AFDB
2 days ago
The African Development Bank(AfDB) Group has unveiled a country-by-country economic reportson Africa’s climate change and green growth financing needs. The aim of the report is to guide African policymakers in their discussions during the 28th United Nations(UN) Conference on Climate Change (COP 28). The bank in a statement said the global event would take place…
20 Sep
Nigeria's electricity supply once again faced a significant setback, with power generation plummeting from a peak of 3,594 mega watts around 1:00a.m. yesterday to a mere 42.7MW.
15 Sep
Poor management of the Transmission Company of Nigeria (TCN), especially the national electricity grid, where over $7.5 billion has been invested in the last 10 years, yesterday, led to the collapse of the system, bringing the collapse to 138 since the power sector was privatized.
13 Sep
Projections that the country’s unemployment rate would hit 37 per cent in 2023, while the country’s poverty headcount would also rise to 45 per cent are certainly worrisome. The projections emerged from the Nigerian Economic Summit Group...
13 Sep
The African Development Bank (AfDB) has pledged to support the Eritrean government in developing its blue economy, industrial processing zones, financial markets and agriculture and energy.
12 Sep
President of African Development Bank (AfDB) Group, Dr. Akinwumi Adesina, has expressed sympathy to the people of Morocco, following Friday’s earthquake, saying the bank is in solidarity with them and is prepared to provide support. In a statement, Akinwumi said: “I am shocked and profoundly distressed by the heavy loss of lives in this tragedy,…
9 Sep
The African Development Bank(AfDB) has unveiled the Africa Climate Risk Insurance Facility for Adaptation (ACRIFA) to insulate countries against catastrophic weather-related events.
7 Sep
President of African Development Bank (AfDB), Dr. Akinwumi Adesina, has announced a new $1 billion fund to accelerate climate financing for Africa's youth businesses.
4 Sep
Enugu was a strategic city in the post-colonial economy of Nigeria. But with the deprivation of the last few decades, the city lost its vigour.
10 Aug
West Africa experienced slower economic growth in 2023, except for Cape Verde, The Gambia, Guinea, Mali, and Niger, said African Development Bank (AfDB). The bank disclosed this in its 2023 West Africa Economic Outlook report, which was released in Abuja, yesterday.
23 Jul
I wish the new authorities in Abuja would listen to the many voices of reason and wisdom, which continue to pour in at this time that photo opportunities should be frozen immediately.
14 Jul
The African Development Bank (AfDB) said Nigeria loses $29 billion due to poor power supply annually while manufacturers in the country spend as much as N10.1 trillion on energy. AfDB president Dr. Akinwumi Adesina made this disclosure on Thursday as he raised concerns over the epileptic power supply in Nigeria while calling for an industrial…
Latest
9 mins ago
As part of 63rd independence celebration, Nigerians in the diaspora have stormed the High Commission in London demanding for just and fair Kano governorship election trial. The placard-carrying Nigerians protest alleged interference of the All Progressive Congress (APC) under Abdullahi Umar Ganduje in the Kano governorship election petition tribunal. The protesters waved different placards…
17 mins ago
The Ohanaeze Ndigbo socio-cultural organization has urged President Bola Tinubu to grant an unconditional pardon to Nnamdi Kanu, leader of the Indigenous People of Biafra (IPOB), and Yoruba Nation freedom fighter, Sunday Igboho, to the sacrifices of late nationalists like Nnamdi Azikiwe, Obafemi Awolowo, and Ahmadu Bello. In a statement to mark Nigeria’s 63rd anniversary…
22 mins ago
The Netherlands halted extraction from Europe's biggest gas field on Sunday, which was resulting in earthquakes that have shaken local residents for decades and threaten to persist.
1 hour ago
Leicester thrashed Blackburn 4-1 to return to the top of the Championship on Sunday.
1 hour ago
Gov. Chukwuma Soludo of Anambra State, has renamed the state’s International Passenger and Cargo Airport after late Chinua Achebe, a novelist, to immortalise him for making an indelible mark on the history of human civilisation.
1 hour ago
The match officials at fault for a botched VAR call that cost Liverpool a goal in their 2-1 defeat at Tottenham on Saturday have been removed from duty for the rest of the Premier League weekend.
1 hour ago
Four Paris Saint-Germain players on Sunday apologised for offensive chants aimed at rivals Marseille after a Ligue 1 game, saying they "sincerely regretted" their words.
1 hour ago
From a young age, men are exposed to a multitude of expectations that shape the course of their lives. These expectations are woven into the fabric of family traditions, cultural norms, and societal constructs of masculinity. This article delves deep into the intricate web of these expectations, exploring how they mould men's psyches, influence their…
2 hours ago
The United States District Court in Northern Illinois has ruled that Chicago State University (CSU) must release President Bola Tinubu's academic records to Nigerian opposition candidate Atiku Abubakar by noon on Monday. The documents are sought for use in Nigerian courts to support allegations that Mr. Tinubu forged a diploma certificate he claimed to have…
2 hours ago
The Kogi Police Command on Sunday launched investigation into alleged reports of political clashes and violence in Kogi as the Governorship election draws closer. The News Agency of Nigeria (NAN) reports that the Police action was sequel to a report of alleged attack on the SDP Campaign train at Koton-Karfe where some persons were said…