Wednesday, 22nd January 2025
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AFDB

2 days ago
President of the African Development Bank (AfDB) Group, Dr Akinwumi Adesina, has said that the bank has made financing plans of $1 billion for the second phase of its Special Agro-Industrial Processing Zones (SAPZ) programme, which would cover the remaining 28 states in Nigeria.
AfDB
4 days ago
The African Development Bank (AfDB) has signed a 700,000 dollars Donor Contribution Agreement with Prosper Africa, a U.S. Presidential initiative, to develop a Credit Rating Online Data Platform for African markets. Beth Dunford, AfDB Vice-President for Agricultural, Human, and Social Development, in a statement on Saturday, said the United States Department of the Treasury was…
13 Jan
Africa Investment Forum (AIF) 2024 has secured $7.6 billion in investment interest for Nigeria. This was disclosed by the President of the African Development Bank (AfDB), Dr Akinwumi Adesina, in a tweet following the conclusion of the event.
13 Jan
‘Those who go a-borrowing, go a-sorrowing’ is a traditional cliché that has diminished in contemporary relevance. Today, not borrowing for infrastructure investment or development guarantees fiscal sorrow in an increasing world of imperative economic interdependence.
12 Jan
Nigeria has garnered $7.6 billion in investment commitments during the Africa Investment Forum 2024, held from December 4 to 6 in Rabat, Morocco. Dr. Akinwumi Adesina, President of the African Development Bank (AfDB), made the announcement on Saturday via his X (formerly Twitter) account. Expressing optimism, Adesina highlighted the involvement of several Nigerian state governors…
9 Jan
Lagos transport system received a boost on Thursday from the African Development Bank (AfDB) with a promise to work with the Lagos Metropolitan Area Transport Authority (LAMATA) to develop another rail line. The bank is also interested in partnering with LAMATA to expand the capacity of the existing rail system. AfDB Vice President, Private Sector…
Plateau State Governor, Caleb Mutfwang, has approved the immediate implementation of the N70,000 minimum wage for workers in the state
3 Jan
Plateau State Governor, Caleb Mutfwang, has said 2025 will be a year of ground-breaking achievements, including massive road construction projects, and revitalisation of the tourism and agricultural sectors
Angry youths in Rivers State have shunned the pleas by Governor, Siminalayi Fubara and stakeholders and embarked on the national hunger protest
22 Dec
To address the growing army of unemployed youths in Nigeria, the Senior Special Adviser to the President of the African Development Bank (AfDB) on industrialisation, Professor Banji Oyeleran-Oyeyinka, has made critical suggestions on what Nigeria needs to do to transform unemployed youths into job creators. According to the National Bureau of Statistics (NBS), youth unemployment…
21 Dec
To further strengthen the internal capacity of its staff, the African Development Bank (AfDB) has entered into a partnership with Project Management Institute (PMI), the world's leading authority in project management.
19 Dec
Nigeria is planning to deploy renewable energy with a $1.7 billion worth of support from the World Bank, African Development Bank and a new $250 million facility from the International Finance Corporation (IFC).
18 Dec
Dr Damola Omole is the Director of Utility Innovation at the Global Energy Alliance for People & Planet (GEAPP).
17 Dec
The African Development Bank Group (AfDB) says it will construct a new state-of-the-art headquarters building in Abidjan, Côte d’Ivoire. AfDB said this in a statement on Tuesday that the decision was approved by the bank’s Boards of Directors. The bank emphasized the importance of maintaining a strong presence in the country and providing a modern…

Latest

NOW
Socio-Economic Rights and Accountability Project (SERAP) has criticised the Federal Government’s decision to authorise a 50 per cent hike in telecommunications tariffs and threatened to challenge the hike in court if it is not reversed in 48 hours.
NOW
Nigeria’s solar capacity has increased by 63.5 Megawatts Peak (MWp), but it still contributes a dismal amount to the country’s energy mix in recent years, Energy Partner at Bloomfield, Dr Ayodele Oni, has said.
3 mins ago
Founder of BAA Consult Limited, Dr Biodun Adedipe, has noted that a major reason the economy is struggling is because its growth is largely driven by the services sector rather than the real sector.
6 mins ago
Chelsea are reportedly weighing up a move for Juventus striker Dusan Vlahovic. Mail Sport reported how Christopher Nkunku has grown frustrated at his lack of game time and that he could be offloaded to Bayern Munich, so the Blues are eyeing replacements.
8 mins ago
Experts have called for innovative financing mechanisms, private sector involvement and international partnerships to drive the effective management and development of the National Inland Waterways Authority (NIWA) without burdening the Federal Government.
16 mins ago
Minister of Communication, Innovation and Digital Economy, Bosun Tijani, has clarified that the 50 per cent tariff increase approved by the Nigerian Communications Commission (NCC) for in the country was necessitated by inflation and rising operation costs.
17 mins ago
Yesterday, the Joint Senate and House of Representatives Committee on Regional Development stirred controversy by barring journalists from a budget defence session with Minister of Regional Development, Abubakar Momoh. 
27 mins ago
The Ministry of Agriculture has confirmed an outbreak of the highly pathogenic avian influenza, also known as bird flu, in a 3,000-capacity poultry farm in Iriebe, Obio/Akpor Local Council of Rivers State.
28 mins ago
The Isoko-Nation Progressive Like-Minds (INPLM) in Isoko North Local Council of Delta State has expressed concern over the rising cost of commodities within the kingdom, calling for urgent action to address the issue.
32 mins ago
At independence in 1960, Nigeria stood tall and proud. As tall as the Iroko and just as towering. After many years of deleterious colonialism, Africa’s most populous economy and democracy was finally able to call its soul its own, deftly spinning away from the deceptive stories