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 […]
As the surging wave of the new Omicron variant of the COVID-19 pandemic continues to create new anxieties across geo-political zones globally, the Lagos Chamber of Commerce and Industry (LCCI) has canvassed the adoption of a multi pronged approach by the government to further strengthen Nigeria’s response to the pandemic, especially in view of the […]
The African Export-Import Bank (Afreximbank) and African Risk Capacity (ARC) Group have signed a Memorandum of Understanding (MoU) to jointly enhance resilience and disaster risk financing initiatives that also impacts the trade and supply chain across the continent. The purpose of this MOU is to enable joint member states to enhance disaster response and resiliency […]
New research findings have indicated that some re/insurers may discontinue their risk coverage from the property catastrophe space in 2022 due to rising frequency and severity of secondary perils that are adding pressure to margins, leading to greater diversification towards other classes of business A report by Peel Hunt, a United Kingdom-based boutique investment banking […]
New research findings have indicated that some re/insurers may discontinue their risk coverage from the property catastrophe space in 2022 due to rising frequency and severity of secondary perils that are adding pressure to margins, leading to greater diversification towards other classes of business A report by Peel Hunt, a United Kingdom-based boutique investment banking […]
A new study by investment management company, BlackRock, has reflected that re/insurers executives were increasingly concerned about the implications of climate risk, with 95% of them confirming it will have a significant impact on portfolio construction over the next two years. The latest research findings by BlackRock in its 10th Annual Global Insurance Report came […]
The French Government has hinted of its plan to invest $70 million into Nigeria’s renewable energy projects. A member of the Project and Structured Finance, Sub Sahara Africa, Access Bank, Mr Chukwudumije Igwe, made this disclosure at the Sustainable Use of Natural Resources and Energy Finance (SUNREF) Nigeria programme investor conference in Lagos. has agreed […]