June 08, 2016
Nigeria: AfDB Approves U.S. $ 150-Million Line of Credit to Nigeria's United Bank for Africa PLC
The Board of Directors of the African Development Bank Group (AfDB) through its private sector window has approved a USD 150-million line of credit (LOC) to United Bank for Africa… Read more »
May 17, 2016
Nigeria: Scaling Agriculture As Development and Diversification Strategy for the North West Region of Nigeria
From Left Governor Tambuwal of Sokoto, Masari of Katsina, Ganduje of Kano, Ousmane Dore of AfDB, Badaru of Jigawa, El-Rufai of Kaduna and Deputy Governor of Zamfara State Read more »
April 16, 2016
Nigeria: AfDB Governors From Rwanda and Nigeria Paint Realistic - and Optimistic - Picture of Africa
The 'High 5s' - the African Development Bank's top five priorities for Africa - came through loud and clear when two of the Bank's Governors discussed the economic state of the… Read more »
February 01, 2016
Africa: AfDB and Nigeria's Kano State Government Discuss Development Collaboration
Governor Ganduje presents the Kano State Development Road Map to AfDB Country Director Ousmane Dore Read more »
Africa: African Development Bank to Contribute to Funding Nigeria's Deficit
The Federal Government of Nigeria has approached the African Development Bank for Budget Support Loan of US $1 billion. Read more »
January 07, 2016
Africa: AfDB and Nigeria's Federal Government to Spend Us $300m On Youth Agriculture Scheme
The African Development Bank (AfDB) and the Federal Government of Nigeria are planning for long-term solutions to youth employment in the agricultural sector. They will spend about… Read more »
November 19, 2015
Africa: AfDB Showcases Abidjan-Lagos Road Corridor As Model of Infrastructure Driven Regional Integration
A key activity of the just concluded Programme for Infrastructure Development in Africa (PIDA) Week was a site visit to the Abidjan-Lagos corridor, where participants came face to… Read more »
September 16, 2015
Africa: Nigerian Entrepreneur's Award-Winning Clean Energy Project Ensures Cooking Does Not Kill
Femi Oye, winner of the first-ever West African Forum for Clean Energy Financing (WAFCEF) award in 2013, is living his dream of contributing to women's health in Nigeria and… Read more »
August 19, 2015
Africa: Kayizzi-Mugerwa Presents Paper At the Nigerian Economic Society Annual Lecture in Abuja
African Development Bank Acting Chief Economist and Vice-President Steve Kayizzi-Mugerwa was guest speaker at the annual lecture of the Nigerian Economic Society on Thursday,… Read more »
August 11, 2015
Nigeria: President Kaberuka Pays Visit to Nigeria
The President of the African Development Bank, Donald Kaberuka, on Monday, August 10, 2015, made his last official trip to Nigeria as he prepares to hand over leadership of the… Read more »
June 04, 2015
Africa: Board Welcomes New Executive Director for Nigeria and São Tomé and Príncipe
The African Development Bank Group (AfDB) Board welcomed the Executive Director for Nigeria and São Tomé and Príncipe, Bright Okogu, at their regular meeting… Read more »
May 28, 2015
Africa: Akinwumi Adesina of Nigeria Elected 8th President of the AfDB
"Today, I have been given a great responsibility," Akinwumi A. Adesina said Thursday upon his election as the 8th President of the African Development Bank Group. Read more »
Africa: Akinwumi Adesina of Nigeria elected 8th President of the AfDB
Akinwumi Adesina was elected as the 8th President of the African Development Bank on Thursday, May 28. Read more »
December 10, 2014
Nigeria: Sefa to Help Scale-Up Innovative Clean Cooking Business in Nigeria
The Sustainable Energy Fund for Africa (SEFA) approved a US $580,000 preparation grant for the expansion of Green Energy & Biofuels (GEB) Bio-refinery project in Nigeria. The… Read more »
November 04, 2014
Africa: President Donald Kaberuka On AfDB's 50th Anniversary - Celebrating the Journey, Rededicating to the Future
Fifty years ago, on 4 November 1964, Ministers from 23 then independent African States convened in Lagos, Nigeria, for the inaugural meeting of the Board of Governors of the… Read more »
October 10, 2014
Nigeria: African Water Facility Supports the Development of Komadugu-Yobe Basin in Nigeria
The African Water Facility announces today, October 10, 2014, that it had offered the Hadejia-Jama'are-Komadugu-Yobe Basin Trust Fund a €2 million grantfor the preparation of… Read more »
October 06, 2014
Africa: AfDB Approves U.S. $12 Million Line of Credit to Nigeria's Lapo Microfinance Bank
The Board of Governors of the African Development Bank Group (AfDB) through its private sector window approved on Wednesday, October 1 a USD 12 million line of credit (LOC)… Read more »
September 23, 2014
Nigeria: Microfinance - U.S. $ 5 Million Line of Credit to Benefit 1,500 Entrepreneurs and Create 2,500 New Jobs
The Board of Governors of the African Development Bank Group (AfDB) through its private sector window approved on September 18, 2014 a USD 5 million line of credit (LOC) equivalent… Read more »
July 18, 2014
Nigeria: AfDB Issues its Inaugural Local Currency Bond in the Nigerian Capital Market
After receiving the Securities and Exchange Commission ("SEC") of Nigeria's approval to establish a NGN 160 billion Medium Term Note (MTN) Programme and "No Objection" from the SEC… Read more »
June 17, 2014
Nigeria: AfDB Approves USD 300 million Loan to Boost Fuel Supply and Fertilizer Production in Nigeria
The Board of Directors of the African Development Bank (AfDB) approved on 13 June 2014 a loan of USD 300 million to Dangote Industries Limited for the construction and operation of… Read more »
May 23, 2014
Nigeria: Exim Bank of India and Nigeria Sign Us $100 Million Loan for Energy Development
The Export-Import Bank of India (Exim Bank) and Nigeria signed a US $100-million line of credit agreement on May 22, for the financing of three energy projects in the provision of… Read more »
May 22, 2014
West Africa: Capacity Building for Ecowas Parliamentarians On Accountability in Social Sectors
On average 40-60% of public expenditure goes to social spending in Africa, which calls for improved governance, and voice and accountability in social spending. In order to foster… Read more »
May 07, 2014
Nigeria: AfDB in Solidarity With the Nigerian Community On the Case of the Chibok Girls
"To be educated means... I will not only be able to help myself, but also my family, my country, my people. The benefits will be many." - Meda Wagtole, schoolgirl, Ethiopia Read more »
April 08, 2014
Africa: State Becomes Largest Economy in Africa With U.S.$509.9 Billion GDP
Nigeria has become the largest economy in Africa and 26th largest in the world following the rebasing of its Gross Domestic Product from 1990 to 2010 constant prices. Read more »
Nigeria: Nigeria Becomes Largest Economy in Africa With $590.9 Billion GDP
Nigeria has become the largest economy in Africa and 26th largest in the world following the rebasing of its Gross Domestic Product from 1990 to 2010 constant prices. Following the… Read more »
