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World Business Report

BBC World Service

Business, Business News, News & Politics

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Business News 25
Business 197

The latest business and finance news from around the world from the BBC

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Nigeria asks for World Bank loan

February 1st, 2016

Episode 625 of 892 episodes

Nigeria has confirmed it's held talks with the World Bank about a multi-billion dollar loan, in the latest sign of the country's deepening economic crisis. Africa's largest economy is facing a budget shortfall of fifteen billion dollars this year thanks, in large part, to the collapse in the oil price. We get the latest from the Reuters Correspondent in Lagos, Alexis Akwagyiram. Also, police in China have arrested twenty one employees at China's largest online finance business in what's thought to be the country's biggest ever financial fraud. Plus we take a look at the state of the Google empire, ahead of the release of the company's latest results. And we hear from the BBC's Phil Mercer in Australia, where demonstrators are protesting against a proposed 'coal seam gas' development near the farming town of Narrabri, New South Wales.

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