House of Representatives Ad-Hoc Committee on Investigation of Operations of Real Estate Developers in the Federal Capital Territory (FCT), has threatened to sanction real estate developers for alleged violation of laid down rules and procedures guiding real estate business in the FCT. The threat was made after the members of the Committee had conducted oversight […]
The Board of Directors of the African Development Fund (ADF), the concessional financing window of the African Development Bank Group (AfDB), has approved a $27.39 million grant to Ghana for the development of renewable energy investments in the mini grid and net metering space. Specifically, the project involves the development of 35 mini grids, standalone […]
The National Agency for Food and Drug Administration and Control (NAFDAC) has called for more funding into research and development of herbal medicines to support universal health coverage in the country. Director-General of the agency, Prof. Mojisola Adeyeye, made the call at the Inaugural Symposium and Launching of the Africa Centre of Excellence for Drug […]
The Board of Directors of the African Development Bank (AfDB) has approved a $10 million grant from the Green Climate Fund, for which the Bank is the accredited agency, to improve Liberia’s early warning weather systems. In addition to the grant, the project will also receive $431,969 from the Bank’s ClimDev Africa Special Fund and […]
The National Agency for Food and Drug Administration and Control (NAFDAC) has banned the registration of alcohol drinks in sachets, small volume PET and glass bottles below 200ml. A statement signed by the agency’s Director General, Prof Mojisola Adeyeye, on the ban indicated that “the registration of new alcoholic drinks in sachets and small volume […]
The European Union’s (E.U’s) planned climate change legislation on Monday has continued to elicit reactions from an alliance of airlines and airports which called for changes to the proposed legislation, claiming that if enacted it in its present form it will make them less competitive with non-European competitors. It would be recalled that the EU […]
BudgIT, a civic-tech organization leading the advocacy for transparency and accountability in Nigeria’s public finance system, has called on the citizens, CSOs, private sector, and the international community to urgently prevail on the National Assembly and Presidency to urgently amend and eliminate all loopholes in FG’s 2022 Approved Budget. The civil advocacy organisation reported that […]
The Philippines Government may have alerted the World Bank on plans to draw from a $500 million catastrophe contingent line-of-credit it can receive through its Catastrophe-Deferred Drawdown Option arrangement, dubbed the CAT-DDO 4. The Philippines government had in November signed up to the $500 million catastrophe contingent line-of-credit. The financing facility is designed to provide […]
Results from a new study by AXA, one of the global one of the world leading insurance and asset management groups serving over 100 million clients, indicated that 60% of risk managers fear that certain geographies or activities will become uninsurable in future due to the impact of climate change. AXA, in its latest its […]
The World Bank Group Board has approved a $700 million credit from the International Development Association (IDA) for the Nigeria Agro-Climatic Resilience in Semi-Arid Landscapes (ACReSAL) Project. The Breton Woods institution in a statement indicated that the project would increase the implementation of sustainable landscape management practices in northern Nigeria and strengthen the country’s long-term enabling […]