Tag "akinwumi adesina"

    ‘I’m greatly honored’ — Akinwumi Adesina celebrates Forbes Africa’s ‘African of the Year’ award

‘I’m greatly honored’ — Akinwumi Adesina celebrates Forbes Africa’s ‘African of the Year’ award

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    EXTRA: Akinwumi Adesina gets ‘greatest honour’ of his life in Swaziland

EXTRA: Akinwumi Adesina gets ‘greatest honour’ of his life in Swaziland

Akinwumi Adesina, president of the African Development Bank (AfDB), says he got the greatest honour of his life on Friday.Sharing his experience in a tweet, Adesina said he was allowed to dress like the king when he visited the Kingdom of Eswatini.The kingdom, which is now known as Swaziland, is a country in southern Africa."King Mswati III of Eswatini gave [...]

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    G7 commits $251 million to financing African female entrepreneurs through AfDB

G7 commits $251 million to financing African female entrepreneurs through AfDB

Countries in the G7 have committed $251 million to help improve access to finance for female entrepreneurs in Africa.The funding will be provided through AFAWA (Affirmative Finance Action for Women in Africa), a programme by the African Development Bank (AfDB).Emmanuel Macron, the French president, announced the funding at a press conference at the G7 Summit in Biarritz, France"I am particularly [...]

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    AfDB to governments: Focus on job creation, not GDP numbers

AfDB to governments: Focus on job creation, not GDP numbers

The African Development Bank (AfDB) has advised African governments to focus on creating jobs for the youth instead of being concerned about GDP growth figures.Speaking on Saturday on a panel at the 2019 Tony Elumelu Foundation Entrepreneurship Forum, Akinwumi Adesina, the AfDB president, proposed the establishment of a Youth Entrepreneurship Investment Bank.This initiative, he said, will focus 100% on providing [...]

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    FG secures fresh $200m loan from AfDB to fund electrification project

FG secures fresh $200m loan from AfDB to fund electrification project

The federal government has secured a $200 million loan from the African Development Bank (AfDB) to fund electrification projects in the country.In a statement on Monday, the bank said its board of directors approved the sovereign loan to finance the Nigeria Electrification Project (NEP).While AfDB approved $150 million, the Africa Growing Together Fund (AGTF), a $2 billion facility sponsored by [...]

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    Akin Adesina: I am 100% sure Nigeria will sign free trade deal

Akin Adesina: I am 100% sure Nigeria will sign free trade deal

Akinwumi Adesina, president of the Africa Development Bank (AfDB), says he is confident that Nigeria and every other country on the continent will sign the Africa Free Trade agreement. Speaking in South Africa on Friday on the successes of the Africa Investment Forum, Adesina said different countries have their processes, but everyone will come around."I think Nigeria is doing the right [...]

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    Akin Adesina: We closed 45 deals worth $32bn at first ever Africa Investment Forum

Akin Adesina: We closed 45 deals worth $32bn at first ever Africa Investment Forum

Akinwumi Adesina, president of the Africa Development Bank (AfDB), says 45 deals, worth $32 billion were signed at the first ever Africa Investment Forum.Speaking on the concluding panel of the Africa Investment Forum in Sandton, South Africa, Adesina said the deals surpassed his expectation for its first ever edition.He said his major takeaway is that there is a rising confidence [...]

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    Zainab Ahmed: How AfDB helped Nigeria out of recession

Zainab Ahmed: How AfDB helped Nigeria out of recession

Zainab Ahmed, minister of finance, says the African Development Bank (AfDB) was very instrumental to Nigeria's exit from its worst recession in decades.The minister explained this on Thursday while speaking to CNBC Africa on the sidelines of the first ever Africa Investment Forum ongoing in South Africa.She explained the role AfDB played in getting Nigeria out of recession while adding that the [...]

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    Lai claims 7,000MW, Adesina says 4,500MW… what’s the truth about Nigeria’s power generation?

Lai claims 7,000MW, Adesina says 4,500MW… what’s the truth about Nigeria’s power generation?

Within 24 hours, two prominent figures have churned out conflicting figures on Nigeria's current power generation capacity. On Tuesday, Lai Mohammed, minister of information, said the country now generates 7,000 megawatts of electricity. A day after, Akinwumi Adesina, president of the African Development Bank (AfDB), pegged the figure at "around 4,500 megawatts".While speaking at a News Agency of Nigeria (NAN) [...]

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    Buhari: I belong to everybody — that’s why I backed Adesina for AfDB

Buhari: I belong to everybody — that’s why I backed Adesina for AfDB

President Muhammadu Buhari says his decision to back Akinwunmi Adesina to emerge president of the African Development Bank (AfDB) is an indication that he belongs to everybody.During his inauguration on May 29, 2015, Buhari had said "I belong to everybody and nobody" but his critics have said his appointments do not reflect the statement.Adesina, who is the first Nigerian to [...]

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    Police: AFEX Nigeria could not prove ownership of maize we took

Police: AFEX Nigeria could not prove ownership of maize we took

Abayomi Shogunle, head of public complaints rapid response unit (PCRRU), says AFEX Nigeria had no evidence to prove ownership of the maize taken away during a search of their warehouse by the police.Akinwumi Adesina, president of the African Development Bank, and Audu Ogbeh, minister of agriculture, had accused the police of raiding the warehouse and carting away maize worth N85 [...]

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    Akinwumi Adesina wins ‘Nobel prize’ for food and agriculture

Akinwumi Adesina wins ‘Nobel prize’ for food and agriculture

Akinwumi Adesina, the president of African Development Bank (AfDB), has been named the 2017 World Food Prize Laureate.NAN reports that Adesina, whose name was selected on Monday in Washington DC, becomes the 46th recipient and the sixth African to be so honoured.The award ceremony would take place on October 19.Announcing the new laureate, Kenneth Quinn, the president, The World Food [...]

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    Akin Adesina: By 2021, Dangote will probably be the world’s largest exporter of rice

Akin Adesina: By 2021, Dangote will probably be the world’s largest exporter of rice

Akinwumi Adesina, president of the African Development Bank (AfDB), says Aliko Dangote, may become the largest exporter of rice in the world by 2021.Speaking at the Mo Ibrahim Forum in Morocco over the weekend, Adesina said Africa must focus on agriculture to drive growth and create jobs on the continent."I remember when I was minister of Agriculture in Nigeria. Aliko [...]

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    Akinwumi Adesina: To get out of recession, Nigeria must sort its FX policy

Akinwumi Adesina: To get out of recession, Nigeria must sort its FX policy

Akinwumi Adesina, president of the African Development Bank (AfDB), says for Nigeria to get out recession, it must sort out its foreign exchange policy and incentivise the private sector.Adesina made this call at a press conference in Abuja, during the 11th African Economic Forum, which started on Monday, and is billed to run till Wednesday.Speaking on how  to get Nigeria [...]

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    Ban Ki-moon appoints Adesina to fight malnutrition

Ban Ki-moon appoints Adesina to fight malnutrition

Akinwunmi Adesina, president of the African Development Bank, was among the 29 prominent persons appointed Wednesday by the UN Secretary-General Ban Ki-moon to join the fight against malnutrition in all its forms.UN spokesman Stephane Dujarric announced this in New York.The new appointees included Nahas Angula (Namibia), the chairperson of the Namibian Alliance for Improved Nutrition, and Tom Arnold (Ireland), the [...]

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    Adesina: Nigeria increased food production by 21m tonnes in 4 years

Adesina: Nigeria increased food production by 21m tonnes in 4 years

Akinwumi Adeisna, president of the African Development Bank (AfDB), says Nigeria increased food production by 21 million tonnes within four years by taking technology to the farmers.Speaking at the seventh African agricultural science week and FARA general assembly in Kigali, Rwanda, the former minister of agriculture said Africa must bring technology into farming.“We must get technologies into the hands of [...]

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Exchange Rates

January 20, 2019USDGBPEUR
INTERBANK306397354
LAGOS355444389
KANO354445370
PH355447412
ABUJA356454413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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