Category : Search result: African Development Bank


No Bank Shutdowns from CBN Recapitalisation - ACAMB

The Association of Corporate Communication & Marketing Professionals in Banks dismisses viral claims of 12 banks shutting down. ACAMB assures the public the recapitalisation is proceeding smoothly to strengthen the financial system.

World Bank Approves $500m for Nigerian MSMEs

The World Bank has greenlit a $500 million package to boost credit access for Nigeria's MSMEs. The FINCLUDE project targets women-led and agribusiness firms to drive growth and jobs. Read more.

AFCON moves to four-year cycle after 2028 edition

The Confederation of African Football ends the biennial Africa Cup of Nations. The tournament will switch to a four-year cycle after 2028, with a new annual Nations League to boost revenue.

Russian court fines Austrian bank Raiffeisen $400m

A Russian court has ordered Austria's Raiffeisen Bank to pay nearly $400 million in compensation to a company linked to sanctioned oligarch Oleg Deripaska. The bank says it will appeal.

UAE invests $6bn in Africa's tourism sector

The UAE announces a massive $6 billion investment plan for African tourism development, targeting aviation, infrastructure, and digital projects. Learn how this partnership aims to create thousands of jobs.

World Bank Boosts Funding for Nigeria's Skills Project

The World Bank has approved additional financing for Nigeria's SPESSE project, citing its 'satisfactory' performance in bridging critical skills gaps in procurement and environmental standards. Over 85,000 Nigerians have been trained.

10 African Countries Never Qualified for AFCON

A soccer enthusiast has listed the 10 African countries that have never qualified for the AFCON tournament since its inception in 1957. Discover the surprising list and fan reactions.

Tinubu Makes Fresh Appointments to Key Federal Boards

President Bola Tinubu has approved new appointments to the boards of UBEC, the Bank of Agriculture, and the National Agricultural Development Fund (NADF). Get the full list of appointees and their geopolitical zones here.

Fast Ways to Block Your Union Bank Account

Learn the quickest methods to block your Union Bank account using USSD *826*6#, the UnionMobile app, or customer care. Protect your funds instantly during emergencies.

$5B Africa Energy Bank HQ Complete in Abuja

Nigeria has completed the headquarters of the $5 billion Africa Energy Bank in Abuja. Minister Heineken Lokpobiri confirms all host obligations are met, paving the way for operations to begin. Read more.

Africa's First Scholarly Referencing System Unveiled

Professor Peter Okebukola unveils ASRS, Africa's first homegrown citation framework. This breakthrough promotes intellectual sovereignty and global recognition for African scholarship. Join the movement!

CBN sells $36.60m to banks amid naira depreciation

Central Bank of Nigeria intervenes in forex market with $36.60 million sale to authorized dealers including Access, UBA, Zenith banks to stabilize naira. Experts analyze impact on currency stability.

Entertainment Week Africa 2025 Transforms Lagos

Lagos hosted Entertainment Week Africa 2025 from November 18-23, featuring fashion runways, film screenings, music performances and tech expos. Discover how Africa's creative economy is evolving.

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