The World Bank Group has disclosed that Nigeria and 19 other countries benefitted about $2.69bn from the guarantees issued under the COVID-19 Fast Track Facility between 2020 and 2021. The Breton Woods institution made the disclosure in one of its newly published FY21 Multilateral Investment Guarantee Agency’s (MIGA’s) financial statement. It listed other beneficiaries of […]
International Finance Corporation (IFC), the private sector lending entity in the World Bank Group, has invested $10 million in FintechOS, as part of its support for the European startup’s low-code approach as a way to boost financial inclusion globally. According to news reports, the investment is part of the previously announced $60 million Series B […]
As emerging markets around the world continue their recovery from Covid-19, a report by Oxford Business Group, a leading economic research organization, has indicated that the substantial drop in global remittances to Sub-Saharan Africa (SSA), is largely attributable to diversion of Nigeria’s foreign exchange inflows to informal, undocumented channels This is even when remittances are […]
The Federal Government and multilateral donor agencies are expected to sign three key transmission projects deals worth $956 million to be executed by the Transmission Company of Nigeria under its national grid expansion plan before this month ends. Already, a meeting had been held between the TCN and representatives of the multilateral donor agencies in […]