General

WFP Nigeria Country Brief, March 2020

In Numbers 7,534 mt of food assistance distributed USD 4.6 m cash-based transfers made USD 78 m six-month net funding requirement (April 2020 – September 2020) 716,755 people assisted in March 2020 Operational Update Unconditional food assistance reached 657,143 internally displaced people and host communities in Adamawa, Borno and Yobe States. WFP provided in-kind food […]

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Regional Displacement Tracking Matrix (DTM) Lake Chad Basin Crisis – Monthly Dashboard #21, 23 June 2020

Context: The crisis currently affecting the Lake Chad Basin states results from a complex combination of factors, including conflict with NonState Armed Groups, extreme poverty, underdevelopment and a changing climate, which together have triggered significant displacement of populations. As of 23 June 2020, Cameroon, Chad, Niger and Nigeria were hosting an estimated 4,824,766 affected individuals […]

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Stockbrokers advocate for more bonds, others

Stockbrokers have advocated more issuance of fixed income securities by the government to finance infrastructure deficit. They described the recent over-subscription of the Sukuk bond issued by the Federal Government as a clear demonstration of the market’s absorptive capacity. The Federal Government recently issued a N150bn Ijarah Sukuk, a financial instrument for ethical investors that […]

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World Bank approves $750m for Nigeria power sector recovery operation

The World Bank has approved a 750 million dollars International Development Association (IDA) credit for Nigeria’s Power Sector Recovery Operation (PSRO) to improve electricity supply. According to a statement released by the bank in Abuja, the target was to achieve financial and fiscal sustainability and enhance accountability in Nigeria’s power sector. It explained that about […]