URBANEXPRESSLIVEURBANEXPRESSLIVEURBANEXPRESSLIVE
  • Home
  • Politics
    Politics
    “Followers who tell the truth, and leaders who listen to it, are an unbeatable combination.”— Warren Bennis
    Show More
    Top News
    Ogbomoso: Why Soun’s Feud With  Chief Imam is Threatening Peace-Muslim Community
    September 5, 2024
    How Tambuwal’s Aide Languishes In Custody For Criticizing Sokoto First Lady For Allegedly Spraying Dollars
    September 17, 2024
    Election Updates; How PDP Stands, Win Four Out of Six Announced Results
    September 22, 2024
    Latest News
    It may be of Significance retaining His Lagacy’-Oshiomhole Advises Jonathan Over Speculative 2027 Ambition
    October 6, 2025
    He Never Complained of Inheriting Challenges- UN Deputy Sec Gen, Amina Mohammed, On Tinubu
    October 5, 2025
    Not Quicksand, We’re Building Nigeria’s Economy On Concrete-Tinubu
    October 1, 2025
    While Bandits Take Over Kwara, Onanuga is Busy Attacking Jonathan-Rufai Oseni
    September 30, 2025
  • Entertainment
  • Urban & Rural Lifestyle
  • Column
  • Environment
  • Urban Sports
  • Crime Lence
  • More Links
    • About Us
    • Contact us
    • Advertise
Search
  • Advertise
© 2024 Urbanexpresslive. All Rights Reserved.
Reading: CBN Signs New  Agreement With IFC To Boost Naira
Share
Notification Show More
Font ResizerAa
URBANEXPRESSLIVEURBANEXPRESSLIVE
Font ResizerAa
  • Home
  • Politics
  • Entertainment
  • Urban & Rural Lifestyle
  • Column
  • Environment
  • Urban Sports
  • Crime Lence
  • More Links
Search
  • Home
  • Politics
  • Entertainment
  • Urban & Rural Lifestyle
  • Column
  • Environment
  • Urban Sports
  • Crime Lence
  • More Links
    • About Us
    • Contact us
    • Advertise
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
URBANEXPRESSLIVE > web-Page > Business > CBN Signs New  Agreement With IFC To Boost Naira
Business

CBN Signs New  Agreement With IFC To Boost Naira

urbanexpresslive
Last updated: October 28, 2024 8:16 pm
urbanexpresslive
Share
2 Min Read
urbanexpess news
SHARE

Taiwo Popoola

The Central Bank of Nigeria (CBN) said it has signed an agreement with the International Finance Corporation (IFC) to boost local currency financing for Nigerian businesses.

CBN said the development – a key outcome alongside the IMF & World Bank Annual Meetings – will enable the IFC to scale its naira-denominated investments across priority sectors of the Nigerian economy, including agriculture, and housing, among others.

In a post on its official X handle on Monday, the apex bank disclosed that the collaboration is set to channel over $1 billion in financing across the coming years to drive economic growth, job creation, and diversification across Nigeria.

“The Central Bank of Nigeria (CBN) has signed an agreement with the International Finance Corporation (IFC) to boost local currency financing for Nigerian businesses, marking a key outcome alongside the IMF & World Bank Annual Meetings.

“This partnership will enable the IFC to scale its naira-denominated investments across priority sectors of the Nigerian economy, including agriculture, housing, infrastructure, energy, small and medium enterprises, as well as the creative and youth economy.

“The collaboration is set to channel over $1 billion in financing across the coming years to drive economic growth, job creation, and diversification across Nigeria.

“CBN Governor, Olayemi Cardoso described the partnership as part of the CBN’s commitment to delivering innovative development initiatives through reputable third-party service providers, moving beyond traditional intervention programs,” the post on X read.

You Might Also Like

Operatives Makes 31 Arrest In Seven Days In Niger Delta, Records 218 Oil Theft Incidences

Idahosa, LCCI President To Dangote; You Don’t Have Business In Petrol Price

Why Dollar Increase By 117% As Naira Appreciates At FX Market

Exchange Rates At Black Market Near N2000 Per Dollar

‘Way Forward for Nigeria’s Food Security-Toromade

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
[mc4wp_form]
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Twitter Copy Link Print
Share
Previous Article Conflicting Judgements: High Court Chief Judge, Tsoho To Appear Before NJC Panel
Next Article Why We Rejected Tinubu’s Tax Reform Bill, Northern Nigeria Governors Forum
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

235.3kFollowersLike
69.1kFollowersFollow
11.6kFollowersPin
56.4kFollowersFollow
136kSubscribersSubscribe
4.4kFollowersFollow
- Advertisement -
Ad imageAd image

Latest News

EPL: Why Carragher Disagrees With Neville On Caicedo, Names Excellent Midfielder In England
Urban Sports October 7, 2025
WCQ: Nigeria Can Only Access 17 Points, Benin Can’t Win-Broos Indicates South Africa’s Advantage
Urban Sports October 7, 2025
EPL: Exact Time To Be Their Fan-Rio Ferdinand Name Team To Win League
Urban Sports October 7, 2025
EPL: Why Rooney Name Three Man United Players Benefiting From Sesko’s Impact
Urban Sports October 7, 2025
Executive Master of Transport Management
//

UrbanExpressNews is Nigeria Most Reliable Online News, With Quality Pedigree of Writers made available on the online space.

Download Our App

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

info@urbanexpresslive.com

 

Follow US
© 2024 Urbanexpresslive. All Rights Reserved.
Welcome Back!

Sign in to your account