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African Development Bank

2023: Group picks N100 million APC presidential forms for AfDB President Adesina

THE President of African Development Bank,(AfDB) Akinwumi Adesina has joined the growing list of aspirants who have picked the expression of interest and nomination...

AfDB supports Africa’s climate finance with $25bn

THE African Development Bank (AfDB) has initiated plans to double the amount of climate finance for Africa between 2020 and 2025 to $25 billion. The...

AfDB, Abu Dhabi Fund for Development sign MoU for closer collaboration

AFRICAN Development Bank President (AfDB) Akinwunmi Adesina and the Director General of the Abu Dhabi Fund for Development, Mohammed Saif Al Suwaidi, have signed...
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World Bank blacklists four Nigerian firms for procurement fraud

THE World Bank has suspended at least four Nigerian firms for engaging in procurement frauds. One of the firms is Sargittarius Nigeria Limited, located...

Extortion economy: How AMAC officials frustrate businesses in Abuja through shady tax deals

IN Nigeria’s capital city, Abuja, thousands of business owners are on the brink of financial failure owing to illegal and arbitrary taxes demanded by...

COVID-19 response: World Bank, AfDB approve total of $402.5m for Nigeria

THE World Bank and African Development Bank (AfDB) have approved a total of $402.5 million for Nigeria for the fight against COVID-19 pandemic and...
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AfDB president, Akinwumi Adesina, under scrutiny by independent review panel over whistleblower’s allegations

THE BUREAU of the board of governors of  African Development Bank has set up a panel to carry out an independent review of the...

Buhari throws weight behind Akinwunmi Adesina’s re-election bid as AfDB president

PRESIDENT Muhammadu Buhari on Tuesday assured Akinwumi Adesina, embattled President of the African Development Bank (AfDB) of Nigeria's  support  in his bid to get...

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Privatisation council approves fast-tracking concession of Zungeru power plant

THE National Council on Privatisation has approved the fast-tracking of the work plan for the concession of the Zungeru...

Court jails Senator Nwaoboshi for seven years over money laundering

THE Lagos Division of the Court of Appeal has sentenced a serving Senator, Peter Nwaoboshi, to seven years in...

Nigeria-UK Migration Agreement: Smugglers, illegal migrants to face maximum sentence, deportation

THE United Kingdom government has signed a new migration agreement with Nigeria that will deter illegal migration, the Home...

Buhari condemns Shiroro attack, asks Nigerians to pray for safe return of abducted victims

PRESIDENT Muhammadu Buhari has condemned Thursday's terrorist attack in Shiroro Local Government Area of Niger State, describing it as...

Court orders NIMC, NIS to release kidney donor’s biodata to Ekweremadu

A FEDERAL High Court in Abuja has ordered the National Identity Management Commission (NIMC) and the Nigeria Immigration Service...
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