AfDB, DMO Partner to Clear Nigeria, others’ Debt The African Development Bank Group and the Debt Management Office have revealed that they are seeking to tackle Nigeria and the African continent’s debt challenges through the formation of a debt managers network Debt sustainability has reached critical...

FG Approves AfDB’s $1bn Loan The Federal Executive Council (FEC) has approved a concessional budget support financing of $1 billion from the African Development Bank (AfDB). Minister of Finance and Coordinating Minister of the Economy, Wale Edun, announced this on Monday after the federal cabinet meeting...

AfDB Invested Over $10bn in Nigeria in 52 Years   The African Development Bank (AfDB) Group has invested over $10 billion in Nigeria since 1971. This disclosure was made in a statement released by the development bank, coinciding with the visit of seven newly elected North...

AfDB Pledges $618m to Boost Nigeria’s Creative Industry  The African Development Bank has said that arrangements are in the pipeline to disburse $618m for the implementation of Nigeria’s investment in digital and creative enterprise programme. AfDB’s country Director-General for Nigeria, Lamin Barrow made the disclosure on...

Africa’s Food, Agribusiness Sector to Profit $1tn by 2030 - AfDB The African Development Bank (AfDB) has stated that Africa’s food and agribusiness sector is estimated to hit $1 trillion by 2030. This, the AfDB said, would present significant opportunity for businesses to invest in the...

FEC Approves $1.58bn Loan Requests from World Bank, AfDB The Federal Executive Council (FEC) has approved a $1.58 billion loan request for the Federal Government. Briefing State House correspondents after Monday's meeting, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, said the...