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The Minister of Power, Mr Saleh Mamman, has assured Nigerians that effective metering will tackle the challenges of liquidity and energy theft in the power sector.

Minister: Why we suspended electricity tariff hike

The Minister of Power, Engr. Saleh Mamman, has explained that the suspension of take-off of the new electricity tariff hike till next three months was in line with President Muhammadu Buhari’s announcement of March 29 granting a moratorium for certain Federal Government’s funded facilities to the Nigerian public.

Akinwumi Adesina hails Victor Oladokun as he retires as AfDB’s communications chief

President of African Development Bank (AfDB), Dr Akinwumi Adesina, has commended the outgoing Director of Communication and External Relations Department of the bank, Dr. Victor Oladokun, for his exceptional leadership.

200,000 farmers benefit from $2.2 million fertilizer project

The Africa Fertilizer Financing Mechanism (AFFM) has kick-started a $2.2 million project to provide fertilizer suppliers in Nigeria with financial support to improve supply for 200,000 smallholder farmers.
The African Development Bank, AfDB, says it has approved a 70 million dollar loan for a road project in Ebonyi. The bank said on its website on Friday that it would provide $40 million, while its co-financier, the Africa Growing Together Fund (AGTF), would contribute $30 million for the project.

AfDB signs first private sector loan in Sudan

The African Development Bank has signed an agreement with DAL Group, one of Sudan’s largest conglomerates, for the provision of up to $75 million to improve food security and household incomes in the country. The agreement is the Bank’s first private sector loan to the East African nation.
The Vice-Chancellor, University of Calabar, Prof. Zanna Akpagu, says the university will confer an honorary doctorate degree on the Liberian Vice President, Dr Jewel-Howard Taylor, during its convocation on Saturday.

University of Calabar to honour Liberian Vice President

The Vice-Chancellor, University of Calabar, Prof. Zanna Akpagu, says the university will confer an honorary doctorate degree on the Liberian Vice President, Dr Jewel-Haward Taylor, during its convocation on Saturday.
The African Development Bank, AfDB, says it has approved a 70 million dollar loan for a road project in Ebonyi. The bank said on its website on Friday that it would provide $40 million, while its co-financier, the Africa Growing Together Fund (AGTF), would contribute $30 million for the project.

AFDB to invest $200 million on mini-grids roll out

The African Development Bank (AfDB) has disclosed plans to invest $200 million on roll-out of mini-grids to boost power supply in Nigeria.
The state Commissioner for Information and Communication, Mr Kingsley Fanwo, confirmed this to newsmen in Lokoja on Thursday.

National Assembly approves Kogi’s $100 million loan request

The Kogi State government says it has received the approval of the National Assembly to obtain a foreign loan of $100 million (N36 billion).

Abia governor seeks partnership with AfDB to transform state into industrial hub

Abia State Governor, Okezie Ikpeazu, Wednesday, told the African Development Bank that a thriving entrepreneurship industry and agricultural base in the State are the foundation for the creation of a potentially viable industrial hub.
President of the Senate, Ahmad Lawan, disclosed on Tuesday that the Senate may next week consider the report of an Ad-Hoc Committee on security challenges with a view to finding solutions to Nigeria’s security problems.

Senate moves to establish national agric fund

Moves by the Senate to establish the National Agricultural Development Fund to provide finance to support strategic aspect of agricultural development in Nigeria.
Barrister Gnene Joi Nunieh

NDDC explains why Joi Nunieh was axed as acting chief

The Niger Delta Development Commission, NDDC, Thursday released the statement below countering claims on why its former Acting Managing Director/CEO, Gbene Dr. Joi Nunieh was removed from the post barely 8 weeks after her appointment.

African Union council endorses Akinwumi Adesina for second term as AfDB president

The Executive Council of the African Union has supported Akinwumi Adesina’s candidacy for a second term as President of the African Development Bank.
The African Development Bank, AfDB, says it has approved a 70 million dollar loan for a road project in Ebonyi. The bank said on its website on Friday that it would provide $40 million, while its co-financier, the Africa Growing Together Fund (AGTF), would contribute $30 million for the project.

Nigeria partners AfDB for special agro-industrial processing zones

The African Development Bank, AfDB, in collaboration with the government of Nigeria, has held a meeting with stakeholders to discuss details around Special Agro-Industrial Processing Zones in Nigeria.
The African Development Bank, AfDB, says it has approved a 70 million dollar loan for a road project in Ebonyi. The bank said on its website on Friday that it would provide $40 million, while its co-financier, the Africa Growing Together Fund (AGTF), would contribute $30 million for the project.

AfDB earmarks $500 million for four agro zones in Nigeria

The African Development Bank (AfDB), has earmarked $500 million loan for the development of four agro-industrial zones across the country.
The African Development Bank, AfDB, says it has approved a 70 million dollar loan for a road project in Ebonyi. The bank said on its website on Friday that it would provide $40 million, while its co-financier, the Africa Growing Together Fund (AGTF), would contribute $30 million for the project.

Official: AfDB launches $500 million project to boost agriculture in Nigeria

The African Development Bank (AfDB) has launched a $500 million project to begin the implementation of special agro industrialised processing zones (SAPZ) to aid agricultural growth in Nigeria.
This aerial photograph shows the damaged communities in Macomia district, Mozambique, on April 27, 2019 following the destruction by Cyclone Kenneth. AFP

Mozambique on recovery path after devastation by cyclones

The International Monetary Fund (IMF) is expressing optimism that Mozambique’s economic recovery is on course, a year after the southern Africa country was beaten down by tropical cyclones Idai and Kenneth.

Nigeria to support agro-industrial processing zones, creates more jobs – minister

The Minister State for Agriculture, Mr Mustapha Shehuri, says Federal Government will support and promote Special Agro-Industrial Processing Zones (SAPZs) and creation of more job opportunities in the sector.
President of the African Development Bank (AfDB), Dr Akinwunmi Adesina, has said that Nigeria needs to evolve a more effective tariff structure in order to achieve steady electricity supply.

AfDB president worries over rising cases malnourished children in Africa

Dr Akinwumi Adesina, the President of African Development Bank (AfDB) has expressed concern over the rising cases of stunted children caused by malnutrition in Africa.
President Buhari today received Akin Adesina, President, African Development Bank at the State House - 23rd April 2019 4

President Buhari fetes AfDB chief Akinwumi Adesina on 60th birthday

President Muhammadu Buhari felicitates with President of the African Development Bank (AfDB), Dr Akinwumi Adesina, on the joyous occasion of his 60th birthday, February 6, 2020, extending good wishes and prayers of Nigerians for longer life and greater heights.

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eBay waives seller fees for new businesses to help shuttered retailers move online

eBay is launching a new “Up & Running” program today that aims to help physical retailers move some of their business online if they’ve been shutdown or are struggling due to the COVID-19 pandemic. As part of that program, eBay is waiving seller fees for new businesses to the platform starting today, April 2nd, through June 30th.
Toyota Nigeria Limited, on Thursday, said it has collaborated with its foremost dealer, Elizade Nigeria Limited, to donate three units of ambulances to Lagos State Government in support of the fight to eradicate the COVID-19 from the state.

Toyota, Elizade donate three ambulances to Lagos

Toyota Nigeria Limited, on Thursday, said it has collaborated with its foremost dealer, Elizade Nigeria Limited, to donate three units of ambulances to Lagos State Government in support of the fight to eradicate the COVID-19 from the state.
The Nigerian Air Force (NAF) says it has neutralised some key Boko Haram Terrorists (BHTs) leaders at Alafa Yagayaga on the fringes of the Sambisa Forest in Borno.

Nigerian military ramps up attacks on Boko Haram locations

In furtherance of the objective of restoring peace and security in the North East of the Country, the Armed Forces of Nigeria (Nigeria Military), through the Air Task Force of Operation Lafiya Dole, has ramped up attacks against terrorists’ locations in Borno State.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Nigerian equities market posts 0.10 per cent growth

The Nigerian equities market closed Thursday trading on upward trend, appreciating by 0.10 per cent, amid Dangote Cement gain.