By Seun Ibiyemi The Federal government has said that the African Development Bank (AFDB) is set to release a whooping sum of $350million loan for the construction of Kano to Maradi railway linkage. The Chairman Senate committee on Land Transport,…
By Seun Ibiyemi The Federal government has said that the African Development Bank (AFDB) is set to release a whooping sum of $350million for the construction of Kano to Maradi railway linkage. Speaking during an oversight visit to Lagos-Ibadan rail…
Mr Akinwumi Adesina, President, African Development Bank Group (AfDB), says Nigeria is losing about 29 billion dollars annually due to a lack of reliable power supply. Adesina said that it amounted to 5.8 per cent loss in the nation’s Gross…
By Matthew Denis The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has met with a high-level delegation from the African Development Bank (AfDB) led by Dr. Abdul Kamara, Director General for Nigeria at the AfDB.…
Nigeria has secured at least $1.25 billion in loans from the World Bank and the African Development Bank (AfDB) to boost electricity supply under the administration of President Bola Tinubu. On December 14, 2023, the World Bank approved the $750…
The African Development Bank (AfDB), has signed a 20 million-dollar equity investment in the African Infrastructure Investment Fund 4 (AIIF4). The AfDB in a statement, said the deal, signed on July 31, was to reinforces the Bank’s commitment to fostering…
The African Development Bank Group (AfDB) has approved a loan of $500 million to the Federal Republic of Nigeria. According to a statement from the bank, this funding will finance the first phase of the Economic Governance and Energy Transition…
By Esther Agbo The Securities and Exchange Commission (SEC) announced on Sunday that it is collaborating with the African Development Bank (AfDB) to advance green finance within Nigeria’s Capital Market. To support this initiative, the SEC will host a significant…
The President of African Development Bank (AfDB), Dr Akinwumi Adesina, on Friday advocated for youth investment in Nigeria’s Agri-business. Adesina championed the advocacy in his keynote address at the Council of Anglican Provinces of Africa (CAPA) Primates and wives’ Retreat…
The African Development Bank (AfDB) President, Akinwumi Adesina, says conflict of interest is hindering implementation of the bank’s anti-corruption fund. Adesina, in an interview, said the bank established an anti-corruption fund of about 55 million dollars seven years ago, which…
