African Development Bank president says invested $500 million in Development Bank of Nigeria
- Oil steadies on doubts output cut will end global glut
- Western Digital (WDC) Raises Q2 Outlook
- Dollar edges up vs yen as traders eye ECB meeting for cues
- Foxconn says in preliminary discussions to expand U.S. operations
- Dave & Buster's Entertainment (PLAY) Tops Q3 EPS by 11c, Raises FY Revenue Guidance
The headquarters of the African Development Bank (AfDB) are pictured in Abidjan, Ivory Coast, September 16, 2016. REUTERS/Luc Gnago
Get access to the best calls on Wall Street with StreetInsider.com's Ratings Insider Elite. Get your 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 StreetInsider.com Premium Free!
You May Also Be Interested In
- How Iran closed the Mosul 'horseshoe' and changed Iraq war
- Staples to sell controlling stake in European unit to Cerberus
- J&J questions fairness of hip implant trial, $1 billion verdict
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!