Scary: DMO Gives Full Details Of Nigeria’so Debt To China, World Bank, AfDB, Germany, Others

Ms. Patience Oniha, DG, DMOThe Debt Management Office (DMO) has detailed Nigeria’s debts to various countries and multinational institutions in a newly released report. According to the report, Nigeria’s highest external debt stock to a multilateral or bilateral financial institution is its $10.46bn (N3.965tn at the official rate of N379/$) indebtedness to the World BankContinue reading “Scary: DMO Gives Full Details Of Nigeria’so Debt To China, World Bank, AfDB, Germany, Others”

Akinwumi Adesina Returned As AfDB President

Akinwumi Adesina, President of the African Development Bank (AfDB) has been reaffirmed as President of the bank. Adesina’s reaffirmation was announced in a tweet by Presidential aide, Lauretta Onochie. Adesina was re-affirmed in a virtual annual General meeting on Thursday morning. In a speech at the AfDB’s annual meetings, Adesina requested a second term asContinue reading “Akinwumi Adesina Returned As AfDB President”

AfDB: I’m Innocent Of All Charges – Adesina

Dr Akinwumi Adesina, President of African Development Bank (AfDB), has maintained innocence with regards to allegations that seek to impugn his honour and the reputation of the bank.Adesina said this in a statement he personally signed and issued on Wednesday. The United States (U.S.) Department of Treasury had called for an independent probe of allegationsContinue reading “AfDB: I’m Innocent Of All Charges – Adesina”