Despite the improving revenue in the power sector, the federal government is set to effect another tariff increase on July 1, following a notice by the Nigeria Electricity Regulatory Commission, NERC, to that effect.
The World Bank has questioned the methodology employed the National Bureau of Statistics to to generate its employment statistics.
Kebbi State government has partnered with the World Bank to build modern markets and the construction of rural roads across the state.
The World Bank has finally approved Nigeria’s request for a $1.5 billion loan. The World Bank has finally approved Nigeria’s request for a $1.5 billion loan. This was announced in a statement by World Bank on Tuesday noting that the facility is a five-year Country Partnership Framework (CPF) that will last from 2021 to 2024.
The World Bank on Thursday said lower demand for crude oil may persist beyond 2021. It stated that while metal and agricultural commodities had recouped their losses from the COVID-19 pandemic and were expected to make modest gains in 2021, energy prices, despite some recovery, were expected to stabilise below pre-pandemic levels next year.