Rising Debt Burden: We are mindful of our borrowings, says FG

Rising Debt Burden: We are mindful of our borrowings, says FG

Posted on April 22, 2019 Authornewsheadline247

Mrs Zainab Ahmed, the Minister of Finance,  has said government borrows to deliver on its promises, it was also mindful of rising debt burden, which eats up about 25 per cent of the country’s annual earnings. Ahmed said this in an interview with the News Agency of Nigeria (NAN) on the side-line of the IMF/World

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I am ready to be World Bank President if nominated, Says Okonjo–Iweala

I am ready to be World Bank President if nominated, Says Okonjo–Iweala

Posted on January 26, 2019 Authornewsheadline247

Nigeria’s two-time Minister of Finance, Dr Ngozi Okonjo-Iweala, has said she is ready to be the president of the World Bank if she is nominated for the job. The position became vacant earlier this month after current President Jim Yong Kim’s abrupt resignation, three years ahead of schedule. Okonjo-Iweala, a former senior World Bank official, ran

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BUSINESS

World Bank president warns against investing in Bitcoin, other cryptocurrencies

February 9, 2018

Jim Yong Kim, World Bank president, says cryptocurrencies are like Ponzi schemes

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World Bank to stop financing oil, gas projects from 2019

BUSINESS, NEWS
World Bank to stop financing oil, gas projects from 2019
December 12, 2017

The World Bank will stop financing oil and gas exploration and extraction from 2019, it announced Tuesday at a climate summit seeking to boost the global economy’s shift to clean energy

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World Bank to delay details on Abacha’s loot spending

The World Bank may delay release of information on how the money recovered from the late Gen. Sani Abacha was spent.

This followed the bank’s decision to refer “portion of appeal” by Socio-Economic Rights and Accountability Project (SERAP) to the bank’s archives unit for public access.