African Development Bank president says invested $500 million in Development Bank of Nigeria

September 26, 2016 3:18 PM EDT

The headquarters of the African Development Bank (AfDB) are pictured in Abidjan, Ivory Coast, September 16, 2016. REUTERS/Luc Gnago

Get daily under-the-radar research with's Stealth Growth Insider Get your 2-Wk Free Trial here.

ABUJA (Reuters) - African Development Bank President said on Monday the lender had invested $500 million dollars in the Development Bank of Nigeria.

Earlier, Akinwumi Adesina - who was speaking at a news conference in the capital, Abuja - said the lender was aiming to lend a total of $4.1 billion to Nigeria over 2016 and 2017.

(Reporting by Chijioke Uhoucha; Editing by Alison Williams)

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories


Add Your Comment