March 23, 2021/Proshare By FBNQuest Research We learn from the DMO’s quarterly data releases that the FGN’s external debt obligations increased by USD1.36bn in Q4 ’20 to USD33.35bn, equivalent to 8.4% of annual GDP. This was largely explained by a rise in net borrowing from the World Bank Group (USD790m) […]
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Green banks and national climate funds have a key role in mobilizing funds for low-carbon, climate-resilient development in Africa: report
The ground-breaking study, released on Tuesday 23 March, is expected to underpin development of a multi-country climate finance initiative in Africa March 23, 2021/AfDB The African Development Bank and the Climate Investment Funds [CIF (https://bit.ly/3vSPNtq)] have joined forces (https://bit.ly/2OQ4QU9) to produce a study of the role of green banks and […]
MPC Maintains Status Quo: Retains MPR at 11.5%
March 23, 2021 By InvestAdvocate Lagos (INVESTADVOCATE)-The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday retained the Monetary Policy Rate (MPR) at 11.5 percent. Also, the Liqudity Ratio and Cash Reserve Ratio (CRR) at 30 percent and 27.5 percent respectively. Details later…..
