30 results
- 6 Nov 2015
IFC Nigeria’s Portfolio Fits $1.7Bn
Mrs. Eme Essien Lore, country manager, IFC Nigeria, has said that International Finance Corporation’s total portfolio in Nigeria stood at 1.7 billion dollars (N334.87 billion). Lore made the…
- 1 Sept 2020
IFC Supports Nigeria’s Plastics Packaging and Recycling Industries
IFC has announced a financing package to help Engee Manufacturing Limited, a leading Nigeria manufacturer of PET resin used in packaging for soft drinks, bottled water, and other household and…
- 20 Jun 2014
IFC Supports Nigeria’s Business Infrastructure with $9.5m Investment
IFC, a member of the World Bank Group, yesterday announced a $9.5 million investment in Jabi Lake Mall to support demand for modern business infrastructure and retail space in Abuja, Nigeria. The…
- 23 Jan 2014
IFC Invests in Nigeria to Expand Microenterprises
IFC, a member of the World Bank Group, has signed an agreement to invest N650 million (about $4 million) in Nigerian microfinance institution Grooming Centre to increase access to finance for up to…
- 1 Feb 2023
IFC Partners Union Bank of Nigeria to Support Trade, SMEs
To boost access to finance for smaller businesses in Nigeria and to support increased trade, IFC yesterday announced a partnership with Union Bank of Nigeria Plc to help the bank expand lending to…
- 7 Aug 2013
IFC to Launch $1Bn Bond to Support Nigeria’s Capital Markets
IFC, a member of the World Bank Group, is working with the Securities and Exchange Commission (SEC) in Nigeria to launch the first long-term, local-currency bond program in the country. The programme…
- 26 Oct 2014
IFC, ARM Capital Partner to Strengthen Nigeria’s Agribusiness Sector
IFC, a member of the World Bank Group, and ARM Capital Partners, the manager of ARM Private Equity Fund, announced a joint $9.5 million equity investment in Boulos Foods and Beverages Limited to…
- 22 Sept 2016
IFC Supports Expansion of Promasidor Nigeria Limited with $25m Loan
IFC, a member of the World Bank Group, will lend $25 million to support the expansion and modernization of Promasidor Nigeria Limited (PNL), a leading Nigerian dairy and seasoning products company…
- 11 Mar 2015
IFC Launches the Lighting Africa Program for Nigeria
IFC, a member of the World Bank Group, has launched the Lighting Africa program for Nigeria, a joint initiative of IFC and the World Bank, will help increase access to affordable, clean and safer…
- 5 Jun 2026
IFC, NGX Group Unveil Nigeria Gender Programme
The International Finance Corporation, Nigerian Exchange Group, and the Lagos Chamber of Commerce and Industry have unveiled the Nigeria Gender Country Programme at a high-level virtual CEO…
- 23 Dec 2016
IFC Helps Grooming Center Microfinance Expand Services in Nigeria
IFC, a member of the World Bank Group, has signed an agreement to provide a NGN 1.5 billion (about $4.8 million) loan to Grooming Centre, a leading microfinance institution in Nigeria, to increase…
- 14 Oct 2019
Nigeria, Other African Countries Identified among IFC Sustainable Banking Networks
Nigeria and four other countries in Africa are among thirty-eight emerging market economies that have initiated key banking reforms to drive development and fight climate change, according to the…
- 15 May 2025
IFC Invests $5m in Husk Nigeria to Build 108 Solar Mini Grids
Husk Power Energy Systems Nigeria Ltd (Husk Nigeria), a subsidiary of solar mini-grid operator Husk Power Systems Inc., has received a $5 million investment from The International Finance Corp.…
- 10 Feb 2022
IFC, World Bank to Help Nigeria Pave the Way for Domestic Carbon Storage
The International Finance Corporation (IFC) and the World Bank have begun to work with the Government of Nigeria to develop a domestic market for carbon capture, utilization, and storage for…
- 30 Oct 2014
IFC partners FCMB Bank to Develop Smaller Businesses in Nigeria
IFC, a member of the World Bank Group, has announced an $87.5 million loan to Nigerian bank FCMB that will help fund infrastructure, green energy projects, and strengthen smaller businesses in the…
- 12 Feb 2016
IFC, NSIA Map out Strategies to Increase Investments in Nigeria
IFC, a member of the World Bank Group, and Nigeria Sovereign Investment Authority (NSIA), managers of Nigeria’s Sovereign Wealth Fund, have co-hosted a hospital sector focused roundtable to foster…
- 6 Mar 2020
IFC Partners Coronation Merchant Bank to Boost Trade Finance in Nigeria
IFC, a member of the World Bank Group, today announced a $40 million Trade Finance Guarantee facility to Coronation Merchant Bank under its Global Trade Finance Program. This will enable Coronation…
- 28 Oct 2024
IFC, CBN Partner to Boost Local Currency Financing in Nigeria
IFC, a member of the World Bank Group, and the Central Bank of Nigeria (CBN) have signed an agreement to increase local currency financing to enable private businesses in Nigeria to grow and thrive.…
- 27 Mar 2019
IFC, Africa RE to Develop New Insurance Market for Nigeria’s Farmers
IFC, a member of the World Bank Group, today announced that it has signed an agreement with Africa RE, a pan-African reinsurance company headquartered in Nigeria, to help thousands of small holder…
- 15 Oct 2014
IFC Supports $400m Seven Energy Bond Issuances for Nigeria
IFC, a member of the World Bank Group, has subscribed to $50 million of notes in the inaugural bond issuances by Seven Energy International Limited, one of the few companies developing and…
- 22 May 2026
MTN Nigeria Tops Gender Equality Rankings After Major Workplace Transformation, IFC Report Reveals
MTN Nigeria Communications Plc has been featured in a newly published case study by the International Finance Corporation (IFC), highlighting how leading companies are advancing gender equality…
- 11 Oct 2020
IFC, Union Bank Partner to Boost Access to Trade Finance in Nigeria
IFC, a member of the World Bank Group, has announced a finance guarantee facility to Union Bank to boost access to finance for local business, enable increased international trade for Nigeria and…
- 12 May 2015
IFC, GE Healthcare Develop High Quality Health Diagnostics in Nigeria
IFC, a member of the World Bank Group, announced a partnership with SRL Limited, GE Healthcare and Echo-Scan Services Limited for the development of a chain of health diagnostic centers across…
- 12 Feb 2025
IFC Partners Mohinani Group to Drive Plastic Recycling and Manufacturing in Nigeria, Ghana
IFC has announced a partnership with Ghana-based manufacturer Mohinani Group Limited to under-take the recycling of Polyethylene Terephthalate (PET) from plastic waste in Ghana and Nigeria, helping…
- 5 Sept 2022
IFC Supports Bar Magen to Expand Sustainable Livestock Production in Nigeria
To support the growth and sustainability of Nigeria's livestock industry, IFC announced a partnership with the Nigerian subsidiary of Bar Magen LTD, Agro Bar Magen Nigeria (ABMN), a livestock feed…
- 23 Dec 2021
IFC, Proparco Invest in Supporting Job Creation in Nigeria and Morocco
A financing package from IFC and Proparco will help Dolidol, a Moroccan manufacturer and distributor of polyurethane (PU) foam and bedding products, expand its production and sales to Nigeria, and…
- 9 Dec 2020
IFC, Kobo360 Invite Innovative Cooling Solution Projects for Nigeria’s Industries
IFC, a member of the World Bank Group, in partnership with Kobo360, an African digital logistics platform, today announced an open call for innovators from around the world to bring climate-smart,…
- 7 Jun 2021
IFC Launches its DigiLab Program in Nigeria, Others to Help Financial Institutions Improve Digital Services
To increase financial inclusion and support the digital transformation of financial institutions across Africa and the Middle East, IFC launched its DigiLab Finance training and support program with…
- 20 Sept 2016
IFC, DFID Partner to Improve Access to Electricity for More SMEs in Nigeria
IFC, a member of the World Bank Group and United Kingdom’s Department for International Development (DFID), have partnered to facilitate the deployment of off-grid and embedded solar systems in…
- 10 Jun 2014
IFC, Firstmonie Partner on Access to Affordable Financial Services in Nigeria
IFC, a member of the World Bank Group, has signed an advisory services agreement with Firstmonie, a subsidiary of First Bank Nigeria Limited, to advance mobile financial services and agent banking in…