Business

China hits EU with new medical device purchase

  • 6th July 2025

China urges caution amid rapid advances in assisted-driving

  • 4th July 2025

Moody’s downgrades Afreximbank’s credit rating to Baa2

  • 4th July 2025
Nigeria to phase out diesel, embrace hybrid energy — Shettima

FG, investors plan $60m green overhaul of Onne

  • 3rd July 2025

Contact Info

Some Populer Post

Nigeria’s debt servicing hits 4.1% of GDP in 2024

Banking

China hits EU with new medical device purchase ban

Business

Tinubu pledges bold reforms to boost agricultural, livestock export

featured
Musk's DOGE team allegedly spying on US govt workers

Elon Musk launches party to challenge US political establishment

News

Tag: AfDB

Banking

Nigeria’s debt servicing hits 4.1% of GDP in 2024 — AfDB

Nigeria’s debt servicing burden climbed to 4.1% of its Gross Domestic Product in 2024, up from 3.7% the previous year, according to the African Development Bank’s latest Country Focus Report. The increase signals mounting financial pressure driven by higher borrowing costs amid tightening global markets and elevated domestic interest rates. The AfDB report highlights that […]

News

Nigeria’s development goals threatened by governance, institutional failures – AfDB

Persistent governance shortcomings continue to hinder Nigeria’s ability to mobilise development finance, despite recent economic reforms, according to the 2025 Nigeria Country Focus Report released by the African Development Bank. Launched in Abuja on Thursday and titled “Making Nigeria’s Capital Work Better for Its Development”, the report warns that Nigeria is struggling to attract and […]

Banking

AfDB, BOI sign $75m deal to boost local healthcare manufacturing

The African Export-Import Bank and Nigeria’s Bank of Industry have signed a $75 million financing term sheet to support local manufacturers under Nigeria’s Presidential Initiative for Unlocking the Healthcare Value Chain. The agreement, formalized on Thursday during the commissioning of Afreximbank’s African Medical Centre of Excellence in Abuja, aims to bolster domestic production of generic […]

AfDB President Adesina criticizes border opening for food imports
featured

Nigeria’s inflation rate to peak at 24.7% in 2025 – AfDB

The African Development Bank, in its latest African Economic Outlook 2025, projects that Nigeria will experience an average inflation rate of 24.7% in 2025, before significantly declining to 17.3% in 2026. The report identifies inflation as one of the most urgent challenges facing Nigeria’s economy in the near term. On Tuesday, Nigeria approved a new […]

AfDB President Adesina criticizes border opening for food imports
Banking

AfDB’s capital surges 241.9% in a decade

The African Development Bank has recorded a remarkable 241.9% increase in its capital base over the past decade, rising from $93 billion in 2015 to $318 billion in 2025. This marks the largest financial expansion in the Bank’s history, positioning it for a major leadership transition this week. Speaking at a breakfast meeting with pressmen […]

Nigerians worse off than in 1960, says AfDB President Adesina
News

Nigerians worse off than in 1960, says AfDB President Adesina

The President of the African Development Bank, Dr. Akinwumi Adesina, has raised alarm over Nigeria’s worsening economic conditions, warning that the country is experiencing a deeper regression than many realise. Speaking at the 20th anniversary dinner of investment firm Chapel Hill Denham in Lagos, Adesina revealed that Nigeria’s current GDP per capita stands at $824—less […]

Economy

AfDB to commit $650m annually to accelerate Nigeria’s economic growth

The African Development Bank Group has unveiled a bold five-year Country Strategy Paper for Nigeria, pledging approximately $650 million annually from 2025 to 2030 to catalyze economic transformation and foster resilience. In a statement on Thursday, AfDB stated that it will provide $2.95 billion over the first four years of the plan, with an additional […]

AfDB launches new country strategy to boost agriculture in Nigeria
News

AfDB launches new country strategy to boost agriculture in Nigeria

The African Development Bank Group has unveiled a new Country Strategy Paper aimed at boosting agriculture and enhancing economic growth in Nigeria. A delegation led by Dr. Abdul Kamara, Director General of AfDB’s Nigeria Country Department, recently met with Nigeria’s Finance Minister, Wale Edun, to strengthen collaboration in key sectors. Dr. Kamara highlighted the launch […]

AfDB, ECOWAS sign $12m agreement to boost Rice production
News

AfDB, ECOWAS sign $12m agreement to boost Rice production

The African Development Bank and the Economic Community of West African States Commission have signed a $12 million grant agreement to implement the Rice Resilient Value Chains Development Project, a major initiative aimed at enhancing food security across West Africa. The signing ceremony, held at the ECOWAS Commission Headquarters in Abuja, Nigeria, marks a significant […]

AfDB to provide $230m trade finance package for Access Bank
News

AfDB to provide $230m trade finance package for Access Bank

The African Development Bank is set to roll out a $230 million trade finance package for Access Bank Plc, aimed at enhancing trade finance activities and improving foreign exchange liquidity for small and medium-sized enterprises in Nigeria. According to a Project Summary Note, the financing package comprises two key components: a $170 million Trade Finance […]

featured News

AfDB announces candidates for 2025 presidential election

The African Development Bank has officially announced the five candidates cleared to contest its upcoming presidential election, scheduled for May 29, 2025. The election will determine the next leader of the AfDB, a crucial institution driving Africa’s economic development and financial stability. According to a statement issued by the AfDB, the candidates were approved by […]

AfDB President Adesina criticizes border opening for food imports
News

AfDB, Interpol partner to tackle financial crimes

The African Development Bank Group has signed a Letter of Intent with the International Criminal Police Organization to enhance cooperation in combating corruption, financial crime, cyber-enabled fraud, and money laundering across Africa. According to the statement on Frida, this partnership, formalized on February 20, 2025, marks the first collaboration of its kind between a multilateral […]

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Email Us: [email protected]

ambusinessng @2025. All Rights Reserved.

Facebook-f Pinterest-p Youtube Instagram Linkedin-in