COP 30

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COP 30: Nigeria Canvases Increase In Grant-Based Finance, Debt-For-Nature Swap To Restore, Protect Nature

Felix Ifijeh, THEWILL -
November 07, (THEWILL) — Nigeria has called on the international community to increase grant-based finance, operationalise Blue Carbon Markets, and implement debt-for-nature swaps to enable developing countries to invest in conservation. Vice President Kashim Shettima made the appeal in Belem,...
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COP 30: Nigeria Leads West Africa In Climate Action, Eyes Investment Boost

Felix Ifijeh, THEWILL -
November 07, (THEWILL) — Nigeria has positioned itself as West Africa’s climate action leader, following its submission of the region’s first 3rd National Determined Contribution (NDC 3.0) to the United Nations Framework Convention on Climate Change (UNFCCC). The Director General...
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BusinessOgochukwu Onwaeze, THEWILL -

CBN Cuts Rates By 350bps, But Banks Still Earn Above 17 Percent On Securities

The CBN reduced its Monetary Policy Rate from 26.5 percent to 23 percent in September, signalling a shift towards a less restrictive monetary policy environment. However, yields on Open Market Operations bills and Federal Government bonds have remained elevated, cushioning the immediate impact of the policy change on banks’ investment income.
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