World Bank Archives - News Desk Nigeria

World Bank, Access Bank CEO Say Recapitalisation Will Boost Private Sector Credit

NewsDeskNgFeb 15, 2026February 15, 20260

World Bank director Verghis and Access Bank CEO Ogbonna predict recapitalised banks will increase lending, strengthen liquidity, and drive economic growth across Nigeria. World Bank Country Director for Nigeria, Mr. Matthew Verghis, on Thursday declared that the ongoing recapitalisation of the banking industry will strengthen banks’ position to increase lending...

Let’s breathe freely – NLC slams IMF, World Bank for disowning subsidy removal advisory

NewsDeskNgOct 28, 2024October 28, 20240

The Nigeria Labour Congress has asked the International Monetary Fund and the World Bank to stop stiffening Nigeria with its policy advisories described as ‘insincere’. The NLC president disclosed this in a statement on Sunday. This comes amid a statement attributed to the IMF’s African Region Director, Abebe Selassie, during...

World Bank tasks developing countries on logistics performance

NewsDeskNgApr 22, 2023April 22, 20230

The World Bank on Friday released its 2023 Logistics Performance Index (LPI) report, urging developing economies to boost their economic growth through improvements in logistics for goods transportation. The report is a measure of countries’ ability to move goods across borders with speed and reliability. This is contained in a...