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9 Sep 2023
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 2023
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 2023
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 2023
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 2023
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 2023
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…
14 Jul 2023
Reeling out data from across the world on how export has changed the fate of economies, President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, urged Nigeria to dump the layback economic models and survival mode ...
11 Jul 2023
African Development Bank (AfDB) has criticised Nigeria’s decision to concentrate on import substitution model, instead of creating wealth through export market development and product diversification.
3 Jul 2023
The African Development Bank Group (AfDB) has approved a loan of $115 million for Abia State for road rehabilitation, erosion control, and solid waste management. AfDB's board of directors in a statement said that the project will create permanent jobs, especially for the youth. “With an estimated population of 553,000 and 814,000 respectively (2022 estimates),…
3 Jul 2023
Subsidy removal on Premium Motor Spirit (PMS) and the jostle towards right pricing of electricity may have triggered a major shift in the pattern of energy consumption, with about 75 per cent of households now exploring solar as their alternative sources of energy.
3 Jul 2023
Board of Directors of the African Development Bank (AfDB) Group has approved a $115 million loan for Abia State to rehabilitate roads, manage erosion and solid waste in Umuahia and Aba.
30 Jun 2023
President Bola Tinubu would be remembered for reversing the traditions. In stark deviance to what his predecessor, Muhammadu Buhari, was known for in his eight years of leadership, he did not only hit the ground running, but also turned the conventional inauguration speech into a policy statement.

Latest

1 hour ago
Xabi Alonso, who was seen by many as Liverpool's top target to replace Jurgen Klopp as their manager, said on Friday he is staying at Bundesliga leaders Bayer Leverkusen next season. The 42-year-old Spaniard has Leverkusen on course for a trophy treble, including their first ever German league crown. "It's been a season of speculation…
1 hour ago
Transaction activities of the stock market on the Nigerian Exchange Ltd. (NGX) declined by 0.08 per cent, making the market capitalisation to close the week at N59.121 trillion.
2 hours ago
The suspended Minister of Humanitarian Affairs and Poverty Alleviation, Betta Edu, on Friday wished President Bola Tinubu a happy 72nd birthday amid allegations of financial misconduct and abuse of office. Edu extended her birthday wishes to Tinubu on X, praising the president's visionary leadership and its positive impact on the nation. https://x.com/edu_betta/status/1773622842233340082?s=31 This gesture comes…
2 hours ago
The Nigerian Government has released N90billion as a subsidy for the payment of fare for the 2024 pilgrimage to the Hajj, Kingdom of Saudi Arabia. Daily Trust reported on Friday that sources in the National Hajj Commission of Nigeria (NAHCON) and the Presidency said the Federal Government provided the funds as subsidies for the pilgrimage.…
2 hours ago
The African Development Bank (AfDB), has signed a 75 million dollar loan agreement with Nigeria’s Indorama Eleme Fertilizer and Chemicals Limited to increase its fertilizer production and develop a port terminal for exports.
3 hours ago
Nigerian afrobeat musician Bisade Ologunde is better known by his stage name, Lagbaja. His signature face mask denotes him as the country’s everyman—the faceless individual. Lágbájá, a Yoruba word, means a person whose name and identity are purposely concealed or an invisible person. He is somebody, anybody, and everyone. It was pretty interesting, if not…
3 hours ago
Russia will begin calling up tens of thousands of soldiers next week in a conscription drive to replenish its armed forces and build up its military reserves.
3 hours ago
The times are tough. It is therefore just appropriate that President Bola Ahmed Tinubu has shunned all forms of celebration of his 72nd birthday. He has great dreams. And a proverb says a man who wants his dream to come true does not sleep. That is a proverb Asiwaju has lived all his life and…
3 hours ago
The times are tough. It is therefore just appropriate that President Bola Ahmed Tinubu has shunned all forms of celebration of his 72nd birthday. He has great dreams. And a proverb says a man who wants his dream to come true does not sleep. That is a proverb Asiwaju has lived all his life and…
3 hours ago
King of the Ewu kingdom, Clement Ikolo, who is one of the suspects declared wanted by the Nigerian military, has been handed over to the military by the police. The spokesperson for the Delta State Police Command, Bright Edafe, confirmed this on Friday. The monarch was one of the eight persons declared wanted by the…