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WORLD BANK
The World Bank Group says it is helping mobilise up to $5.79 billion in private financing for Nigeria in fiscal year 2026, with one of its major programmes expected to support about 850,000 direct and indirect jobs.
Interest payments on public debt exceed government spending on health and/or education in nearly four-fifths of sub-Saharan African countries, as high debt-servicing costs continue to constrain public finances across the region, according to the World Bank.
State government revenues in Nigeria rose by 93% in real terms between 2023 and 2025, while expenditure increased by 92%, as higher public receipts supported an expansion in capital spending, according to the World Bank.
Nigeria’s external debt stock increased to $54.52 billion as of June 30, 2026, up from $51.90 billion at...
The naira was among Africa’s most resilient currencies in the second quarter of 2026, with its maximum depreciation capped at 2.6% despite widespread exchange rate pressures across the continent.
Sub-Saharan Africa’s per capita GDP growth is projected to rise to 1.8% in 2026, but nearly half of the region’s population is still expected to live in poverty, with the poverty rate projected at 47.8%.
The World Bank has raised its 2026 economic growth forecast for Sub-Saharan Africa by 0.3 percentage points to 4.3%, reflecting stronger-than-expected performance across several economies in the region.
The World Bank has raised Nigeria’s 2026 economic growth forecast to 4.3% from 4.0% in 2025, with growth...
The Federal Government and the World Bank have expanded the Livestock Productivity and Resilience Support Project (L-PRES) to 10 additional..
Nearly 8.3 million refugees and other forcibly displaced people are currently at risk of losing access to vital assistance from the United Nations refugee agency as severe funding cuts push protection services towards breaking point.
A World Bank and UNICEF report has revealed that despite global progress in reducing extreme child poverty, Sub-Saharan Africa has recorded no improvement in the last decade, with over half of children in the region still living below the poverty line.
UAC of Nigeria Plc began its 2025 financial year on a mixed note, reporting a pre-tax profit of N11.1 billion for the first half ended June 2025, 25% lower than the N14.95 billion posted in the same period last year.