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Business

InfraCredit Gets $15m Loan From AfDB To Enhance Infrastructure Financing In Nigeria

The African Development Bank (AfDB) and Infrastructure Credit Guarantee Company Limited (InfraCredit) have signed an agreement for a $15m subordinated loan facility to strengthen...
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 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...
News

Caroline Eboumbou, ‘All On’ CEO, Receives Prestigious ‘Outstanding Woman in Renewable Energy’ Award!

The 2024 WIME award tagged #InspireInclusion – Powering Partnerships for Progress is the third edition of awarding women in the Maritime and Energy sectors...
Business

Economic Challenges: ‘I Feel For President Tinubu’— AfDB President, Adesina

The President of the African Development Bank (AfDB), Akinwunmi Adesina, said he is sympathising with President Bola Ahmed Tinubu’s government over the economic challenges...
Politics

Nigeria Ready For 2028 Take-Off Of African Central Bank In Abuja — Tinubu Tells AU 

President Bola Tinubu has told the African Union (AU) that Nigeria is prepared to host the proposed African Central Bank (ACB). Tinubu stated this on...
Business

Fidelity Bank Doubles Profit To N101bn In 2023 As Debts Hits N577bn

Fidelity Bank Plc recorded sterling performance in 2023, growing its profit after tax by 116.79 per cent to N101.29bn but the lender also piled...
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...
Business

AfDB, Partners Secure $34.8bn Investments For Nigeria, Others- Adesina

The African Development Bank (AfDB) and its partners have declared an investment interest in the continent valued at $34.82bn at the African Investment Forum...
News

TETFund Seeks Long Term Financing For Education Programme

The Tertiary Education Trust Fund (TETFund) has stated that it will explore the possibility of getting long term financing from African Development Bank (AfDB)...
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