AFRICAReports Health News & Reports

Afreximbank, ITFC Partner to Create Standards Ahead of AfCFTA

The African Export-Import Bank (Afreximbank) and the International Islamic Trade Finance Corporation (ITFC) have said that they have partnered with the African Organisation for Standardisation (ARSO) to launch a new Arab-Africa Trade Bridges Program (AATB) initiative called the Harmonisation of Standards for Pharmaceutical and Medical Devices in Africa. The partnership is expected to promote the …read more →

Agriculture Banking and Finance News & Reports

CBN Nudges Banks to Increase Loans to Agricultural Sector

The Central Bank of Nigeria (CBN) has said that the best way to boost food production in the country is for banks to increase lending to the agricultural sector to 10% within the next four years. According to the Governor of the Bank, Godwin Emefiele, who spoke at the 13 banking conference in Abuja organized …read more →

AFRICAReports Banking and Finance News & Reports

IMF Approves Over $15 Bn for Africa’s Recovery …says continent needs more + reforms

The IMF has approved more than $15 billion in financial assistance and debt-service relief to sub-Saharan African countries to offset the impact of the pandemic and “certainly will be doing more in the years ahead. The International Monetary Fund (IMF) has said that Sub-Saharan Africa will need hundreds of billions of dollars and reforms that …read more →

Banking and Finance News & Reports

Taraba State Governor’s Wife Commends Fidelity Bank on Free Medical Outreach

Wife of Taraba State Governor, Anna Darius Ishaku has commended Fidelity Bank Plc for providing a three-day free medical outreach to 829 Internally Displaced Persons (IDPs) in Kona community, Jalingo Taraba State, as part of its Corporate Social Responsibility (CSR) initiatives. The Hope Afresh Foundation organised the outreach in collaboration with employees of the bank …read more →

Agriculture News & Reports

UNFAO, Cross River partner to boost agrotech capacity in MDAs

The United Nations Food and Agricultural Organisation (FAO) and the Cross River State government have agreed to a partnership that would result in agricultural and ICT  training for staff based in major ministries, departments and agencies in the state. The agreement was finalised after a meeting by representatives of both parties, which included Asibong Inyang, …read more →

Economy Infrastructure News & Reports

Our Focus is to Increase Opportunities for Quality Infrastructure Delivery to Nigerians – Buhari

President Muhammadu Buhari Monday has assured Nigerians of the willingness and determination of the Federal Government to provide stable electricity to every home and industry, while considering the economic challenges before individuals, families and businesses, explaining that “implementation of a Willing buyer, Willing Seller Policy for the power sector has opened opportunities for increased delivery …read more →

Infrastructure News & Reports

Buratai Commends Army Engineering Corp on Infrastructure Development

The Chief of Army Staff, Lt. General Tukur Buratai, has commended the Nigeria Army Engineering Construction Regiment, Ede for playing an important role in the infrastructural and economic development of the country. Buratai spoke in Kuta, Osun state, during the commissioning of the bridge named after him constructed by the Nigeria Army Engineering Construct Regiment, …read more →

AFRICAReports Infrastructure Financing News & Reports

AfDB to Develop PPP Framework for Infrastructure Development in Africa

The African Development Bank (AfDB), has begun developing a Public-Private Partnership (PPP) framework to strengthen support for PPPs and enhance economic and social infrastructure development in the continent. According to a statement from AfDB, representatives of the bank, Development Finance Institutions (DFIs), private sector, and professional associations made this known in a virtual meeting hosted …read more →

ENERGY Infrastructure Financing News & Reports Power

CBN Creates Intervention Fund for Solar Energy Infrastructure Development

The Central Bank of Nigeria (CBN) said it has introduced an intervention fund to support the growth of solar energy development in the country in line with government policy to boost power supply. The regulatory bank in its guidelines on the Solar Connection Intervention Facility said that the move was to complement the Federal government’s effort …read more →

Housing Infrastructure News & Reports

FG, Lagos Move to Restore Festac Master Plan & Infrastructure

The Federal Government and Lagos State Government have found a common ground to jointly confront the inordinate property development and facility deficit in Festac Town – a Federal Housing Estate situated in Amuwo-Odofin area of the State. The resolve by the two parties to address degeneration of infrastructure in the estate was the outcome of …read more →