30 results
- 20 Apr 2018
EIB, AfDB to invest US$70m in Development Bank of Nigeria
The European Investment Bank and the African Development Bank have agreed to support the creation of the new Development Bank of Nigeria to strengthen lending for business and agriculture investment…
- 9 Jul 2021
Cities & Villages Development Bank Partner ICSFS to Become a Cloud-first Bank
Cities and Villages Development Bank (CVDB), a publicly owned bank that finances Jordanian municipalities for the development of their infrastructure, has selected ICS BANKS Universal Banking…
- 25 Aug 2013
Union Bank Develops ‘Bank-of -the-Future’ Prototype
Union Bank of Nigeria Plc has entered into a collaborative initiative with Samsung Electronics West Africa, to develop a ‘Bank-of -the-Future’ prototype aimed at providing superior experience in…
- 6 Oct 2014
FG urges EU to Invest in Development Bank
Federal Government has urged the European Union to invest in the proposed Wholesale Development Bank through the union’s development financing outfit, the European Development Bank. A statement from…
- 27 Mar 2013
BRICS Development Bank to Rival IMF, the World Bank
Geoffrey Wood, Professor of International Business said that the new BRICS Development Bank can rival the International Monetary Fund (IMF) and the World Bank if it can reconcile its competing…
- 25 Apr 2018
Multilateral Development Banks Present Study on Technology’s Impact on Jobs
Rapid technological progress provides a golden opportunity for emerging and developing economies to grow faster and attain higher levels of prosperity. However, some disruptive technologies could…
- 25 May 2018
African Development Bank Delivers Strong Operational Results
The African Development Bank is delivering on its goals and making good progress towards achieving its development and operational targets according to the 2018 Annual Development Effectiveness…
- 2 Nov 2019
African Development Bank Celebrates Historic Capital Increase
The African Development Bank on Thursday celebrated a historic $115 billion increase from its shareholders, the largest in the bank's 55-year history. Applause rang through the stately auditorium of…
- 20 Jan 2018
Nigeria Offers to Host African Development Bank’s Regional Hub
Counting on its position as the largest shareholder of the Bank since inception, the Government of Nigeria has made a formal request to the African Development Bank to host its regional office in…
- 20 Jan 2021
AfDB, European Investment Bank Sign Joint Partnership Action Plan to Fast-track Development in Africa
The African Development Bank (AfDB) and the European Investment Bank (EIB) have signed a joint partnership action plan highlighting their strengthened cooperation and mutual development priorities…
- 6 Apr 2017
FG Approves $1.3Bn Take-off Grant for Development Bank of Nigeria
The Federal Executive Council has approved a 1.3 billion dollars loan credit facility for the commencement of the Development Bank of Nigeria. The approval came on the heels of a memo submitted by…
- 14 Jul 2017
AfDB Inaugurates N1Bn Support for SMEs Development Through Fortis bank
The African Development Bank (AfDB) has inaugurated N1 billion loan through Fortis Microfinance Bank Plc to help boost Small and Medium Enterprises (SMEs) development in the country. Mr Ilan Wolkov,…
- 13 Jun 2018
African Development Bank launches 1st Electricity Regulatory Index
The African Development Bank will on 20 June 2018 launch its flagship Electricity Regulatory Index (ERI) – a special report that measures the level of development of the regulatory frameworks in…
- 17 Jun 2020
Nasdaq Admits African Development Bank to Sustainable Bond Network
Nasdaq yesterday announced the inclusion of the African Development Bank, one of the world’s largest issuers of social bonds, in the Nasdaq Sustainable Bond Network (NSBN). The NSBN is a global and…
- 10 Jun 2024
African Development Bank, Intel to Train Millions in AI
The African Development Bank and technology firm Intel have partnered to reshape Africa's digital ecosystem, with the goal of training 3 million Africans and 30,000 government officials in artificial…
- 26 Sept 2022
Development Bank of Nigeria to Hold its 3rd Annual Lecture Series
Development Bank of Nigeria Plc, Nigeria’s first wholesale development finance institution is set to hold its 3rd annual lecture series, a thought leadership initiative that provides a platform for a…
- 2 Sept 2015
African Development Bank Expands its African Bond Index
The African Development Bank (AfDB) through the African Financial Markets Initiative (AFMI) launched its AfDB/ AFMISM Bloomberg® African Bond Index (ABABI) in February 2015. Calculated by Bloomberg…
- 17 Nov 2008
World Bank Assists Developing Countries with $100b
The World Bank has advocated for a rapid response to the spreading global financial crisis, promising that it would substantially increase financial support for developing countries to $100 billion…
- 19 Nov 2024
FG to Establish National Youth Development Bank to Support Young Nigerians
Federal Government is to establish a National Youth Development Bank and a Youth Data Bank, according to President Bola Tinubu. President Bola Tinubu, represented by Kashim Shettima, his vice, ,…
- 2 Feb 2021
S&P Global Affirms African Development Bank’s AAA rating with Stable Outlook
Ratings agency S&P Global has affirmed its “AAA/A-1+” foreign currency issuer credit rating of the African Development Bank with a stable outlook. The ratings agency said its outlook reflected…
- 25 Mar 2019
Local Software Developers Berate Banks over Non Patronage
Indigenous software developers have berated financial institutions in the country over lack of patronage of home grown core banking applications. This is as Nigeria commercial banks spend some…
- 14 Aug 2015
Fitch Affirms African Development Bank at 'AAA'
Fitch Ratings has affirmed the African Development Bank (AfDB)'s Long-term Issuer Default Rating (IDR) at 'AAA' with a Stable Outlook. The Short-term IDR has been affirmed at 'F1+'. A full list of…
- 16 May 2024
World Bank Blacklists 58 Nigerian Firms, Individuals over Corruption
World Bank has blacklisted 58 Nigerian companies and individuals for engaging in corrupt practices, a move which comes as part of the institution’s ongoing efforts to uphold integrity and…
- 29 Feb 2016
Urama Joins African Development Bank
Professor Kevin Urama, who was appointed in 2013 to head the Research Lab of Swiss based investor advisor Quantum Global, has left his post to join the African Development Bank as a Senior Policy…
- 18 Jul 2017
FG to Establish ICT Development Bank
Adebayo Shittu, minister of Communications, has said the Federal Government will soon establish a specialized bank to cater for the development of the Information and Communications Technology…
- 23 Aug 2020
Nigeria Doubles African Development Bank Voting Rights
Nigeria has almost doubled its voting rights in the African Development Bank to 16.8% before the lender’s annual meetings next week, as one of its own seeks re-election at the helm of the lender…
- 2 Oct 2019
CBN, Banks to Develop Creative Industry Parks across Nigeria
Central Bank of Nigeria (CBN) is to develop creative industries parks across three major cities, with Lagos as the pilot scheme, according to Mr. Godwin Emeifele, governor of the apex bank. …
- 22 Jun 2020
S&P Global Affirms African Development Bank’s AAA Rating, with Stable Outlook
Ratings agency S&P Global has affirmed its 'AAA/A-1+' long- and short-term issuer credit assessment of the African Development Bank (AfDB) with a stable outlook. The rating agency positively…
- 26 Mar 2018
How FG Can Score with ICT Development Bank
Nigeria has made much progress in the ICT sector with investments in excess $70 billion. With contribution of 11.3 per cent to the nation’s Gross Domestic Product (GDP); the ICT sector has…
- 21 May 2019
Ministry of Communications Pushing for ICT Development Bank – Shittu
Barr. Adebayo Shittu, Minister of Communications, has said that the Ministry was pushing for the establishment of an Information Communication Technology (ICT) Development Bank to provide funding for…