Thursday, 10 December 2020

$1.5bn COVID-19 loan: World Bank insists on currency reform



World Bank needs Nigeria to strengthen reforms of its currency, the naira, before it can approve a $1.5 billion loan, its country director said yesterday. Nigeria needs the support to survive low oil prices and make it through the economic shock of the COVID-19 pandemic. “We recognise how much Nigeria has done,” Shubham Chaudhuri, the World Bank’s Nigeria […]

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