World Bank Approves Loan To Support Sustainable Rice Production In China

The World Bank’s Board of Executive Directors has approved a loan of US$255 million to support a program that will reduce methane emissions, improve irrigation and drainage services, and provide agricultural support for climate-resilient rice production in Hunan province, China’s largest rice production area. For China and other nations that grow rice, it will produce knowledge and experiences that are reproducible and scalable. According to Mara Warwick, Country Director for China, Mongolia, and Korea at the World Bank, “The Methane-Reducing and Water-Saving Paddy Rice Program will provide creative solutions to promote climate mitigation in China’s agriculture sector.” The initiative offers […]



The CBN Increases Interest Rates To 18.5% In Order To Tame Inflation

The monetary policy rate (MPR), which measures interest rates, has been increased by the policy-setting committee of the Central Bank of Nigeria (CBN) from 18 percent to 18.5 percent. Nigeria’s inflation rate increased to 22.22 percent last week as a result of the spike in food costs. Every other interest rate employed in an economy is based on the monetary policy rate (MPR), which serves as its foundation. The revelation was disclosed to the media on Wednesday following the committee meeting at the CBN headquarters in Abuja by Godwin Emefiele, governor of the federal bank. The apex bank would increase[…]



Experts Explain Gains Of Cashless Policy At FirstCentral’s Webinar

In the recent webinar organised by FirstCentral Credit Bureau – Experts from financial sector, mostly Fintechs, MFBs, Commercial Bank and Central Bank of Nigeria scrutinised the pros and cons of the cashless policy. FirstCentral Credit Bureau Limited, Nigeria’s only independent and first licensed Credit Bureau , well-known for its commitment to designing and deploying solutions that turn data into strategic tools for information and risk management, recently organised a webinar titled: ‘Harnessing the Benefits of Cashless Policy on Credit Allocation in a Developing Nation’ which had Experts from financial and fintech institutions throw their weight behind the cashless policies of[…]