The African Development Bank (AfDB) has estimated that Africa’s informal sector holds revenue potential of about $125 billion, urging governments to harness this opportunity more effectively.

Credit to Nigeria’s private sector rose to ₦81.04 trillion in May 2026, up slightly from ₦80.59 trillion in April, according to new data from the Central Bank of Nigeria (CBN).

The World Bank Group and the African Development Bank (AfDB) announced that Mission 300 has connected more than 50 million people to electricity across 40 countries, nearly doubling the pace of electrification since the initiative began.

The African Development Bank (AfDB) has revealed that Nigerian banks lend only 9.4% of GDP to the private sector, underscoring the limited role of financial institutions in driving business growth and economic development.

The African Development Bank (AfDB) has revealed that power outages cost Nigerian businesses about 3% of their annual sales, forcing firms to spend heavily on generators and other private alternatives.  

FG Seeks AfDB Support for $7bn Aviation Plan   Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo, has met with the President and governors of the African Development Bank in Congo over the proposed $7bn Integrated Aviation Transformation Programme for Africa. The meeting was held as...