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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.
“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 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.
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.
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.
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.
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.
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.
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, in collaboration with the government of Nigeria, has held a meeting with stakeholders to discuss details around Special Agro-Industrial Processing Zones in Nigeria.
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.
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).
The World Bank Group and the International Finance Corporation (IFC) have promised to continue to support Nigeria in bridging its infrastructure gap.
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.
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.
Collective action and shared responsibility for driving a gender-balanced world has been described as essentials tools for economies and communities to thrive
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.
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".
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.
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.
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).
The Presidential Task Force (PTF) on COVID-19 says Nigeria will soon receive initial four million doses of the AstraZeneca COVID-19 vaccines.
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.
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.
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.
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.