August 9, 2016/AfDB Climate finance totalling US $81 billion was mobilized for projects funded by the world’s six largest multilateral development banks (MDBs) in 2015. This included $25 billion of MDBs’ direct climate finance, combined with a further $56 billion from other investors. The latest MDB climate finance figures are […]
Updates
Nigeria to allow banks to write-off some bad loans this year
August 9, 2016/Reuters By Chijioke Ohuocha Nigeria’s central bank this year is to allow banks to write off bad loans for which they have already made provisions to help them to clean up their balance sheets. Pressure has been building on the country’s banks, whose loan books have been hit […]
Nigeria’s naira hits all-time low of 350 per dollar on interbank market
August 9, 2016/Reuters Nigerian naira traded at an all-time low of 350 to the dollar on Tuesday in a single interbank market trade of $100,000, Thomson Reuters data showed. The currency was offered at 313 naira to the dollar and a total of $3.11 million had been traded by 1230 […]
