World Bank Raises Concern Over $32 Million ‘Unaccounted’ Funds In Nigeria’s Water Project …C0NTINUE READING HERE >>> The World Bank has raised concerns over $32m in unaccounted funds from a Nigerian water sector project, sparking fears of embezzlement and mismanagement. According to the FY2024 Sanctions System Annual Report, the Bank’s Integrity Vice Presidency (INT) discovered … Read more
Global commodity prices set to fall …C0NTINUE READING HERE >>> The World Bank has projected energy prices to drop by six percent in 2025, and an additional two percent in 2026. Also, it said that global food prices are set to fall nine percent this year, and an additional four percent in 2025 … Read more
Economist warns FG against World Bank, IMF …C0NTINUE READING HERE >>> The Chief Economist at SPM Professionals, Paul Alaje, has called on the Federal Government to be careful with advice given by global financial institutions like the World Bank and the International Monetary Fund (IMF). He made the call during an interview on … Read more
NLC condemns World Bank’s call for Tinubu to continue reforms …C0NTINUE READING HERE >>> The Nigerian Labour Congress (NLC) has called on President Bola Tinubu to reject the World Bank’s advice regarding the country’s ongoing economic reforms. The financial institution had recently advised Tinubu not to reverse the reforms despite the widespread hardship across the … Read more
World Bank Says Naira Is Among Worst Performing Currencies in Africa …C0NTINUE READING HERE >>> According to the World Bank, Naira is among Africa’s worst-performing currencies. Newsone Nigeria reports that Nigeria’s official legal tender, the Naira is among the worst-performing currencies in sub-Sahara Africa at the end of August 2024. This online news platform understands that … Read more