Ga onbeperkt met Magzter GOLD
Krijg onbeperkte toegang tot meer dan 9000 tijdschriften, kranten en Premium-verhalen voor slechts
Poging GOUD - Vrij
Nigeria Launches $500m Climate Investment Platform to Spur Green Growth
The Business NG
|The BusinessNG
In a strategic push to advance its green economy agenda, the Federal Government of Nigeria has inaugurated the Nigerian Climate Investment Platform (NCIP), a major initiative designed to mobilize up to $500 million in climate finance for infrastructure development, resilience building, and climate adaptation projects.
-
The launch of the NCIP followed a high-level meeting in Abuja, bringing together the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun; officials from the Nigeria Sovereign Investment Authority (NSIA); the National Council on Climate Change (NCCC); and representatives of the Green Climate Fund (GCF).
Minister Edun described the platform as a timely vehicle to harness global climate capital in support of Nigeria's growth objectives. "The current global economic context requires that we leverage every opportunity to bolster key sectors. Climate finance offers a catalytic tool for innovation in agriculture, infrastructure, and technology," he said.
Dit verhaal komt uit de The BusinessNG -editie van The Business NG.
Abonneer u op Magzter GOLD voor toegang tot duizenden zorgvuldig samengestelde premiumverhalen en meer dan 9000 tijdschriften en kranten.
Bent u al abonnee? Aanmelden
MEER VERHALEN VAN The Business NG
The Business NG
MPC Meeting: All Eyes on CBN as Analysts Predict Fresh Rate Cut
As Nigeria's Monetary Policy Committee (MPC) prepares to meet on November 24-25, analysts across the financial sector are forecasting another policy rate cut, citing easing inflation, stronger macroeconomic fundamentals, and improved foreign exchange stability. The meeting comes just weeks after the Central Bank of Nigeria (CBN) cut the Monetary Policy Rate (MPR) by 50 basis points to 27%, marking the first rate reduction in nearly ten consecutive policy meetings under Governor Olayemi Cardoso. Stakeholders say this week's meeting will be a decisive test of the CBN's confidence in Nigeria's emerging disinflation trend. Inflation eased to 16.05% in October—down from 18.02% in September—following the CPI rebasing exercise and improvements in food supply, FX liquidity, and general price stability.
1 min
The BusinessNG
The Business NG
More Nigerians Seek Schooling Abroad as Education Crisis Triggers $1.39bn Outflow
Nigeria’s persistent crisis in the education sector has continued to fuel a massive exodus of students to foreign institutions, with new data show-
1 min
The BusinessNG
The Business NG
2026 Tax Reform Triggers Concerns Over Data Privacy, Income Monitoring
Nigeria's new tax framework, set to take effect in January 2026, is stirring debate over the government's ability to access citizens' personal financial data, particularly for remote workers and Nigerians with foreign assets.
1 min
The BusinessNG
The Business NG
Nigeria Launches 2025 Oil and Gas Licensing Round on Dec 1
Nigeria is set to launch its 2025 oil and gas licensing round on December 1, as the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) moves to revive the country's production capacity and attract fresh global investment.
1 min
The BusinessNG
The Business NG
Investors Scramble for N1.23tn T-Bills as Market Signals Yield Peak
Nigeria's Treasury Bills market continued its bullish momentum at the November 19, 2025 auction, with investors submitting an overwhelming N1.23 trillion in bids for the 364-day tenornearly triple the Central Bank of Nigeria's (CBN) N450 billion offer. The aggressive demand signals a clear race by investors to lock in high yields before the expected monetary policy easing cycle begins in 2026.
1 min
The BusinessNG
The Business NG
Court Sentences Nnamdi Kanu to Life Imprisonment for Terrorism
Leader of the Indigenous People of Biafra (IPOB), Nnamdi Kanu, has been sentenced to life imprisonment by a Federal High Court in Abuja after being convicted on all seven terrorism charges filed against him by the Federal Government.
1 min
The BusinessNG
The Business NG
Panic Selloffs, FX Fears Hammer Banking Stocks, ASI Down 3.5%
Nigeria's equities market remained under severe pressure through November 2025, with the All-Share Index (ASI) declining steadily on the back of heavy selloffs in banking stocks.
1 min
The BusinessNG
The Business NG
GDP Debate: Analysts Split on Nigeria's Q3 Performance
As Nigeria prepares to release its Q3 2025 GDP report, analysts remain divided on how the economy performed. Some expect a modest expansion of 3.6%-3.9%, while others forecast a stronger 4.5% growth, building on the 4.23% recorded in Q2.
1 min
The BusinessNG
The Business NG
Nigerians Still Feeling Price Pressures Despite Falling Inflation
Despite Nigeria's headline inflation rate falling to 16.05 per cent in October, the cost of living for ordinary households remains steep, the Centre for the Promotion of Private Enterprise (CPPE) has warned.
1 min
The BusinessNG
The Business NG
PDP Crisis Boils Over in Abuja
•Wike Allies Sacked Makinde, Bala Over 'Anti-Party
1 min
The BusinessNG
Listen
Translate
Change font size