Dangers of opaque loans tied to natural resources by Nigeria, others – AfDB chief
The head of the African Development Bank is calling for an end to loans given in exchange for the continent’s rich supplies of oil or critical minerals used in smartphones…
Nigeria’s public debt stock hits N42trn, over 58% external debt stock concessional, semi-concessional loans – DMO
September 20, 2022 The Debt Management Office (DMO) said Nigeria’s total public debt stock, which was N41.60 trillion (100.07 billion dollars) in March rose to N42.84 trillion (103.31 billion dollars)…
Obasanjo at 85: I wish to be as strong as you when I get to your age – AfDB Boss
March 5, 2022 Dr Akinwumi Adesina, the President, African Development Bank (AfDB) has congratulated former President Olusegun Obasanjo on his 85th birthday, saying he would like to be as strong…
17m housing deficit: FG refutes data, says yet to ascertain purported source – Fashola
July 15, 2021 The Minister of Works and Housing, Babatunde Fashola on Thursday refuted a widespread statistics claiming that Nigeria has a 17 million housing deficit, pointing out that no…
Adesina: How Obasanjo, Jonathan, others gave me AfDB job; wins Anyaoku Award
President Muhammadu Buhari has nominated Dr Akinwunmi Adesina for re-election as the President of African Development Bank (AfDB) just as he was honoured with the Emeka Anyaoku Lifetime Achievement Award…
Nigeria’s Sterling bank to receive $50m line of credit to support Nigeria’s rural population
The African Development Bank has approved a US$50 million line of credit to Nigeria’s Sterling Bank Plc to support micro, small and medium sized enterprises (MSMEs) in strategic…
AfDB approves $15million equity investment in Nigeria, others
The African Development Bank (AfDB) says it has approved 15 million dollars for equity investment in Verod Capital Growth Fund III, a private equity fund for investments in high growth…
Dangote refinery, largest in the world, to cost $14bn
Africa’s richest man, Aliko Dangote, has arranged more than $4.5 billion in debt financing for his Nigerian oil refinery project and aims to start production in early 2020, he told…
Chinese firm joins Nigerian firms, others among companies debarred by AfDB
The African Development Bank (AfDB) Monday debarred CHINT Electric Co., Ltd. for 36 months for lying about its qualifications and experience in multiple bids for ADB-financed projects. It now joins…
Nigeria is far from eliminating malaria – World Health Organization
April 25, 2018 Nigeria is yet to be listed among African countries who have made significant progress in eliminating malaria, a statement by the World Health Organisations (WHO) says. Dr…