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
    Country Hardly  Develop Under Democracy- Burkina Faso President Traore
    April 9, 2025
    El-rufai Blast Tinubu’s Administration, Describes It As Worst Govt Ever
    April 15, 2025
    Why Jump To APC-Bode George Pleads With Fubara, Says Party Has Formidable Structure
    April 26, 2025
    Latest News
    2027: APC in Dilemma as NNPP, LP,  Dumps Party For PDP In Benue South
    October 13, 2025
    Ekiti Guber:  ADC Aspirants To Voters- Avoid Cash Gift, Rice, Don’t Be Decieved  Again 
    October 12, 2025
    What Justice Dighi Said Regarding Presidential Pardon, Tinubu Granted Saro-Wiwa, Others
    October 10, 2025
    Borderless About the Senate, Be More Loyal To Tinubu’s Appointees-Shehu Tells New INEC Chair
    October 10, 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

PhotoSpeak: Alfred Okoigun, Arco Group Ceo,Hon. Ekperikpe, NNPC’s Ojulari, Dangote, Ogbe

How Naira Sets Highest Record of Depreciation Against The Dollar Amid Tariff War

USSD Code Now *829# As FIRS Says Concept For Taxpayers Satisfaction

Operatives of Nigeria Air Force Repels Attack On Mobile Police  Installation In Katsina, Neutralise Bandits>

How Moody’s Upgrade Ecobank Ratings Outlook to Stable

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

WCQ: We Remain the Only Team That Can Beat Nigeria -Benin Mounie Warns Super Eagles
Urban Sports October 14, 2025
2027: APC in Dilemma as NNPP, LP,  Dumps Party For PDP In Benue South
Discover Politics October 13, 2025
Forget Your Farms…if Bandits Threaten Zamfara Farmers 
Crime Lence Crime Reports October 13, 2025
EPL: They Regretted It Immediately-Sheringham Slams Chelsea Over Strange, Surprising Decision 
Uncategorized October 13, 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