Energy economist Prof. Ken Ife on Monday rejected World Bank fuel importation recommendations in its latest Nigeria Development Update, warning they violate the Petroleum Industry Act and undermine Nigeria's push for energy self-reliance.

FG domestic borrowing reached N8.1 trillion in the first quarter of 2026, a 7.4 percent year-on-year rise that already overshoots the quarterly benchmark the 2026 Appropriation Act implies.

Nigeria's poverty rate climbed to 63 percent in 2025 even as inflation declined sharply, the World Bank said in its April 2026 Nigeria Development Update.

The World Bank has approved $500 million in Nigeria agriculture funding through its International Development Association arm, backing the AGROW project to boost smallholder productivity, strengthen market linkages and improve food security.

KEY POINTS The World Bank warns that 1.2 billion young people will enter the...

The federal government extends its cash transfer expansion to more Nigerians, targeting vulnerable households amid economic hardship.

IMF praises Nigeria’s economic reforms but warns that debt costs, fiscal pressures, and oil volatility could threaten recent recovery gains.

The World Bank urged Nigeria to channel reform gains into real welfare improvements, as 139 million citizens still live in poverty.

SERAP has asked the Nigerian National Petroleum Company Limited to account for a missing N500 billion and involve anti-corruption agencies in investigating the matter, citing a World Bank report.

KEY POINTS Aliko Dangote has been appointed to the World Bank’s Private Sector Investment...

KEY POINTS $500 million approved for Nigeria’s economic resilience program, targeting food security and...

The World Bank has approved $1.57 billion to boost human capital in Nigeria, focusing on improving healthcare for women, children, and adolescents, and enhancing climate resilience