Outcome of CBN Meeting with IFC
Both the CBN and IFC aim to invigorate Nigeria’s banking industry by fostering the development of financial products that meet the country’s needs and catalyze the financial ecosystem.
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BoI, Katsina Earmarks N5bn For Economic Projects
The N5 billion is made up of an N1 billion managed fund and a N4 billion matching fund, where BOI and the Katsina State Government are contributing N2 billion each.
Tinubu Tasks Dev’t Financiers on Investments In Agric, Infrastructure
Nigeria holds the second-largest IFC portfolio in Africa with an active investment portfolio of $2.1 billion as of April 2024
IFC Lends Johnvents Industries $23m for Business Expansions
The Group Managing Director, Johnvents Industries Limited, John Alamu, said, “IFC’s partnership with Johnvents marks another giant step in our commitment to transform Nigeria’s cocoa sector and agriculture industry.
FirstBank Wins Asian Banker’s ‘Best SMEs Bank in Africa’
The institution’s SME customer base grew by seven percent and reached a total of more than one million.
Global public debt hits $97trn in 2023 – UNCTAD
Said the report: “The number of African countries with debt-to-GDP rations above 60 percent has increased from 6 to 27 between 2013 and 2023.
Korea Pledges $14bn Export Financing For Korean Companies in Africa
Adesina also highlighted the deep relationship between Korea and the Bank, starting from 1982 when Korea became a member of the Bank.
IFC Availing MSMEs $4bn New Financing Throu Banks, Non-bank Lenders
▪︎Makhtar Diop, Managing Director of the International Finance Corporation (IFC)
UBA Deepening African Economies in Five Top Sectors -Alawuba
So the vision of going into these countries is paying off and we will continue to invest in Africa