Economy
Stakeholders Seek Private Sector Input in Climate Funding Instruments
By Adedapo Adesanya
FSD Africa has joined other stakeholders to call for more participation from the private sector in raising funds for sustainable projects in Nigeria.
Nigeria, Africa’s largest economy, has demonstrated remarkable resilience and substantial growth despite the challenges posed by the COVID-19 pandemic and macroeconomic constraints.
However, maintaining this growth momentum and promoting economic development requires innovative financing solutions and the attraction of climate-smart and private investments.
Speaking at FSD Africa’s Capital Markets round table event in collaboration with the Pension Fund Operators’ Association of Nigeria (PenOp), the Chief Executive Officer of FSD Africa, Mr Mark Napier, noted that the firm was committed to sustainable development and playing a frontier role in stimulating demand as well as deepening engagement in Nigeria.
He called on operators in the financial markets to look inward at many climate funding instruments that they invest in, adding that FSD Africa will be willing to support such programmes.
“All things are possible in Nigeria. We noticed that there are genuine opportunities for things to happen. There is a will to do things differently, and this is a great place for us to do things we do.
“We are looking to significantly boost the role of the private sector in climate finance. There is a $30 billion financing, and currently, about $4 billion is from the African continent, while less than $2 billion is private capital.
“We believe that there are opportunities present in the domestic capital markets in mobilising long-term capital for sustainable financing in Nigeria. We will help create the partnerships and collaborations.”
On her part, Ms Sally Woolhouse, Head of Economic Development (Nigeria), the UK’s Foreign, Commonwealth and Development Office (FCDO), said the British government was playing its role in ensuring that its partnership with the country extends to climate funding with a focus on clean agriculture, climate change, and biodegradation among others.
Adding his input, the CEO of PenOp, Mr Oguche Agudah, said there is a need for new, sustainable models that will factor in the primary interest of all stakeholders.
He said, “Capital needs to be deployed in a way that tackles these climate challenges and satisfies those who need them and those who manage them.
“There has to be efficient distribution because the capital market needs to work this way because the problems of today are different from that of the past. It is thus important to resolve the problems of today.”
He then challenged other stakeholders in other institutions to create value for everyone in the country.
By Adedapo Adesanya
The Nigerian Shippers Council (NSC) has reiterated its commitment to prioritising shipping activities and promoting importers and exporters in the country.
The Executive Secretary of the Council, Mr Pius Akutah, in a statement on Wednesday, said this after a familiarisation visit to the North East Zonal Directorate in Bauchi State.
The visit marked a strategic step in assessing the activities of the council in the region and reinforcing its role in trade facilitation and port economic regulation.
“The purpose of the visit was to promote regional integration in shipping activities and support exportation.
“This aligns with the current administration’s goal of enhancing the nation’s resources through the blue economy.
“We have had interactive meeting with stakeholders aimed at advancing shipping activities in the region and the role of shippers’ association in representing the interests of importers and exporters.
“The NSC is committed to improving ease of doing business,” he said.
On the Inland Dry Ports project in Bauchi, an initiative by the state government, Mr Akutah said it was laudable as it would attract both import and export activities to the area.
By Adedapo Adesanya
UBN Property Plc further sank the NASD Over-the-Counter (OTC) Securities Exchange in the red territory by 0.48 per cent on Wednesday, April 23.
The property investment company lost 7 Kobo of its share value to settle at N2.10 per unit compared with the preceding day’s price of N2.17 per unit.
As a result, the market capitalisation of the bourse went down by N9.19 billion to N1.908 trillion from N1.917 trillion and the NASD Unlisted Security Index (NSI) slumped by 105.70 points to 3,259.08 points from the previous session’s 3,274.78 points.
There was a 500.5 per cent rise in the volume of securities transacted in the midweek session to 1.05 million units from the 174,634 units traded in the previous trading day.
However, the value of transactions decreased by 9.1 per cent to N2.6 million from N2.86 million and the number of deals dropped by 31.3 per cent to 11 deals from 16 deals.
At the close of business, Impresit Bakolori Plc remained the most active stock by volume on a year-to-date basis with 533.9 million units worth N520.9 million, trailed by Okitipupa Plc with 153.6 million units sold for N4.9 billion, and Industrial and General Insurance (IGI) Plc with 71.2 million units valued at N24.2 million.
Okitipupa Plc remained the most traded stock by value on a year-to-date basis with 153.6 million valued at N4.9 billion, followed by FrieslandCampina Wamco Nigeria Plc with the sale of 14.8 million units for N572.0 million, and Impresit Bakolori Plc with a turnover of 533.9 million units worth N520.9 million.
By Aduragbemi Omiyale
Between April and June 2025, the federal government intends to sell bonds between N900 billion and N1.2 trillion to investors.
This information was revealed by the Debt Management Office (DMO) in its Bond Issuance Calendar for Q2 2025
The sales will take place once in a month, precisely on April 28, May 26, and June 23, according to the data released by the DMO.
It was stated that the debt office will offer the debt instrument in two maturities, with N300 billion and N400 billion offered for sale at each auction.
In April and May, the DMO will reopen the 19.30 per cent FGN APR 2029 and 19.89 per cent FGN MAY 2033 bonds, and in June, it will introduce the FGN JAN 2030 and FGN JAN 2032 and five and seven-year, respectively.
In April, the APR 2029 bond will have a remaining tenor of four years, while the MAY 2033 bond will have six years and one month left.
By May, those terms shorten to three years and eleven months, and six years, respectively. Both bonds retain their original coupon rates of 19.30 per cent and 19.89 per cent.
The DMO has also released details for its April auction. The Federal Government plans to raise N350bn through the reopening of the APR 2029 and MAY 2033 bonds.
According to the circular, N200bn will be offered in the APR 2029 and N150bn in the MAY 2033. The auction will be held on Monday, April 28, with settlement on Wednesday, April 30.
-
Feature/OPED5 years agoDavos was Different this year
-
Travel/Tourism9 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz2 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking7 years agoSort Codes of GTBank Branches in Nigeria
-
Economy2 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking2 years agoFirst Bank Announces Planned Downtime
-
Sports2 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn
-
Technology4 years agoHow To Link Your MTN, Airtel, Glo, 9mobile Lines to NIN