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    Adesina Wins AfDB Presidency

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    Former minister of agriculture and rural development, Dr Akinwumi Adesina, has been elected the new president the African Development Bank (AfDB). Adesina was elected at the AfDB summit going on in Abidjan, the capital of Ivory Coast. Report from Reuters said that Adesina, who contested along with seven other prominent Africans, was announced winner by…

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    NNPC Can’t Retain $10.8bn, Sanusi Insists

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    Governor of the Central Bank of Nigeria (CBN) Sanusi Lamido Sanusi has insisted that the Nigerian National Petroleum Corporation (NNPC) lacked the power to retain $10.8 billion from the federation account. He asserted that the corporation’s action had contributed to a drop in savings which had exposed Nigeria to possible price shocks. In an interview…

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