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African Development Bank
October 20, 2022
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African Development Bank and FCMB Sign $50 million Line of Credit Agreement to bolster access to finance for SMEs and Women-empowered Businesses.

The African Development Bank has signed a $50 million Line of Credit Agreement with Nigeria’s First City Monument Bank (FCMB) to support access to finance for small and medium-sized enterprises (SMEs), as well as women-empowered businesses (WEBs). FCMB will use the proceeds of the Line of Credit to finance SMEs and WEBs in Nigeria’s agribusiness,... Read More
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Akin Adeshina
July 28, 2020
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Akin Adesina’s win is a victory for every upright Nigerian

An independent review panel led by an ex-Irish President, Mary Robinson, against the Africa Development Bank (AfDB), has exonerated President of the multilateral lender, Akinwunmi Adesina, of all charges. It was in earlier in May that unidentified whistle-blowers accused the former Nigerian Agriculture minister of handing contracts to acquaintances and appointing relatives to strategic positions... Read More
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AFRICAN DEVELOPMENT BANK
February 13, 2018
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Opinion: Will we heed the African Development Bank’s new warning on Nigeria’s economy?

That Nigeria is a poor country is a verifiable fact, and that the Nigeria government at all levels in words and actions continue to be ambivalent about the above fact is worrisome and beggers belief. In its Africa Economic Outlook report for 2018, the Africa Development Bank (AfDB) has raised alarm on the increasing poverty... Read More
Opinion
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October 27, 2016
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How $29.96bn loan will be spent – FG

The Federal Government has given a breakdown on how it intends to spend the $29.96bn loan it plans to borrow. The FG says it plans to get the loan from the World Bank, African Development Bank, Japan International Co-operation Agency, Islamic Development Bank and China EximBank in the three years In a statement issued on Thursday by the... Read More
The News Blog
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October 24, 2016
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AfDB approves $40m loan for Afe Babalola University

The African Development Bank has approved a $40m loan for the Afe Babalola University, Ado Ekiti, Ekiti State. In a statement on its website, the bank said its board of directors approved the loan on October 19, 2016. The bank said it approved the loan due to inability of young Nigerians to gain admission into universities because... Read More
The News Blog
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September 26, 2016
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We are determined to produce what we eat – Buhari

President Muhammadu Buhari on Monday said the country is determined to stop food importation. He said this on Monday while receiving the President of the African Development Bank, Akinwunmi Adeshina. Buhari said also said his administration will ensure that all those who stole from Nigerians refund them. “God has given us people and resources. It... Read More
The News Blog
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July 17, 2016
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Fitch affirms UBA’s viability rating as Agusto upgrades rating to ‘Aa’

Fitch International, one of the foremost global rating agencies has affirmed United Bank for Africa (UBA) Plc’s viability rating at “B”, as the pan-African banking group continue to sustain its benchmark asset quality and strong profitability amidst industry and macroeconomic challenges. UBA is one of the few banks with strong risk management framework, which has... Read More
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August 13, 2013
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Olusegun Dada: Of the kindergarten presidency and the APC (Y! Politico)

by Olusegun Dada The Presidency and his attack dogs should focus on reducing poverty, fighting malnutrition, insecurity and unemployment in the less than two years it has left in the presidency rather than distract the in-coming government. For a while now, I have noticed with disgust, the level at which the current occupant of Nigeria’s highest... Read More
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December 21, 2012
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Senate approves $7.1bn foreign loans for FG and states

by Akan Ido The Senate yesterday approved the sum of $7.109billion for federal and state governments under the 2012-2014 Medium Term External Borrowing Plan. Of this amount, the sum of $4.846billion was approved for the federal government while 23 states got approval for $2.263billion as their share of the borrowing plan. The money will be... Read More
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