Friday 3rd July 2020
Friday, 3rd of July 2020
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Six steps closer to climate mitigation finance

Ecofys

How can developing countries tap into climate mitigation funds from MDBs and the GCF? The clock is ticking and the world needs a rapid curb of greenhouse gas (GHG) emissions to avoid surpassing the 2°C threshold. Due to the ratification of the Paris Agreement, countries face the demanding task of implementing policies to decarbonise their economies. The challenge is daunting, especially for ...

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FG to release N350 billion for capital projects

Kemi Adeosun

Minister of Finance, Mrs. Kemi Adeosun, has disclosed that a sum of N350 billion capital votes will be released immediately into the system as the Federal Government continues to tackle the economic crisis currently facing the nation. The minister, who spoke at a press briefing in Abuja on Friday, said the current administration is not backing down on its decision to ...

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Eurobonds offer succour for budget financing

Dr. Abraham Nwankwo

As the Federal Government begins the process of borrowing from the international markets, by way of floating $1 billion Eurobonds, all eyes are on the relevant authorities for proper utilisation of the bonds The Debt Management Office (DMO) on behalf of the Federal Government has commenced bids for the engagement of two international banks as joint lead managers and a ...

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Issuing bonds, revamping economy

Kemi Adeosun

The oil price crash hit Nigeria hard. The country’s revenue fell, affecting the funding of critical infrastructure. The Debt Management Office (DMO) has risen to the challenge, issuing bonds to fund such projects in the 2016 budget. Will local investors take a cue from DMO? COLLINS NWEZE writes. For Nigeria, the worst era seems over. That was last January when ...

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Bonn climate talks put spotlight on finance, ambition

Sven Harmeling of CARE

As the Bonn UN climate negotiations gradually comes to an end before talks close in the final intersessional before the Paris talks in December, negotiators were on Thursday making mixed progress on the key issues of the international agreement. Some success has been reported in the spinoffs and informal meeting groups for mitigation and transparency, while issues like loss and ...

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Pison, Zenith Bank in $9m mortgage finance deal

Lagos-based real estate financial advisory firm, Pison Housing Company (PHC), has disclosed that it is acting as mortgage loan originator and professional strategic development advisor to originate mortgages worth $9 million (about N1.35 billion). According to the outfit, the mortgages will be disbursed by Zenith Bank Plc. in partnership with an unnamed international development finance institution. Akin Arogundade of PHC ...

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