June 26, 2024
Loans

Nigeria bets on a new $2.25B World Bank loan to support reforms that have resulted in hardship

ABUJA, Nigeria (AP) — The World Bank has approved a $2.25 billion loan for Nigeria to shore up revenue and support economic reforms that have contributed to the worst cost-of-living crisis in many years for Africa’s most populous country. The bank said in a statement late Thursday that the bulk of the loan — $1.5

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