nigeria
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News
Fidelity Bank Nigeria completes acquisition of Union Bank UK
CAIRO, June 11, 2024 – African Export-Import Bank [Afreximbank] has announced the disbursement of a US$40-million Intra-African Investment Facility to Fidelity Bank Nigeria Plc to support Fidelity Bank’s acquisition and recapitalisation of…
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News
United Bank for Africa: Shareholders approve payment of N78.7 billion dividend
LAGOS, June 3, 2024 The shareholders of the United Bank for Africa [UBA] Plc, have congratulated the Board of Directors, management and staff of the Bank for the impressive performance recorded over…
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News
41 African countries set for stronger growth in 2024 – African Development Bank’s Economic Outlook
NAIROBI, June 1, 2024 – African economies remain resilient, despite challenges that are testing economies worldwide. According to the latest African Development Bank Group’s African Economic Outlook, 41 countries on the continent…
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News
AfDB’s Adesina presents Africa as world’s best investment destination
RIYADH, May 21, 2024 – Africa’s human, land, mineral resource and cross-border trade endowments combine to make it the world’s most promising investment destination, now and well into the future, African Development…
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News
Africa Road Builders: Two African Heads of State receive 2024 Babacar Ndiaye Prize
ABIDJAN, April 30, 2024 – The “Africa Road Builders” Selection Committee recently met in Dubai, United Arab Emirates where it awarded the Babacar Ndiaye Prize 2024 to the Presidents of Equatorial Guinea…
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Cooperatives & Communities
Local University conducts capacity building workshop for managers of coop societies in Nigeria
ABUJA, April 22, 2024 – Skyline University Nigeria [SUN] recently conducted a capacity-building workshop for managers of cooperative societies in Kano State. The event which took place at the campus attracted over…
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News
AfDB approves US$ 50mln loan to support climate change resilience in Nigeria
ABUJA, March 28, 2024 – The Board of Directors of the African Development Bank Group [AfDB] approved a $50 million loan for the Yobe State Environmental and Climate Change Action Project [ECCAP]…
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News
Africa’s wind power holds potential to light up the continent, says IFC report
KAMPALA, March 26, 2024 – Africa has enough wind resources to power its entire electricity demand 250 times over, according to a commissioned study by the World Bank’s International Finance Corporation. The…
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Cooperatives & Communities
Nigerian coop society offers soft loans to staff
ABUJA, March 11, 2024 – The Nigeria Correctional Service Cooperative Society [NCoS] said recently it gave out soft loans to members to cushion them from the biting economy. The General Manager of…
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Africa
New Global Alliance for Women’s Health could help boost global economy by US$ 1trn annually by 2040
DAVOS-KLOSTERS, January 18, 2024 – A new World Economic Forum report released today shows that closing the women’s health gap would allow more women to live healthier, higher-quality lives, and provide an…
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