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Nigeria firms get $83m IFC-Norfund funding for off-grid power development
500,000 households to be connected, 2.9m people to be served Ziggy Ojiegbe A new financing push led by the International Finance Corporation and Norway’s Norfund is set to expand electricity access to millions of Nigerians living beyond the reach of…
FG’s N1 trn mortgage capital to close urban housing gaps
Sopuruchi Onwuka The moves by the federal government to raise a trillion Naira in capital for the construction industry is conceived revive mortgage banking and arrest the worsening housing crises that beset urban dwellers in the country. Finance Minister, Wale…
World Bank projects 11% energy price fall in 2023
The World Bank has projected energy prices decline of 11 percent in 2023 a 60 percent surge on Russia’s invasion of Ukraine. The multilateral lender also warns that the price decline could be steeper on slower global growth and COVID…
