World Bank News - BenriNews

World Bank

SERAP Demands NNPCL Account for Missing N500 Billion Oil Revenue

Politics

| 19-05-2025

SERAP Demands NNPCL Account for Missing N500 Billion Oil Revenue

SERAP has called on NNPCL's CEO to explain the whereabouts of N500 billion unremitted to the Federation Account between October and December 2024, as revealed by the World Bank.

World Bank Reveals NNPCL Failed to Remit N500 Billion to Federation Account in 2024

Business

| 17-05-2025

World Bank Reveals NNPCL Failed to Remit N500 Billion to Federation Account in 2024

The World Bank has disclosed that NNPCL remitted only 50% of revenue gains from fuel subsidy removal to Nigeria's Federation Account, leaving N500 billion unaccounted for in 2024.

CBN Governor Cardoso Urges Nigerians to Read More Economic Policy Documents

Business

| 17-05-2025

CBN Governor Cardoso Urges Nigerians to Read More Economic Policy Documents

Central Bank of Nigeria Governor Olayemi Cardoso has expressed concern that Nigerians don't read enough, particularly economic policy documents that could provide valuable insights into the

World Bank, Nigerian Government Clash Over 2025 Budget Assumptions

Business

| 17-05-2025

World Bank, Nigerian Government Clash Over 2025 Budget Assumptions

The World Bank has described Nigeria's 2025 budget assumptions of 2.1 million barrels per day oil production and $73 per barrel price as ambitious, while the government defends its projectio

World Bank Questions Nigeria's N54.9tn 'Miracle Budget' as Joe Abah Raises Concerns

Politics

| 17-05-2025

World Bank Questions Nigeria's N54.9tn 'Miracle Budget' as Joe Abah Raises Concerns

Former Bureau of Public Service Reforms DG Joe Abah supports World Bank's criticism of Nigeria's 2025 budget, calling it 'miracle budgeting' due to unrealistic oil production and inflation t

World Bank: Nigerian Economy in Good Shape with 3.4% Growth Despite Hardship

Business

| 17-05-2025

World Bank: Nigerian Economy in Good Shape with 3.4% Growth Despite Hardship

The World Bank reports Nigeria's economy grew by 3.4% in 2024, the highest since 2014, despite persistent inflation. Acting Country Director praises reforms while acknowledging ongoing chall