AfDB Offers Nigeria, Others $10bn Facility     The African Development Bank Group on Wednesday said it had created a COVID-19 response facility up to $10bn to assist regional member countries in fighting the pandemic. It said the facility was the latest measure taken by the bank to...

Nigeria To Borrow $6.9bn From IMF, World Bank, AfDB   The Federal Government is to raise the sum of $6.9bn through external borrowing from the World Bank, the International Monetary Fund and the African Development Bank. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed,...

AfDB Lists $3bn Social Bond On LSE     The African Development Bank’s (AfDB) “Fight Covid-19” social bond, the largest social bond to date to be issued in the capital markets, has been listed on London Stock Exchange (LSE) and is now available through its sustainable bond...

AfDB Unveils $3bn COVID-19 Bond   The African Development Bank (AfDB) has raised $3 billion in a three-year bond to help alleviate the economic and social impact the Covid-19 pandemic will have on livelihoods and Africa’s economies. The Fight Covid-19 Social bond, with a three-year maturity, garnered...

Power: AfDB Signs $200m For Nigeria’s Projects   The African Development Bank has signed for the release of $200m (about N61.2bn) to Nigeria for the expansion of the country’s power transmission infrastructure. It was gathered in Abuja on Monday that the fund signed last week by the...

Abia Govt Seeks Support As AfDB’s Investment Hits $74.5m   Abia State has approached the African Development Bank for more support as the bank’s investment in the state rose to $74.5m since the Bank Group commenced operations in Nigeria in 1971. A statement said 53 per cent...