A former President of the Nigerian Labour Congress and ex-General Secretary of the Organisation of African Trade Unions, Hassan Sunmonu, has criticised Nigeria’s growing dependence on loans from the ...

The World Bank is set to approve a $500m loan to Nigeria on Friday (today) as part of efforts to expand access to finance for micro, small and medium enterprises across the country. The proposed ...

The World Bank has sanctioned $830 million as loan to support the central government’s Pradhan Mantri Skilling and Employability Transformation through Upgraded ITIs (PM SETU) scheme.

The loan kicks into effect from 2021 and will be terminated in 2024. In a statement issued on Tuesday, December 15, the Bretton Woods institution said a $1.5 billion loan facility is a five-year ...

A projected deficit of $11bn, or 2.2 per cent of gross domestic product, had already risen to $15bn, or 3 per cent, due to the recent turmoil in oil markets. Media reports reveal that the Federal ...

The Government of Bangladesh and the World Bank have signed an additional financing agreement and a grant agreement amounting to a $150 million loan and a $0.75 million grant for the implementation of ...

A steep economic crisis coupled with rising inflation has made Pakistan one of the most debt-ridden countries in the world.