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Business

AfDB’s Shareholders Inject Fresh $117bn As Capital Hits Record $318bn

The board of governors of the African Development Bank (AfDB) has approved a fresh general capital of $117bn making the lender’s capital reach a...
Business

AfDB invests $1.44bn to boost infrastructural growth in Nigeria

The African Development Bank (AfDB) has invested $1.44 billion to support the development of energy and power, transport, water, and other infrastructural projects in...
Business

AfDB to boost Nigeria’s power sector reforms with $1bn loan

The African Development Bank (AfDB) has resolved to support Nigeria’s power sector with a $1 billion Policy-Based Operation (PBO) fund to boost electricity. The...
Business

Nigeria goes for $2.2bn loan from World Bank, budgetary support from AfDB

The Federal Government is set to receive a $2.2 billion loan from the World Bank at a low interest rate of about 1%.This is...
Business

FG, AfDB Meet Over Funding Of Coastal, Trans-Sahara Highways

The Minister of Works and Housing, David Umahi and the African Development  Bank (AfDB) on Tuesday opened talks for the possible funding of the construction...
News

Rising Costs in Nigeria could lead to social unrest, AfDB warns

The African Development Bank (AfDB) has warned that rising prices of fuel and other commodities could lead to social unrest in Nigeria.The bank also...
Business

Oyo, Kaduna, C’Rivers to get AfDB’s $540m for food security

All is set for the African Development Bank (AfDB) to commence the disbursement of $540 million to the first phase of states in Nigeria...
News

Nigeria, AfDB team up to boost digital, creative industries with $617m

In a significant move to bolster the nation’s digital and creative landscape, the Nigerian government and the African Development Bank (AfDB) are partnering to...
Business

Illicit financial flows cost Nigeria, other African countries $90bn annually-AfDB

Nigeria, South Africa and other African countries have been projected to be losing as much as $90 billion to illicit financial flows annually.This is...
News

Nigeria Losing Best Brains To Japa Syndrome — AfDB President

The President of the African Development Bank (AfDB), Dr Akinwumi Adesina, has called on African leaders to create quality jobs for their teeming unemployed...
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