AfDB denies reports it has cut off $400 million loan to Nigeria

AfDB denies reports it has cut off $400 million loan to Nigeria

The African Development Bank (AfDB) said Tuesday that it has not decided to call off loans to Nigeria, countering widespread media reports that the support for the West African nation’s ailing economy was withdrawn. “The African Development Bank is highly encouraged by the economic recovery of Nigeria from recession and…

Nigeria’s Buhari heads to Niamey for ECOWAS currency meeting

President Muhammadu Buhari of Nigeria is headed for Niger to discuss progress on a long-awaited common currency for the region’s West African Monetary Zone (WAMZ). Buhari, along with Minister of Finance Kemi Adeosun and Nigerian Central Bank head Godwin Emefiele, leave Tuesday for Niamey along with other common currency task…

MacArthur ‘genius grant’ awarded to visionary Nigerian artist

A Nigerian artist now living in the United States has been named a 2017 MacArthur Foundation Fellow and the recipient of what are commonly called the MacArthur “genius grants.” Njideka Akunyili Crosby, 34, is a creator of large-scale works that incorporate mixed media, including paint, fabric and textiles, and photography….