FEC Approves $125m IsDB Loan for Abia’s Infrastructure Development Abia State Government has received approval from the Federal Executive Council (FEC) for a $125 million loan from the Islamic Development Bank (IsDB) to fund its Integrated Infrastructure Development Project. The announcement was made by Mr. Ukoha...

Eight Special Agro-Industrial Processing Zones have been completed by the AfDB and its partners in Nigeria under Phase I, while 28 more are in the pipeline across the country.

AfDB Supports National Grid Stability with $1.2m Grant The African Development Bank on Wednesday said it has committed $1.2m in grants to support a feasibility study on Battery Energy Storage Systems in Nigeria. It said the project will assess grid integration, identify viable business and regulatory...

The election of Dr. Sidi Ould Tah as the 9th President of the African Development Bank (AfDB) at the 2025 Annual General Meeting in Abidjan marks more than a leadership change.

AfDB Projects Naira, Cedi Fall Due to Low Export Earnings African Development Bank (AfDB) has revealed that Nigeria’s naira and the Ghanaian cedi are among the African currencies that are expected to witness a decline this year driven by a potential fall in export earnings. The...

AfDB Grows Capital from $93bn to $318bn in 10 years as Adesina Bows Out The African Development Bank (AfDB) recorded a surge in capital growth, expanding by 241.9% over the past decade. This is just as the institution prepares for a leadership transition this week with...