IFC $50m Fund to Attract Global Investment - Tinubu President Bola Tinubu on Wednesday commended the International Finance Corporation for its recent $50m equity investment in the Lagos Free Trade Zone. He described this as a symbol of the growing trust of global financial institutions in...

CBN, IFC Agree on $1bn Investments in Major Sectors   The International Finance Corporation (IFC) a member of the World Bank Group, and the Central Bank of Nigeria (CBN) have announced an agreement to scale up local currency financing, unlocking over $1bn in investments across key...

IFC Commits $23.3m to Cocoa Sector Devt in Nigeria as Tinubu Asks for more Investments in Africa  President Bola Tinubu on Thursday in Abuja called on international development financiers to see Africa as a destination for growth and prosperity. Speaking at a meeting with a delegation...

IFC Set to Onboard BoI, Others for Long-term, Low Interest Financing The International Finance Corporation (IFC) is set to onboard the Bank of Industry (BoI) and some Deposit Money Banks (DMBs) and corporates to enable them access long term, low interest funding to support Nigeria’s...

Nigeria, Others Named IFC’s Biggest Debtors – Report Nigeria, the most populous country in Africa, ranked among the top 10 debtors on the list of the International Finance Corporation in fiscal year 2023. IFC disclosed this in its full-year financial report for 2023. Nigeria appeared in the...

World Bank Approves $1.5bn for Nigeria to Reduce Poverty, COVID-19 Response The World Bank Group through its New Country Partnership Framework with Nigeria has approved $1.5 billion for social protection and strengthening state-level COVID-19 response Nigeria is at a critical position now with the sharp fall...