• About
  • Advertise
  • Careers
  • Contact Us
Wednesday, June 25, 2025
  • Login
No Result
View All Result
NEWSLETTER
Tech | Business | Economy
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Home Economy Finance

NGX, IFC Sign MoU to Deepened Green Bond Sustainability in Nigerian Capital Markets

by Admin
November 25, 2022
in Finance
0
NGX and IFC sign MoU
L-r: Dr Riccardo Ambrosini, Lead, Climate Finance Africa, International Finance Corporation (IFC); Kalim M. Shah Senior Country Manager, IFC ( Nigeria, Sierra Leone and Liberia); Mr. Temi Popoola, CEO, Nigerian Exchange Limited (NGX) and Dr. Iniobong Abiola Awe, Director, Department of Climate Change, Federal Ministry of Environment during a partnership signing agreement on socialising sustainable financial products, between NGX and IFC at the Green and Sustainability Bond Workshop on Wednesday 23 November 2022 in Lagos

L-r: Dr Riccardo Ambrosini, Lead, Climate Finance Africa, International Finance Corporation (IFC); Kalim M. Shah Senior Country Manager, IFC ( Nigeria, Sierra Leone and Liberia); Mr. Temi Popoola, CEO, Nigerian Exchange Limited (NGX) and Dr. Iniobong Abiola Awe, Director, Department of Climate Change, Federal Ministry of Environment during a partnership signing agreement on socialising sustainable financial products, between NGX and IFC at the Green and Sustainability Bond Workshop on Wednesday 23 November 2022 in Lagos

UBA
Advertisements

Nigerian Exchange Limited (NGX) and International Finance Corporation (IFC), have signed a Memorandum of Understanding (MoU) to further deepened green bond sustainability in Nigerian capital markets 

Speaking at the “Green and Sustainability Bond” workshop in Lagos, Mr. Temi Popoola, the Chief Executive Officer, NGX, said the limited flow of climate finance remains a major issue for the implementation of mitigation and adaptation actions in Africa, particularly Nigeria.

NGX and IFC sign MoU
Advertisements
MTN ADS
L-r: Dr Riccardo Ambrosini, Lead, Climate Finance Africa, International Finance Corporation (IFC); Kalim M. Shah Senior Country Manager, IFC ( Nigeria, Sierra Leone and Liberia); Mr. Temi Popoola, CEO, Nigerian Exchange Limited (NGX) and Dr. Iniobong Abiola Awe, Director, Department of Climate Change, Federal Ministry of Environment during a partnership signing agreement on socialising sustainable financial products, between NGX and IFC at the Green and Sustainability Bond Workshop on Wednesday 23 November 2022 in Lagos

He said the Exchange in 2016 conceptualized and developed the Green Bond Product Paper, which was embraced and championed by the Debt Management Office (DMO) and the Federal Ministry of Environment in recognition of the climate finance needs, particularly in Nigeria, and the urgent action required to combat climate change and its impact as enshrined in the Paris Agreement on Climate Change.

According to him, “This endeavour resulted in the issuance of the first N10.69 billion or about $25.8 million 5-year green bond in 2017 to fund renewable energy development projects. This followed the Federal Government of Nigeria’s ratification of the Paris Climate Agreement, which necessitated the need for long-term financing to meet Nigeria’s NDCs in lowering greenhouse gas emissions.”

He said the bourse in its collaboration with internationally recognized organizations such as the IFC is targeted at sharing valuable green finance experiences and best practices, as well as promoting the development of sustainable finance market segments for supporting the government, policymakers, regulators, financial market participants, domestic and international thought leaders, investors, and other market stakeholders.

He expressed that the management of the Exchange is committed to promoting the development of long-term financial solutions that take into account the financial risks and possibilities posed by climate change.

Kalim Shah, the Senior Country Manager, IFC,  said the corporation is partnering with NGX on sustainable financial products in the capital market and country at large.

He noted the MoU signed with Exchange targeted at facilitating knowledge sharing with capital market stakeholders on green social and sustainability.

He disclosed that IFC has invested more than $10billion in green bonds globally since 2010 across 178 bonds in 20 currencies.

Dr. Iniobong Abiola-Awe, the Director, Department of Climate Change, Federal Ministry of Environment, who was representing Mohammed Abdullahi, the Minister of environment,  reiterated President Muhmmadu Buhari’s commitment to reaching net zero emissions by 2060.

She called on market stakeholders to think of innovative ways of financing key green bond projects in order to tackle climate change issues in the country.

Loading

Author

  • Admin

    TechEconomy is a Distinct News Media That Focuses on BUSINESSES, PEOPLE, PLATFORMS, INSTITUTIONS

    View all posts
0Shares
Tags: Capital MarketsIFCNGXNGX and IFC
Admin

Admin

TechEconomy is a Distinct News Media That Focuses on BUSINESSES, PEOPLE, PLATFORMS, INSTITUTIONS

Next Post
Apple

Apple can easily buy Man United with Fraction of Profits it makes in a Quarter

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recommended

Chapa and Telegram

How Chapa and Telegram Are Revolutionising Digital Payments in Ethiopia

2 years ago
Paradigm Initiative - PIN logo and Sunshine Cinema

How Paradigm Initiative and Sunshine Cinema Are Tackling Youth Unemployment

1 year ago

Popular News

    Connect with us

    • About
    • Advertise
    • Careers
    • Contact Us

    © 2025 TECHECONOMY.

    No Result
    View All Result
    • News
    • Tech
      • DisruptiveTECH
      • ConsumerTech
      • How To
      • TechTAINMENT
    • Business
      • Telecoms
      • Mobility
      • Environment
      • Travel
      • StartUPs
        • Chidiverse
      • TE Insights
      • Security
    • Partners
    • Economy
      • Finance
      • Fintech
      • Digital Assets
      • Personal Finance
      • Insurance
    • Features
      • IndustryINFLUENCERS
      • Guest Writer
      • EventDIARY
      • Editorial
      • Appointment
    • TECHECONOMY TV
    • Apply
    • TBS
    • BusinesSENSE For SMEs

    © 2025 TECHECONOMY.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    Translate »
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.