African Development Bank
AfDB Approves $500m Budget Support Loan for Nigeria
The African Development Bank (AfDB) has agreed to provide Nigeria with a $500 million budget support loan this year as part of a...
AfDB Injects $25m into TCX for Local Currency Financing
The African Development Bank has approved a $25m equity investment in The Currency Exchange Fund to expand access to local currency financing and...
Ekiti Governor Disburses N1.45 Billion Compensation for Land Acquisition in Knowledge Zone Project
Ekiti State Governor, Mr. Biodun Oyebanji, on Tuesday officially handed over compensation cheques totaling N1.45 billion to 195 indigenous landowners from Ijan, Awo,...
Visionary Leadership and Transformative Impact – Tanzania Honors Dr. Akinwumi Adesina’s Legacy at AfDB
The President of the African Development Bank Group, Dr. Akinwumi Adesina, has been lauded as “a visionary leader, a tireless son of Africa...
Buhari Applauds Adesina’s Remarkable Leadership as AfDB Presidency Concludes
Former Nigerian President Muhammadu Buhari has publicly praised Akinwumi Adesina for his outstanding leadership during his tenure as President of the African Development...
CBN Governor Olayemi Cardoso Honored as African Banker of the Year 2025
In a prestigious ceremony held in Abidjan, Côte d’Ivoire, Dr. Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN), was named the...
Power Sector Records N700 Billion Revenue Surge in 2024 – Minister Adelabu
Nigeria’s power sector witnessed a remarkable financial turnaround in 2024, generating an additional N700 billion in revenue—a 70 percent increase compared to 2023....
Africa’s $33 Billion SDR Share Sparks Outcry Over Global Financial Inequity
A stark disparity in the distribution of the International Monetary Fund’s (IMF) Special Drawing Rights (SDRs) has ignited a wave of criticism, with...
AfDB Backs Nigerian Youth Bank with $100M, Eyes Job Boom
The African Development Bank (AfDB) has announced a significant $100 million investment to establish the Nigerian Youth Entrepreneurship Investment Bank, a move aimed...