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Nigeria spent N7.7 trillion on debt interest in six months, 124% of its revenue, World Bank says

Nigeria spent N7.7 trillion on interest in the first half of 2026, equal to 124.2% of its N6.2 trillion revenue, according to the World Bank.
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Nigeria opens 2026 licensing round with 40 oil blocks as output hits 1.82 million barrels a day

Nigeria has launched its 2026 oil licensing round, offering 40 blocks across land, shallow water and deepwater, as crude and condensate output rises to 1.82 million barrels a day.
Business

World Bank Approves $500 Million Loan for Nigeria’s Economic Resilience

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

World Bank Approves $1.57 Billion to Boost Human Capital in Nigeria

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
News

World Bank Blacklists 58 Nigerian Entities Over Corruption Allegations

The World Bank has taken decisive action against corruption by blacklisting 58 Nigerian companies and individuals implicated in fraudulent practices. This move underscores the global commitment to combatting corruption and promoting transparency in financial transactions.
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World Bank’s Fuel Price Hike Advice Sparks Outrage in Nigeria

World Bank advises higher fuel prices in Nigeria, facing opposition amidst economic challenges and President Tinubu's recent subsidy removal
News

World Bank Warns of Debt Crisis for Poor Nations

  The World Bank has issued a stark warning that the poorest countries in the...
News

Nigeria’s Poverty Rate Soars Despite Economic Reforms

Nigeria, Africa's largest economy, is facing a paradox. On one hand, the government has...
News

Nigeria Receives $300 Million from World Bank for Social Safety Net

Nigeria has received $299.99 million from the World Bank as part of a loan...
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Nigeria spent N7.7 trillion on debt interest in six months, 124% of its revenue, World Bank says

Nigeria spent N7.7 trillion on interest in the first half of 2026, equal to 124.2% of its N6.2 trillion revenue, according to the World Bank.
News

Nigeria opens 2026 licensing round with 40 oil blocks as output hits 1.82 million barrels a day

Nigeria has launched its 2026 oil licensing round, offering 40 blocks across land, shallow water and deepwater, as crude and condensate output rises to 1.82 million barrels a day.
News

“Even a pregnant woman suffers”: Ogun’s Oke Sefu residents beg Gov. Abiodun to fix flooded, pothole-ridden road

Residents of Oke Sefu community in Ibafo, Ogun State, are appealing to the state government to repair a flooded, pothole-ridden access road that has disrupted livelihoods.
News

Dangote refinery cuts off petrol sales to fuel importers over “blending” of Euro-5 product with imported grades

Dangote Petroleum Refinery has stopped selling petrol to marketers who import fuel, accusing them of blending its Euro-5 product with lower-quality imported grades.