Ogaga Ariemu

The Washington-based World Bank has appointed Ajay Banga as its new President. The World Bank confirmed that Banga, who had a decade-long career in Mastercard, would take over from David Malpass as the next President. The development lender disclosed that Banga would pioneer the institution for five years. The World Bank said it is optimistic … Read more

President Muhammadu Buhari on Tuesday in Abuja approved the partial exclusion of the Ministry of Finance Incorporated (MOFI) from the Treasury Single Account (TSA). In a statement by Femi Adesina, Special Assistant to the President on Media and Publicity, Buhari also granted the request of the board of MOFI to charge management and transaction fees … Read more

UNHCR, the UN’s refugee agency, said it is facing a $1.5 billion funding gap for Sudan. Olga Sarrado, the UNHCR spokesperson, disclosed this recently in Geneva, Switzerland. Accordingly, Sarrado said that more than 800,000 people could flee Sudan to neighbouring countries as warring factions continue in the war-torn region, which erupted on April 15. The … Read more