IFC
3 hours ago
Yearly investments in renewable energy generation need to rise from $570 billion in 2023 to an average of $1.55 trillion yearly between 2024 and 2030, to meet global climate goals. The call for increased investments underscores the urgent need for governments, private investors and international organisations to collaborate in scaling up renewable energy projects globally.…
29 Oct
The International Finance Corporation (IFC) will significantly increase its financing of critical sectors by $1 billion in the coming years.
7 Oct
With increasing global temperature, the International Finance Corporation (IFC) and the United Nations Environment Programme (UNEP)-led Cool Coalition have canvassed adoption of sustainable cooling solutions.
7 Sep
The IFC has invested about $60 billion in African businesses and financial institutions, with a current portfolio exceeding $12 billion. What would you describe as the most critical gains of these investments in the last five years?
1 Aug
International Finance Corporation (IFC) has awarded EDGE experts, who work as advisors to the nine developers and financial institutions on their professionalism in green building projects.
7 Jun
President Bola Tinubu, yesterday, in Abuja made a strong appeal to international development financiers to see Africa as a destination for growth and prosperity.
10 Mar
Nigerian Exchange Group (NGX) and its subsidiaries joined the rest of the world on Friday, March 8, 2024, to commemorate the International Women’s Day (IWD) by leveraging its Closing Gong Ceremony to ring the bell for 'Gender Equality'. With the theme: 'Invest in Women: Accelerate Progress', the event focused on individual actions, conversations, behaviours and…
6 Feb
The Bank of Industry (BoI) and the International Finance Corporation (IFC) have partnered to improve access to finance and export credit to boost Nigeria's industrialisation drive. Managing Director of BOI, Dr Olasupo Olusi, said this at the BOI-IFC Conference on Empowering Futures in Lagos, noting that the conference presented an opportunity to develop innovative ideas…
Latest
9 mins ago
As I recall from my high school physics, energy exists in various forms, including mechanical, sound, light, chemical, and electrical energy. A fundamental principle I learned is that energy cannot be created or destroyed, only transformed from one form to another. Examples of this transformation include converting heat energy into electrical energy via gas thermal…
9 mins ago
Shell Companies in Nigeria awarded $1.98 billion worth of contracts to indigenous firms in 2023, reflecting a 3% increase from the $1.92 billion recorded in 2022. At the 13th Practical Nigerian Content Forum in Bayelsa State, SNEPCo’s Managing Director Ron Adams, represented by Olaposi Fadahunsi, explained that the contracts have enabled local firms to expand…
15 mins ago
The troops of Operation Safe Haven (OPSH) have successfully rescued 25 kidnapped victims and neutralized three bandits during an offensive operation in Kauru Local Government Area (LGA), Kaduna State. The operation, code-named Golden Peace, was launched early Tuesday morning to dismantle criminal networks terrorizing the region. Intelligence sources told Zagazola Makama that the operation began…
23 mins ago
Donald Trump's nominee for defence secretary says "the Left" is trying to smear him with "fake" stories, after reports suggested the United States president-elect may replace him. Trump is considering replacing Pete Hegseth with Florida Governor, Ron DeSantis, CBS News reported, after Hegseth's nomination came under intense scrutiny. Since Trump nominated the former Fox News…
31 mins ago
Chief Executive Officer and Managing Director, Mania Petroleum Marketing Company Limited, Dr Shina Amoo, has urged the Federal Government, 36 governors and the Minister of Federal Capital Territory (FCT), Abuja to declare a state of emergency on education. Amoo made the call on Wednesday, shortly after he bagged a Ph.D. in Business Administration at the…
36 mins ago
South Korean MPs have begun impeachment proceedings against President Yoon Suk Yeol after thwarting his shock move to impose martial law. The president had said martial law was needed to protect the country from "North Korea's communist forces" and to "eliminate anti-state elements". Though he cited North Korea, President Yoon's decision was seen as a…
46 mins ago
President Joe Biden has announced that the United States is providing more than $1 billion in additional humanitarian assistance to address food insecurity and other urgent needs of refugees, internally displaced persons (IDPs), and affected communities in 31 African countries. The funding, announced during President Biden’s visit to Angola, includes nearly $823 million through USAI,…
46 mins ago
President Bola Tinubu has returned to Nigeria after a state visit to France and Cape Town, South Africa. Adviser on Information and
51 mins ago
INTELS Nigeria Limited has graduated 62 beneficiaries of its Women Empowerment Project Scheme Synergy (WEPSS) initiative, designed to equip women in its host community, Onne Port, with skills in fashion design and tailoring. The 11th graduation ceremony, held at the Federal Lighter Terminal in Onne Port, also included the donation of 500 garments crafted by…
59 mins ago
To accelerate the career development of trainees for better performance, Courteville Business Solutions Plc has successfully trained 25 new middle management trainee cadres. The nine-month duration of training in a capacity development programme is designed to prepare them for the challenges of the job and macroeconomic environment. In his remark, the firm’s Group…