Islamic bank to Allocate $1.8bn for  Nigerian projects The Islamic Development Bank says it has approved $1.8bn to finance several key projects to help drive economic growth in the country. This was disclosed by the President of the Saudi-based bank, Dr Mohamed Jasser, at a meeting...

FG Suspends $950m Eurobond Borrowing Over Pricing   The Federal Government has shelved plans to raise about $950m selling overseas bonds, owing to unfavourable market conditions during the time frame approved for the fundraising, The Minister of Finance, Zainab Ahmed, has said. Ahmed had said in April...

Fresh World Bank, AfDB, IDB Loans May Raise Nigeria’s Debt To N31.7trn       fresh loan disbursements expected from the World Bank, African Development Bank and Islamic Development Bank may raise Nigeria’s total public debt stock to N31.699tn in coming months. Nigeria currently expects about $1.844bn (N699.1bn at...

IDB Mobilises Farmers In Kano With $95m Facility   No fewer than 1,260,000 smallholder farmers in rural areas of Kano State are expected to benefit directly from the Islamic Development Bank, under the Kano Agro-Pastoral Development Project. Kano State Governor, Abdullahi Ganduje, said this on Wednesday during...

Jaiz Bank In N6.1bn SMEs Financing Pact With IDB   Jaiz Bank Plc on Tuesday entered into a financing pact with the Islamic Corporation for the Development of Private Sector to finance the Small and Medium-sized Enterprises with N6.1bn ($20m). The ICDP is an arm of the...

Participants at the maiden Islamic Development Bank Youth Summit held on the sidelines of the 42nd Annual Meeting of the Bank in Jeddah, Saudi Arabia, have urged heads of governments of the 57 member-countries of the Bank to review and enhance the education curricula...