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AFRICAN Development Bank (AfDB)

17 May
President of the African Development Bank (AfDB) Akinwumi Adesina has turned down calls for him to run for the office of Nigeria's president in the 2023 election. A group of loyalists early May purchased the nomination form of the ruling All Progressives Congress (APC) for Adesina to potentially succeed President Muhammadu Buhari whose second term…
16 Dec 2021
The Board of Directors, African Development Bank (AfDB), has approved the 2022 borrowing program of the institution for up to $10 billion. The amount is expected to be raised from the capital markets. AfDB in a statement said it is active in various international capital markets, including the US dollar, Euro, Australian dollar, and pound…
11 Oct 2021
The African Development Bank (AfDB) on Monday expressed worries over the country’s rising debt service-to-revenue ratio, currently put at 73 percent. President of the bank, Akinwumi Adesina said, although Nigeria's debt to the GDP remains moderate at 35 percent, the government must decisively tackle its debt challenges to grow the economy. Akinwumi spoke at the…
26 Mar 2015
Industry analysts think that this is a significant development, considering that the World Bank had hitherto demurred from lending financial support to investments in coal power technology because it is not clean energy.

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17 mins ago
Accusing asylum seekers of "abusing the system" and urging the need to "take back control", the UK government is once again talking tough on immigration. But its latest pledge to reduce crossings from northern France in small boats comes with a blatant promise to defy international conventions. "It's not racist for anyone... to want to…
17 mins ago
The Christian Association of Nigeria (CAN) in the 19 Northern States and Federal Capital Territory (FCT), Abuja has accused the ruling All Progressives Congress (APC) Government of using hunger and poverty as weapons against Nigerians, on the heels of conducting 2023 General elections. Northern leaders of CAN made the accusation against the Government, led by…
29 mins ago
Former Aviation Minister, Chief Femi Fani-Kayode, has withdrawn an attempted murder suit filed against his ex-wife, Ms Precious Chikwendu before the federal high court Abuja. At the sitting on Thursday, the Prosecution counsel, John Ijagbemi, announced to the court, Abuja shortly after the matter was called for the defendants to take a plea. "The matter…
49 mins ago
The Nigerian Army 33 Artillery Brigade, Shadawanka Barracks, Bauchi has trained 450 personnel and civilians on emotional intelligence. This is contained in a statement by Lt. Sarah Barka of the Directorate of Army Public Relations (DAPR), made available to newsmen on Wednesday in Bauchi. She said that the training was part of the events organised…
53 mins ago
Gov. Simon Lalong of Plateau has commended a police officer and indigene of the state, CSP Daniel Amah, for rejecting $200,000 bribe from armed robbery suspects. The governor’s commendation is contained in a statement issued by his Spokesperson, Dr Makut Macham, on Thursday in Jos. He saluted Amah for his resolve to adhere to the…