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International Finance Corporation

The World Bank on Thursday announced it selected former Senegal finance minister Makhtar Diop to lead the agency responsible for private sector finance at a critical time for the global recovery.

World Bank names former Senegal finance minister to head IFC

The World Bank on Thursday announced it selected former Senegal finance minister Makhtar Diop to lead the agency responsible for private sector finance at a critical time for the global recovery.
Pan-African banking conglomerate, Ecobank Transnational Incorporated, has announced the appointment of an independent of non-executive director, Hervé S. Assah.

Ecobank appoints new director

Pan-African banking conglomerate, Ecobank Transnational Incorporated, has announced the appointment of an independent of non-executive director, Hervé S. Assah.
A man is silhouetted against the logo of the World Bank at the main venue for the International Monetary Fund (IMF) and World Bank annual meeting in Tokyo. REUTERS-Kim Kyung-Hoon

World Bank approves $1.5 billion loan for Nigeria

“This country partnership framework will guide our engagement for the next five years in supporting the government of Nigeria’s strategic priorities by taking a phased and adaptive approach,” Shubham Chaudhuri, World Bank country director for Nigeria said.
The World Bank on Friday announced the appointment of Cyndo Obre as the new International Finance Corporation (IFC) representative in Benin.

World Bank appoints new head of IFC in Benin

The World Bank on Friday announced the appointment of Cyndo Obre as the new International Finance Corporation (IFC) representative in Benin.
A man is silhouetted against the logo of the World Bank at the main venue for the International Monetary Fund (IMF) and World Bank annual meeting in Tokyo. REUTERS-Kim Kyung-Hoon

World Bank-IMF annual meetings in Morocco postponed until 2022

The Annual Meetings of the World Bank Group and the International Monetary Fund (IMF) scheduled to take place in Marrakesh, Morocco, in October 2021 has been postponed by 12 months until 2022 due to the COVID-19 pandemic.
A man is silhouetted against the logo of the World Bank at the main venue for the International Monetary Fund (IMF) and World Bank annual meeting in Tokyo. REUTERS-Kim Kyung-Hoon

World Bank, IMF charged on economic transformation

The Development Committee of the World Bank Group (WBG) and International Monetary Fund (IMF) for Annual Meetings 2020 has called on the multilateral organisations to support and accelerate a resilient recovery centered on jobs and economic transformation.
Zainab Ahmed, the minister of finance, budget and national planning, says state and local governments share some of the responsibility to fix roads in Nigeria.

Nigeria seeks global support to upgrade African digital space

Nigeria, on behalf of Angola and South Africa Constituency, has called for global solidarity in upgrading the digital space in Africa so that the continent can benefit from new jobs.
President of the UN General Assembly, Amb. Tijani Muhammad-Bande

Tijani Muhammad-Bande successfully served at most trying time – UN chief

UN Secretary-General Antonio Guterres said Nigeria’s Amb. Tijani Muhammad-Bande was the miracle needed by the General Assembly to deliver on its mandate in the face of COVID-19.

DMO: Nigeria owes World Bank N3.96 trillion

Nigeria’s highest external debt stock to a multilateral or bilateral financial institution is its $10.46bn (N3.965tn at the official rate of N379/$) indebtedness to the World Bank Group, latest figures from the Debt Management Office have shown.
Aigboje Aig-Imoukhuede, in collaboration with the Private Sector Health Alliance of Nigeria (PSHAN) have unveiled a new initiative geared towards significantly improving Nigeria’s healthcare system at the grassroots level.

PSHAN, Aigboje Aig-Imoukhuede kick off design phase of PHC adoption programme

Aigboje Aig-Imoukhuede, in collaboration with the Private Sector Health Alliance of Nigeria (PSHAN) have unveiled a new initiative geared towards significantly improving Nigeria’s healthcare system at the grassroots level.
A man is silhouetted against the logo of the World Bank at the main venue for the International Monetary Fund (IMF) and World Bank annual meeting in Tokyo. REUTERS-Kim Kyung-Hoon

World Bank: Coronavirus crisis could push over 60 million people into extreme poverty

The World Bank Group has again raised an alarm that the growing impact of the coronavirus pandemic on the global economy and shutdown of many advanced economies could push as many as 60 million people into extreme poverty.
A man is silhouetted against the logo of the World Bank at the main venue for the International Monetary Fund (IMF) and World Bank annual meeting in Tokyo. REUTERS-Kim Kyung-Hoon

World Bank moving forward on first $1.7 billion in virus aid projects

The World Bank’s executive board is expected to consider later this week the first fast-track funds to help Afghanistan and Ethiopia respond to the coronavirus pandemic, the Bank’s president said on Sunday.
The African Development Bank, AfDB, says it has approved a 70 million dollar loan for a road project in Ebonyi. The bank said on its website on Friday that it would provide $40 million, while its co-financier, the Africa Growing Together Fund (AGTF), would contribute $30 million for the project.

Nigeria partners AfDB for special agro-industrial processing zones

The African Development Bank, AfDB, in collaboration with the government of Nigeria, has held a meeting with stakeholders to discuss details around Special Agro-Industrial Processing Zones in Nigeria.
World Bank Group President David Malpass

World Bank: Development partners pool $53 billion to fight poverty in Africa

A coalition of global development partners has announced $82 billion commitment for the International Development Association (IDA), the World Bank’s fund for the poorest, to maintain momentum in the fight against extreme poverty.

Governor Ikpeazu secures $430 million deal for Enyimba Economic City

Abia State Governor, Dr. Okezie Ikpeazu, has secured the go-ahead of the African Development Bank (AfDB), private investors and other multilateral financial institutions for the investment of $430 million to fast-track the development of Enyimba Economic City (EEC).
Ekiti State Governor Kayode Fayemi

Governor Fayemi: We can do away with Senate

Kayode Fayemi, the governor of Ekiti state, says Nigeria can scrap the senate as all the country really needs is a unicameral legislature.

World Bank, IFC agree to support federal government

The World Bank Group and the International Finance Corporation (IFC) have promised to continue to support Nigeria in bridging its infrastructure gap.
Kobo360

Logistics start-up Kobo360 secures $30 million funding

Kobo360, the digital technology platform disrupting African third-party logistics, has announced that it has secured a total of $30 million funding to expand its operations across Africa and other emerging markets.

MTN appoints ex-minister, ex-revenue chief, ex-NBA president as board members

Telecommunications firm, MTN, has notified the Nigeria Stock Exchange of a substantial change in its board structure. Pioneer board chair, Pascal Dozie, is stepping down along with five other directors.
Seyi Makinde

Oyo government appoints Due Process chief

The Oyo State Government has named Ms. Tara Adefope as the Director General of Due Process Office.

Expert: Gender balance essential for economies, communities to thrive

Collective action and shared responsibility for driving a gender-balanced world has been described as essentials tools for economies and communities to thrive

Official: First Bank’s mobile money 22,000 agents process over $490 million transactions monthly

First Bank of Nigeria has said that its efforts to deepen financial inclusion in Nigeria has grown its network of mobile money agents to over 22,000 agents.

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Governor Seyi Makinde of Oyo State, on Wednesday, declared that starting from next year, the government would declare Hijrah holiday in line with the yearnings of the Muslim community in the state.

Oyo governor to declare Hijrah holiday from next year

Governor Seyi Makinde of Oyo State, on Wednesday, declared that starting from next year, the government would declare Hijrah holiday in line with the yearnings of the Muslim community in the state.
Zimbabwe's 71-year-old Vice President Kembo Mohadi on Wednesday refuted accusations of sexual misconduct by an online news outlet, saying he is the victim of political machinations.

Zimbabwean vice president accused of soliciting sex at his office

Zimbabwe's 71-year-old Vice President Kembo Mohadi on Wednesday refuted accusations of sexual misconduct by an online news outlet, saying he is the victim of "political machinations".
Nigeria Export Processing Zones Authority (NEPZA)

Nigerian government announces additional economic zones for agric, textile

The federal government has approved the expansion of the existing Free Trade Zones (FTZs), as well as the activation of existing ones to respond to the demands of the African Continental Free Trade Area Agreement (AfCFTA) and the COVID-19 pandemic.

WAEC registration: Kwara government warns principals against extortion

The Kwara Government has warned principals in public schools not to extort students during the registration of the upcoming West Africa Examination Council (WAEC) examination.

Court affirms Ogun NUJ chairman

The National Industrial Court, sitting in Ibadan, on Wednesday, affirmed the election of Comrade Soji Amosu as the duly elected Chairman of Ogun State chapter of the Nigeria Union of Journalists (NUJ).

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The Chairman of the Presidential Task Force on COVID-19, Boss Mustapha, disclosed this at a press briefing in Abuja.

PTF: Nigeria to receive four million doses of coronavirus vaccines soon

The Presidential Task Force (PTF) on COVID-19 says Nigeria will soon receive initial four million doses of the AstraZeneca COVID-19 vaccines.
NDLEA

NDLEA nabs man who imports drugs-baked cakes, biscuits for Lagos elites

The National Drug Law Enforcement Agency, NDLEA, has burst a syndicate that specialised in importing cakes, biscuits and other confections (baked with drugs) for the rich in Lagos State, arresting the leader— Samuel Ebenezer.
Dr Chris Ngige, Minister of Labour and Employment said this while fielding questions on television concerning the time for payment of the new wage.

Federal government to meet with governors over petrol price, electricity tariff

The federal government will meet with state governors and the Nigerian National Petroleum Corporation (NNPC) on Thursday to find a solution to the issue of petrol pricing.
Johnson & Johnson vaccine vials at the Klerksdorp Hospital in South Africa. Photo by Phill Magakoe - AFP via Getty Images

FDA: Johnson & Johnson’s single-shot coronavirus vaccine effective

The one-dose COVID-19 vaccine made by Johnson & Johnson protects against severe disease and has no serious safety concerns, according to a new analysis published today by the US Food and Drug Administration. The report takes the vaccine one step closer to authorization by the agency, meaning the United States could have a third shot available in a matter of days.
A girl gets inoculated with an Ebola vaccine in Goma, the Democratic Republic of the Congo.

Delayed Ebola vaccination drive to begin in Guinea

Guinea will launch an Ebola vaccination drive Tuesday after a flight delayed by a Saharan dust storm arrived carrying thousands of jabs, as the West African country fights to stamp out a resurgence of the deadly virus.