World Bank – City Business News

June 3, 2026 No Responses

Customs, World Bank Group Strengthen Post Clearance Audit Capacity

The Nigeria Customs Service (NCS) has commenced a two-week Technical Assistance Mission on Post Clearance Audit (PCA) in collaboration with the World Bank Group under the Accelerated Revenue Mobilisation Reform (ARMOR) Programme, aimed at strengthening compliance management, revenue assurance, and...

April 15, 2026 No Responses

Pressure Mounts On World Bank To Halt Factory Farming Funding

By Moses Ebosele, ebosele@hotmail.com More than 30 civil society organisations have urged the World Bank Group to halt financing for industrial livestock production and redirect investments toward sustainable, small-scale food systems that safeguard people, an...

December 8, 2025 No Responses

AfDB Hosts World Bank’s Anne Bjerde In Abidjan

The President of the African Development Bank Group, Dr. Sidi Ould Tah, on Monday received the World Bank Group’s Managing Director of Operations, Anne Bjerde, and her high-level delegation at the Bank’s headquarters in Abidjan.The strategic meeting centre...

October 13, 2025 No Responses

Cardoso Leads Nigeria’s Delegation To World Bank-IMF Meeting

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso will lead Nigeria’s delegation to the World Bank and International Monetary Fund (IMF) Annual Meeting in Washington DC, which opens on Monday, October 13.Cardoso, as the alternate Governo...

June 12, 2025 No Responses

World Bank Lifts Ban On Nuclear Energy Financing

The World Bank is re-entering the nuclear energy space “for the first time in decades,” its President Ajay Banga said Wednesday, as it works towards meeting growing electricity demand in developing countries. Banga said in an email to staff that...

November 25, 2024 No Responses

Lagos Partners World Bank On Physical Development

The Lagos State Government has concluded plans to partner World Bank on the smooth implementation of its physical development plans. This was disclosed by the Commissioner for Physical Planning and Urban Development, Dr. Oluyinka Olumide at a meeting with Worl...

April 21, 2024 No Responses

Cardoso: Naira Best Performing Currency Globally

Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, on Saturday said the apex bank’s FOREX reforms have made the naira the best-performing currency globally. Cardoso, who at a briefing on the sidelines of the just-ended World Bank/IMF Spr...

January 10, 2024 No Responses

Global Economy Set For Weakest Growth Since Pandemic, Warns World Bank

The global economy is set to grow at its slowest pace since the pandemic, the World Bank has warned. It has forecast growth of just 2.4% in 2024 and stated higher interest rates were a major factor. Global trade and...

August 6, 2023 No Responses

World Bank To Fund 1,000 Solar Power Grids In Nigeria

The World Bank is aiming to help fund construction of 1,000 mini solar power grids in Africa’s biggest economy Nigeria in partnership with the government and private sector, the lender’s president Ajay Banga said on Saturday. Nigeria, with a popula...

June 6, 2023 No Responses

Edo, World Bank, NUC Strengthen Collaboration

The Edo State Government is strengthening partnerships with the World Bank and the National University Commission (NUC) to deepen accountability and transparency in public procurement in the country through capacity building. The Managing Director and Chief Ex...

February 24, 2023 No Responses

US Nominates Banga To Lead World Bank

United States President, Joe Biden has named Indian-American businessman Ajay Banga as the US pick to lead the World Bank. The move comes as the US increases pressure on the bank to put more emphasis on tackling climate change. Mr Banga....

November 22, 2022 No Responses

World Bank Urges Nigeria To Fix Public Finances

World Bank has advised Nigeria to fix its public finances as part of measures to promote inclusive and sustainable development. This is contained in the World Bank Nigeria Public Finance Review Report released on Monday in Abuja. A copy of...

August 5, 2022 No Responses

FG Partners World Bank On Land Remediation

The Federal Government is to partner World Bank to establish Agro-Climate Resilience in Semi-Arid Landscapes (ACRESAL), a programme to remediate drylands and wetlands across the country. The Minister of Environment, Alhaji Mohammed Abdullahi, said this at th...

July 17, 2022 No Responses

World Bank deploys $114.9b To Finance Global Crisis

The World Bank Group has responded to the overlapping global crises by deploying $114.9 billion in financing in 2022. In a statement on Saturday, the Bank explained that from July 1, 2021, to June 30, 2022, it responded with unprecedented scale...