The World Bank has said that multiple exchange rates, trade restrictions, and the financing of the public deficit by the Godwin Emefiele-led Central Bank of Nigeria (CBN) continues to damage the business environment. The World Bank made the disclosure in…
FirstBank, driving dollar remittances, economic growth via IMTOS -Chinwendu Obienyi
For centuries, there have been heated debates over the sources of economic growth in developing economies and why some countries reflect strong economic growth compared to others. The hypotheses have often centred around crude oil, agriculture, revenues, private capital, bubbling stock…
Students risk losing $17trn in lifetime earnings to COVID-19 – Report
The World Bank-UNESCO-UNICEF report has laid out the magnitude of the education crisis, stating that present generation of students now risk losing $17 trillion in lifetime earnings in present value, or about 14 per cent of today’s global GDP as…
First woman, first African: Nigeria’s Okonjo-Iweala set to be named WTO boss
Nigeria’s Ngozi Okonjo-Iweala looks set to be confirmed Monday as the first woman and first African leader of the beleaguered World Trade Organization, a near-paralysed institution desperately needing a kick-start. The WTO has called a special general council meeting at…
World Bank approves $1.5bn loan for Nigeria
The World Bank has approved Nigeria’s request for a $1.5 billion loan. The bank said the facility was prepared jointly with the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA). “This country partnership framework will guide our…
ACE Impact holds fall 2020 virtual workshop from October 19 – 27, 2020
The fourth biannual Regional Workshop of the Africa Higher Education Centres of Excellence for Development Impact (ACE Impact) will take place from October 19-27, 2020. The ACE Impact Fall 2020 workshop will hold in the virtual space due to restrictions…
Sanwo-Olu, World Bank, others urge inclusion for persons with disabilities (Nation)
Wife of the Lagos State governor, Dr Ibijoke Sanwo-Olu, international development partners, including the World Bank, United Kingdom (UK) Department for International Development (DFID), have restated their commitment to mainstreaming inclusion for Persons with Disabilities (PWDs). They spoke at the…
*LASU student, others shoot man in his manhood (Punch) *PDP ignores court order, holds election in Lagos (DailyTrust)
LASU student, others shoot man in his manhood (Punch) An undergraduate of the Lagos State University, Shittu Saheed, was on Wednesday arraigned before the Lagos State Special Offences Court in Ikeja for armed robbery and allegedly shooting one Oke Oscar…
Ekeh, Zinox boss, intervenes in Imo State with N1.5b
Chairman, Zinox Group, Leo Stan Ekeh, has declared a three-year interest free loan of N1b to petty traders and small and medium businesses in Imo State. Ekeh, a native of Imo State, disclosed the intervention is to reduce hardship, stimulate…
Nigeria’s fuel subsidy not helping the poor — World Bank (Punch)
The Vice President for Sustainable Development, World Bank, Laura Tuck, has warned Nigeria and other countries paying subsidies on fossil fuels to desist from it as such practice was not in favour of the poor. Tuck made this known at…
