The President of the African Development Bank (AfDB), Akinwumi Adesina, has described Dangote Refinery and Dangote Fertiliser Plant as the best industrialised projects to happen to Africa, noting their ability to positively impact the economic...
The Board of Directors of the African Development Bank (AfDB) has approved a loan of $170 million to finance a digital and creative enterprises programme in Nigeria. The investment in Digital and Creative Enterprises Program (i-DICE)...
The African Development Bank (AfDB) has postponed the 2021 Africa Investment Forum, scheduled to hold between December 1 and 3, 2021 in Abidjan, Côte d’Ivoire, until further notice over rising global travel restrictions due to the...
The Senate on Wednesday approved President Buhari’s External Borrowing (Rolling Plan) request in the sum of $16,230,077,718, and €1,020,000,000. The Senate also approved a grant component of $125,000,000.00 under the 2018-2020 External Borrowing (Rolling) plan for...
The Minister of Power, Engr. Abubakar D. Aliyu has said the challenges in distribution and the transmission value chain have led to the underutilisation of the 13,000 megawatts (MW) of electricity generation capacity. A statement from...
Minister of industry, trade and investment Niyi Adebayo says the palm oil sector can grow Nigeria’s economy by $1 billion. He spoke on Thursday during his address at the second Andersen Africa-Europe Bridge Conference, held...
The African Development Bank (AfDB) says that Nigeria, South Africa, and Egypt dominated the continent’s portfolio investment market in the last decade. It said the three countries, including Kenya, accounted for about a third of the...
Finance Minister Dr Zainab Ahmed, has stated the Federal Government’s commitment to put in place enabling policies and incentives to attract private sector investments in the Special Agro-industrial Processing Zones to ensure successful implementation. According to...
The board of directors of the African Development Bank has approved a loan of $50m to First City Monument Bank Limited to channel to local enterprises and women-empowered businesses in the agribusiness, manufacturing, healthcare and...
Vice President, Yemi Osinbajo, yesterday, canvassed for improved collaboration between the Federal Government and the states for more democratic dividends and better service delivery to Nigerians. He spoke at the inauguration of the Federal Road Safety...