World Bank News – Page 6 of 9 – Prime Business Africa

UPDATED: IMF, World Bank Warn CBN On Naira Transition Timeframe

The International Monetary Fund (IMF) and the World Bank have cautioned the Central Bank of Nigeria (CBN) over its handling of the transition from the old Naira to new banknotes. Nigeria’s financial

Fakoyejo Olalekan

2 years ago

Business·Currency

BDC Operators Offer To Buy Dollar At N730 To Entice Official Market Traders

The exchange rate between the dollar and naira continues to sell above N700 in the black market, as demands for foreign exchange switched to the parallel market due to the Christmas holiday

Fakoyejo Olalekan

2 years ago

Naira Gains More As Exchange Rate Drops To N1,300/$1 At Official Market

Business·Currency

Dollar Goes For N740 In Black Market, Maintains N200 Above Official Forex Rate

As Nigerians celebrate the yuletide period, the dollar rate remains at a premium in the black market, as the naira exchanged at N740/$1 on Tuesday. The exchange rate between the naira and

Fakoyejo Olalekan

2 years ago

CBN Releases Another Around Of $10,000 FX To Each BDC, Mandates Them To Sell At N1,117/$1

Business

CBN’s $200 Billion FX Repatriation Programme Worsening Nigeria’s Problem – World Bank

The World Bank said the ‘Race to US$200 Billion In FX Repatriation (RT200 FX)’ Programme of the Central Bank of Nigeria (CBN) has worsened Nigeria’s foreign exchange (forex/FX) problem. Recall that the

Fakoyejo Olalekan

2 years ago

Nigeria’s Minimum Wage Now N19,355 – World Bank Says, Reveals Factors Hindering Growth

Business·Latest News

INFLATION: Nigeria’s N30k Minimum Wage Now Worth N19,355 – World Bank

Nigeria’s poverty population has risen by 5 million in 2022, the World Bank’s Chief economist, Alex Sienaert, has revealed, blaming rise in inflation rate which has reduced the value of minimum wage

Fakoyejo Olalekan

2 years ago

Naira Depreciates To N1,542 Per Dollar At Official Market

Business·Currency·Insights

CBN Sells $9.4 billion Forex In 6 Months To Control Dollar Rate

In the first half of 2022, the Central Bank of Nigeria (CBN) sold $9.4 billion to the foreign exchange market to control dollar rate, despite international creditors advising against such intervention. Why

Fakoyejo Olalekan

2 years ago

Governor of Nigerias Central Bank Godwin Emefiele

Business

CBN’s Emefiele Defends Rising Debt Under Buhari, As World Bank Ranks Nigeria Fourth Chronic Debtor

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has defended the rising debt under President Muhammadu Buhari, stating that borrowing is an essential part of running a government. Emefiele

Fakoyejo Olalekan

2 years ago

Business

World Bank Makes Terrifying Revelation About Nigeria’s Economy Under Buhari

Nigeria Is facing an existential threat, the World Bank has warned. The international financial body said the country has revenue problem, and its failure will have a significant impact on Africa’s economy.

Fakoyejo Olalekan

2 years ago

Business

Peter Obi Sends Warning To Pres. Buhari Over Debt Ahead Of 2023 Election

The Presidential candidate for Labour Party in the coming 2023 election, Peter Obi, has frowned against the continous borrowing of President Muhammadu Buhari for consumption. Obi said its time for Buhari’s administration

Fakoyejo Olalekan

2 years ago

Creditors Ignore Nigerian Gov’t’s Loan Request After Buhari Seek Debt Cancellation

Business

Nigeria Rises On List Of World’s Chronic Debtors

The World Bank has revealed that Nigeria is fourth on the world’s debtor list, after releasing its Fiscal Year 2022 International Development Association (IDA) financial statements. Nigeria rose from fifth place to

Fakoyejo Olalekan

2 years ago

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World Bank News - Page 6

UPDATED: IMF, World Bank Warn CBN On Naira Transition Timeframe

BDC Operators Offer To Buy Dollar At N730 To Entice Official Market Traders

Dollar Goes For N740 In Black Market, Maintains N200 Above Official Forex Rate

CBN’s $200 Billion FX Repatriation Programme Worsening Nigeria’s Problem – World Bank

INFLATION: Nigeria’s N30k Minimum Wage Now Worth N19,355 – World Bank

CBN Sells $9.4 billion Forex In 6 Months To Control Dollar Rate

CBN’s Emefiele Defends Rising Debt Under Buhari, As World Bank Ranks Nigeria Fourth Chronic Debtor

World Bank Makes Terrifying Revelation About Nigeria’s Economy Under Buhari

Peter Obi Sends Warning To Pres. Buhari Over Debt Ahead Of 2023 Election

Nigeria Rises On List Of World’s Chronic Debtors

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