An illustration of the new cold war that the United States and China are waging within institutions and international donors.
The bank warns projected GDP losses for 2021 ranges from $27.6 billion to $47 billion.
The AFDB said it supported an internal investigation that cleared Adesina.
This suggests almost all the revenue generated was used to meet debt service obligations.
The coronavirus knows no boundaries, so governments across the world are struggling to protect their populations and their economies as best they can.
Nigeria is feeling the heat and that is because its sole dependence on oil has made it suffer a Twin Shock.
The African Development Bank (AfDB) has launched the largest social bond to be issued in the capital market.
A panel of independent Social and Sustainability Bond Investors has awarded the African Development Bank (AfDB) the 2020 Environmental Finance award.
Two Nigerian companies have been debarred, following accusation of fraudulent practices arising from a joint bid for an AfDB-financed project.
It has been revealed that Nigerians spend about $14 billion on generator and fuel yearly in order to prevent their businesses from crippling.