Nigeria and her African counterparts hold the oddly familiar record of a humongous debt burden whose maintenance cost is competing with earnings and development prospects. Yet, to the same continent belongs the unenviable report of illicit financial flow that rivals the debt volume. But mending the fiscal basket case is the ambitious mandate the African…

Pause for a moment and imagine what Nigeria or other Africa countries can do with an extra $90 billion a year.

The Public Finance Management Academy for Africa (PFMA), an initiative of the African Development Bank (AfDB), has graduated 51 participants in the first cohort of the capacity building for finance and debt management across the continent.

United Bank for Africa (UBA) has received a $175 million financial package from the Africa Development Bank (AfDB) Group for enhancing its support to the private sector and financing of Nigeria’s infrastructure development This facility comprises a $100 million in long-term senior debt, $50 million of trade finance medium-term senior debt and a $25 million…

The President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, has called on African leaders to create quality jobs for its teeming unemployed youths to stem the trend of brain-drain bedeviling the continent.

The President of the African Development Bank, Dr Akinwunmi Adesina will on Friday, 8th December, 2023 deliver the Convocation Lecture at the Second Veritas University Digital Innovations Exhibition and 12th Convocation Lecture in Abuja.

A United Nations Conference on Trade and Development (UNCTAD) report on critical mineral trade flows in electric car batteries has revealed the huge opportunity in the value chain for Nigeria and other mineral-rich developing countries.

To gain the respect of developing countries, Africa must turn itself into a global powerhouse in food and agriculture, by taking advantage of its vast natural resources to develop its economies and transform the lives of the people.

The inability of Nigeria to feed itself in the face of rising population and over $6.7 trillion natural resources may increase the food import burden to $110 billion in the next two years, the President of African Development Bank Group (AfDB), Dr Akinwumi Adesina, said yesterday.

African Development Bank (AfDB) has signified intention to loan Nigeria $134 million as an integral part of the National Agricultural Growth Scheme and AgroPocket (NAGS-AP) Project.

Nigeria and African countries face significant capacity gaps in macroeconomic modeling, despite the huge strides they have made in terms of forecasting, analysis and effective policy management, a new African Development Bank (AfDB) Group study has said.

The African Development Bank (AfDB) Group, has inaugurated the Bank’s Maiden report on “Benchmark Macroeconomic Models for Effective Policy Management in Africa”.