Africa’s biggest multilateral lender, African Development Bank (AfDB) said it had responded to the needs of its member nations in an effort to contain the spread...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market, mainstream business activities...
The entire portfolio of the African Development Bank (AfDB), made up of 61 operations, climbed from $4.5 billion to $5 billion between March and December last...
The board of governors of Africa’s biggest multilateral lender, African Development Bank (AfDB), plans to commission a fair-minded personality of global repute to carry out an...
President Muhammadu Buhari on Tuesday held a closed-door meeting with the President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, at the Presidential Villa, Abuja....
A rights advocacy group, Human Rights Writers Association of Nigeria (HURIWA), on Sunday urged the United States President, Donald Trump, to call the country’s Executive Director...
Former presidents Olusegun Obasanjo, Goodluck Jonathan, and some other African leaders Friday threw their support behind the President of the African Development Bank (AfDB), Dr. Adewunmi...
Former President Olusegun Obasanjo Thursday rejected the United States Treasury’s demand for probe the President of the African Development Bank, Akinwunmi Adesina, for alleged corruption. The...
The board of the African Development Bank (AfDB) has promised to conduct an independent investigation of its chief, Akinwunmi Adesina. This came following U.S. Treasury Secretary,...
U.S. Treasury Secretary Stephen Mnuchin has resisted attempts by the African Development Bank’s (AfDB’s) board to stop an investigation into its president, Akinwunmi Adesina, and requested...
The African Development Bank (AFDB) has debarred China Zhonghao Limited for 18 months, for fraudulent practices. over corrupt practices. The Chinese company is the employer of...
The Board of Governors and the Ethics Committee of the African Development Bank (AfDB) have given Dr. Akinwumi Adesina, the Bank’s President, a clean bill of...
The President of the African Development Bank (AfDB), Akinwunmi Adesina, said Monday he would continue to discharge his responsibility diligently to lead the bank’s bold mission...
The Federal Government, through its National Electrification Project (NEP), has brokered a deal with the African Development Bank (AfDB) intended at curbing severe power generation challenges...
Indications emerged on Monday that the African Development Bank (AfDB) had endorsed an outlay of $200 million (around N61.2 billion) for Nigeria to develop its decrepit...
The African Development Bank (AfDB) on Monday raised the alarm over the unemployment situation in Nigeria, which it said was frightening and could become catastrophic if...
The Okezie Ikpeazu-led government of Abia State has blamed the governorship candidate of the All Progressives Grand Alliance (APGA) in the last election, Dr Alex Otti,...
President of African Development Bank (AfDB), Dr Akinwunmi Adesina, on Sunday applauded President Muhammadu Buhari for nominating him for re-election. He spoke at an event in...
The Ekiti State chapter of the Peoples Democratic Party National New Media Group (PDP-NNMG) has raised the alarm over an alleged plan by the state Governor,...
The African Development Bank (AfDB) on Tuesday said Nigeria accounted for $7bn of the $38.7bn inflows that were secured for the African continent at the maiden...
The President of African Development Bank (AfDB), Dr Akinwunmi Adesina, has said the menace of banditry and kidnapping and other unrest facing the country could only...
Nigeria’s Fidelity Bank has obtained a $50 million facility from the African Development Bank, AfDB, for the funding and promoton of the growth of Micro, Small...
It has been revealed that the United Nations Secretary-General, Antonio Guterres, has accepted to co-chair a special session to raise $50 billion to fund inter-basin water...
Days after the International Monetary Fund (IMF) expressed worries over Nigeria’s rising debt profile, the Federal Government has said it would take another fresh external loan...
The Minister of Finance, Zainab Ahmed on Wednesday said a total sum of $6.8 million to rebuild the North East would come as a loan from...
The African Development Bank (AfDB) on Thursday pledged the commitment of $25billion to help Nigeria and other African countries fight the threat of climate change. This...
The African Development Bank (AfDB), has approved $14.12million facility to support Nigeria’s membership in the African Trade Insurance agency. The bank disclosed this in a statement...
Nigeria’s Transmission Expansion Programme has attracted $410 million funding from the African Development Bank (AfDB) the Transmission Company of Nigerian, TCN, has said. The funding are...
The Federal Government has said it is partnering with the African Development Bank, AfDB, to establish a $500 million fund with the purpose of financing technological...
The African Development Bank has announced that it is going to invest $500 million into citywide sanitation in urban communities in sub-Sahara Africa. The bank made...
President Muhammadu Buhari on Tuesday wrote to the Senate seeking approval to raise $2.78 billion Eurobonds as part of the capital funding for the 2018 national...
By Uchegbulam Eleazer Ngozi… In line with the United Nation’s resolution in Paris concerning Climate Change, the whole world has embarked on an intensive movement to...
Muhammed Sanuli II, the Emir of Kano and a former Governor of the Central Bank of Nigeria (CBN), has called on African nations to embrace regional...
The African Development Bank (AfDB) has released a summary of its economic outlook for all regions of Africa. The summary follows publication of an expanded version...
The President of the African Development Bank (AfDB), Akinwumi Adesina, has made a compelling case for accelerating Africa’s industrialization in order to create jobs, reduce poverty...
Following reports that the African Development Bank (AfDB) had decided against moving forward with its direct budget-support loan to Nigeria because of her failure to meet...
Acting President Yemi Osinbajo, on Tuesday, sought the approval of the National Assembly for $1,492, 400,000.00 loan for 10 states. The loan is part of the...
Africa is undeterred by the failures of the past and the continent is motivated by the incredible energy and talent of its bustling youthful population, according...
In continuation of its programme, aimed at promoting food security in the continent, the African Development Bank (AfDB), says has it has approved $280 million, from...
With the relative stability in the Niger Delta and improved oil price in the international market, Nigeria’s loan requests with the World Bank and the African...
More than 30 per cent of countries in Africa, including Nigeria, are lagging behind in eradicating extreme poverty and hunger in the last five years. This...
Nigeria is back to square one following the directive by both the World Bank and African Dvelopment Bank (AfDB) that it makes a priority list on...
Nigeria may lose its application to secure part of a $30 billion loan from the IMF because of its current policy that favours tying its economy...
The management of Bank of Industry (BoI) has become ruffled as the Federal Government has concluded plans to appoint a board and management for Development Bank...
Preparations are in top gear for another visit to Nigeria by a delegation of the African Development Bank (AfDB) before the end of January 2017. The...
Apparent failure of Nigeria to meet certain criteria set aside by international financial institutions before they would fund the proposed Development Bank of Nigeria (DBN) has...
Nigeria’s debt profile has risen to $13.5 billion in September, from $11.26bn in June 2016, recording an increase of 20.5 per cent within four months. According...
THE African Development Bank (AfDB) says it will only extend further help towards Nigeria’s recovering from its recession only if it increases taxes, reduce interest rate...
The African Development Bank, AfDB, has faulted the Central Bank of Nigeria, CBN, saying its 14% interest is too high for an economy hoping to get...
The African Development Bank, AfDB, has said it would advance $1 billion facility to the Federal Government as budget support to fund the 2016 federal budget....