is sharp rise from the N87.38 it stood, as at the assumption of…
Nigeria firms get $83m IFC-Norfund funding for off-grid power development
500,000 households to be connected, 2.9m people to be served Ziggy Ojiegbe A new financing push led by the International Finance Corporation and Norway’s Norfund is set to expand electricity access to millions of Nigerians living beyond the reach of…
FG’s N1 trn mortgage capital to close urban housing gaps
Sopuruchi Onwuka The moves by the federal government to raise a trillion Naira in capital for the construction industry is conceived revive mortgage banking and arrest the worsening housing crises that beset urban dwellers in the country. Finance Minister, Wale…
