Business

Global markets brace for prolonged volatility as economic

  • 30th May 2026

Lagos waste recovery facilities to create 5,000 new

  • 30th May 2026

PoS operators threaten to suspend Verve card transactions

  • 30th May 2026

Dangote Sugar launches massive ₦486bn rights issue

  • 30th May 2026

Contact Info

Some Populer Post

OPay surpasses 45m users, expands merchant network nationwide

Business

Global markets brace for prolonged volatility as economic shock

Business

Anthropic becomes most valuable AI firm after $65bn raise

Tech

Dangote Refinery slashes petrol gantry price by ₦25 to

featured Oil and Gas

Tag: AfDB

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 […]

Nigeria needs debt relief - AfDB
News

AfDB, W’Bank pledge $40bn to Mission 300 initiative

The President of the African Development Bank, Akinwumi Adesina, has announced that the AfDB and the World Bank Group are committing $40 billion to the Mission 300 initiative, which aims to provide electricity to 300 million Africans by 2030. This was disclosed by Adesina disclosure during his opening remarks titled, “From Ideas to Action to […]

News

Illicit flows cost Nigeria, others $1.6bn daily – AfDB

The African Development Bank Chief Economist, Kevin Urama, has disclosed that Africa loses approximately $1.6 billion daily due to illicit financial flows and profit shifting by multinational corporations operating on the continent. This significant financial leakage undermines economic growth and development in African nations. Urama made this revelation during an interview, according to The Punch. […]

AfDB launches new country strategy to boost agriculture in Nigeria
News

Nigeria, Africa need $74bn for debt servicing – AfDB

The Vice President and Chief Economist of the African Development Bank, Prof. Kevin Urama, revealed that Nigeria and other African countries need approximately $74 billion for debt servicing this year. This comes amid increasing challenges in accessing affordable liquidity, further straining the financial stability of these nations. Urama disclosed this during his opening remarks at […]

AfDB President Adesina criticizes border opening for food imports
featured

AfDB secures $2.2bn for Nigeria’s agro-Industrial hubs

The African Development Bank Group has mobilized $2.2 billion to support the second phase of Nigeria’s Special Agro-Industrial Processing Zones (SAPZ) initiative. This disclosure was made at the Africa Investment Forum in Morocco, where Nigerian governors, diplomats, multilateral organizations, and private sector investors gathered to demonstrate their commitment to advancing agro-industrial development, creating jobs, and […]

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

AfDB offers strategic solutions for Africa’s debt, forex challenges

The African Development Bank has outlined key strategies for Nigeria and other African nations to address rising debt burdens and foreign exchange difficulties. These insights were shared by the Bank’s Vice-President for Economic Governance and Knowledge Management, Prof. Kevin Urama, in a recent interview with the News Agency of Nigeria. Urama discussed Nigeria’s debt profile, […]

News

21 states join AfDB’s N850bn agricultural programme

The African Development Bank has engaged 21 states for the second phase of its Special Agro-Industrial Processing Zones Programme. Governor Hope Uzodimma disclosed this to pressmen after the 146th National Economic Council meeting in Abuja. Uzodimma said the pilot phase, involving Kano, Kaduna, Kwara, Oyo, Ogun, Imo, Cross River States, and the FCT, is nearing […]

AfDB President Adesina criticizes border opening for food imports
featured

FG to get fresh $500m loan from AfDB

The Federal Government will receive a $500 million loan from the African Development Bank Group to fund the initial phase of the Economic Governance and Energy Transition Support Program. EGET-SP is an initiative aimed at accelerating the transformation of the country’s electricity infrastructure and improving access to cleaner sources of energy. These efforts would decentralize […]

New SEC regulation to enhance transparency in bank recapitalization
News

SEC, AfDB demand green finance acceptance to drive eco-friendly economy

The Securities and Exchange Commission in partnership with the African Development Bank, have urged for a greater acceptance of green finance as a strategy to address climate change and promote a sustainable economy in the country. This was disclosed by the Director-General of the Securities and Exchange Commission, Emomotimi Agama at a capacity-building workshop for […]

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