•Falana, SAN Human rights lawyer, Femi Falana, has accused the federal government of pandering to the whims and caprices of the International Monetary Fund (IMF) and the World Bank following a hike in electricity tariff. Falana claimed that the move is a policy imposed on the Nigerian government by the Bretton Wood institutions. “The Honourabl...
•Finance Minister Wale Edun The Federal Government of Nigeria has announced its qualification for a loan from the World Bank, totaling $2.25 billion. The federal government of Nigeria has announced its qualification for a loan from the World Bank, totaling $2.25 billion. Wale Edun, the finance minister, unveiled this milestone during a joint p...
The World Bank, yesterday, said that Nigeria’s inflation rate will remain high at 24.8 percent year-on-year, YoY, in 2024. The World Bank’s projection, however, is lower than February 2024 inflation, which stood at 31.7 percent. The World Bank also reaffirmed its projection of 3.3 percent economic growth for the country in 2024 and reduced its...

