COVID-19: About 40million young Nigerians will be unemployed by 2030 – World Bank report
By Bassey Udo About 40 million young Nigerians would be looking for jobs by 2030, a new World Bank survey report on the impact of the COVID-19 pandemic on the…
IMF Board clears World Bank MD of alleged manipulation of 2018 Doing Business Report
By Bassey Udo Ths Executive Board of the International Monetary Fund (IMF) on Tuesday cleared the former Managing Director of the World Bank Kristalina Georgieva, over the allegation that she…
IMF happy with G20 resolution to preserve minimum corporate tax rate for profitable firms
MEDIATRACNET The International Monetary Fund (IMF) has expressed happiness with G20’s support for the agreement on a minimum corporate tax rate for profitable companies. G20 (Group of 20) consists an 19 advanced…
Post-COVID-19 crisis: How Nigeria can raise additional N10trn from tax revenues in 3 years – World Bank
MEDIATRACNET Nigeria could raise its tax-to-gross domestic product (GDP) ratio to about 7 percent and generate an additional ₦10 trillion revenue into its coffers between 2021 and 2024 if it…
Critical reforms Nigeria requires to rein in inflation, speed up economic recovery – World Bank
MEDIATRACNET The World Bank on Tuesday highlighted steps Nigeria must take to sustain and deepen ongoing reforms undertaken by the government towards rapid economic recovery in the country. The steps…
World Bank approves $700m for water, sanitation, hygiene services in Nigeria
The World Bank has announced the approval of $700 million credit from the International Development Association (IDA) to finance the provision of water, sanitation and hygiene services in Nigeria. The…
Nigerian govt’s plan to supply off-grid electricity to 25m consumers commences, says Osinbajo
A plan by the Federal Government to deliver electricity to about 25m Nigerians whose communities are not connected to the national grid has commenced in Jigawa State. Vice President Yemi…
DBN loan disbursements surge 89% in 2020 – Financial report
The volume of loans disbursed by the Development Bank of Nigeria Plc in 2020 witnessed a surge of about 89 percent, its recent annual financial report has revealed. The report…
WTO DG: Okonjo-Iweala thanks Nigerians; pledges support to diversify economy
The newly appointed director-general of the World Trade Organization (WTO), Ngozi Okonjo-Iweala on Monday thanked all Nigerians for the overwhelming support she received that culminated in her appointment on March…
U.S. turns full circle, supports Nigeria’s Okonjo-Iweala as DG WTO
The United States government on Thursday turned full circle from its previous position to endorse Nigeria’s former Finance minister and one-time Managing Director (Operations) of the World Bank, Ngozi Okonjo-Iweala…