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GTBank Takes Over Stallion Nigeria’s Assets

(AFRICAN EXAMINER) – Guaranty Trust Bank (GTB) has taken possession of the assets of Stallion Nigeria Limited in Lagos and its sister firms, following a N13 billion judgment debt in a suit filed at the Federal High Court, Lagos. Possession was taken through the receiver/manager appointed by GTBank, Mr. Temilolu Adamolekun. Officials from his office […]

Dangote To Build New 6mtpa Cement Plant In Itori, Ogun State

Signs agreement with Sinoma (AFRICAN EXAMINER) – Dangote Industries Limited (DIL) has signed an agreement with China Sinoma International Engineering to build a six million tons per annum cement plant in Itori, Ogun State. The agreement was signed by the Chairman of Dangote Cement Plc, Aliko Dangote alongside the Group Executive Director, Strategy, Capital Projects & […]

Nordic Development Fund Raise Financial Support To Boost Urbanization In Africa

(AFRICAN EXAMINER) – In a bid to further strengthen its partnership with African Development Bank (AfDB), the Nordic Development Fund (NDF) has announced a significant increase in its financial support for urban city development in Africa. This is coming at the heels of the rapidly growing cities that bear the brunt of the impact of […]

SEFA Supports Sustainable Transport In 7 African Countries With $1m Grant

(AFRICAN EXAMINER) – The Sustainable Energy Fund for Africa (SEFA) of the African Development Bank (AfDB) Group, said it is providing $1 million to support private investment in sustainable transport in seven African countries. SEFA is a multi-donor Special Fund that provides catalytic finance to unlock private sector investments in renewable energy and energy efficiency. […]

ECOWAS Bank Secures $50m, €50m Trade Finance Credit From AfDB

(AFRICAN EXAMINER)- ECOWAS Bank for Investment and Development (EBID), has secured a dual-currency Trade Finance Line of Credit comprising $50 million and €50 million from the African Development Bank (AfDB) Group. The Transaction Line of Credit as approved by the AfDB’s Board of Directors, is aimed at enhancing food security and boost agricultural value chains […]

Dangote Emerges As Vanguard’s Personality Of The Year

(AFRICAN EXAMINER) – Management of Vanguard Newspapers over the weekend bestowed the honour of “Personality of the Year” on the President of Dangote Group, Aliko Dangote. The Newspaper rolled out red carpet in celebration of men and women who have distinguished themselves as achievers of excellence in their various fields of endeavors. Governors, Ministers, Heads […]

AfDB Partners IFAD On New Agric Investment Initiative For Africa

(AFRICAN EXAMINER) – African Development Bank (AfDB) Group and the International Fund for Agricultural Development (IFAD), have sealed a new deal to ramp up agricultural investments in African countries. Dubbed, “Mission 1 for 200”, the new initiative aims to increase funding to the agriculture and food sectors in the continent. The initiative, which was jointly launched […]

We’ve Collected N1.9trn Old Naira Notes So Far, Awaiting N500bn

(AFRICAN EXAMINER) – Godwin Emefiele, the governor of the Central Bank of Nigeria (CBN), has stated that N1.7 trillion worth of naira notes have found their way back to the CBN’s vaults so far and N500 billion more to go. The African Examiner had earlier reported that the apex bank on Sunday extended the deadline […]

Mayfresh Mortgage Bank Tackles Its Port Harcourt Landlord, Petitions Police Over Illegal Invasion, Lockdown

(AFRICAN EXAMINER) – An Enugu based law firm, A.O. Omotayo and Associates has petitioned the Rivers State Police Command over unlawful, illegal invasion and locking up of  the Port Harcourt branch of MAYFRESH Mortgage bank limited by its landlord Chief  C.U  Nwadike. The petition signed by the  lead Counsel of the  law firm,  Olu Omotayo, […]

AfDB Plans $10bn Investment To Tackle Hunger In Africa

(AFRICAN EXAMINER) – African Development Bank (AfDB) Group has announced its plans to invest $10 billion over the next five years to boost Africa’s efforts to end hunger and become a primary food provider for itself and the rest of the world. The Bank Group President, Dr Akinwumi Adesina, disclosed this on Wednesday at the […]

Adesina Tasks Leaders On Transformation Of African Cities

(AFRICAN EXAMINER) – President of African Development Bank (AfDB), Dr. Akinwumi Adesina has harped on the need for African leaders to take concrete steps and intensify efforts geared toward the transformation of cities across the continent. Dr. Adesina gave the charge while speaking at the inaugural forum of the ongoing African Mayoral Leadership Initiative (AMALI), […]

Why We Will Not Extend Naira Notes Deadline – CBN

(AFRICAN EXAMINER) – Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has stated that the apex bank will not postpone the deadline to stop the use of the old 200, 500 and 1000 Naira notes. Emefiele stated this in the CBN/Monetary Policy Committee (MPC) briefing in Abuja, on Tuesday, January 24, 2023. The […]

FIRS Makes Historic N10.1 Trillion Revenue In 2022

(AFRICAN EXAMINER) – The Federal Inland Revenue Service (FIRS) generated a record N10.1 trillion revenue in 2022, the agency said.  This is the highest tax collection ever recorded in its history. The Service disclosed this in an “FIRS 2022 Performance Update,” report signed by its Executive Chairman, Mr. Muhammad Nami, and released to the public […]

The 34th Enugu International Trade Fair Kicks Off March 24, 2023.

(AFRICAN EXAMINER) – The management of Enugu Chamber of Commerce Industry Mines and Agriculture ECCIMA, has hinted that not less than eight nations across the globe have indicated interest to attend the 34th edition of the Enugu International Trade Fair. According to the organization, the fair will commence  on Friday 24th March and run through […]

Mining Cadastre Office Generates N14.59bn In FiveYears

(AFRICAN EXAMINER) – The Nigeria Mining Cadastre Office has declared that it generated N14.59 billion over the last five years. Its Director-General, Obadiah Nkom disclosed this on Thursday when he featured at the 63rd session of the State House Ministerial briefing organised by the Presidential Communications Team at the Presidential Villa He told State House […]

Naira Gains 0.05% At Investors, Exporters Window

(AFRICAN EXAMINER) – The naira on Wednesday exchanged at 461.25 to the dollar at the Investors and Exporters window. The figure represented an appreciation by 0.05 per cent compared with the 461.50 it exchanged on Tuesday. The open indicative rate closed at N461 to the dollar on Wednesday. An exchange rate of N462 to the […]

UK Shut Obi’s Company Over Account Issues – Report

(AFRICAN EXAMINER) – For failing to submit its annual accounts, authorities in the United Kingdom, have struck off Next International (UK) Limited, a company largely owned by the presidential candidate of the Labour Party, Peter Obi. An online platform, Premium Times, reported that the company was removed from the record in September 2021, following a […]

World Bank Downgrades 2023 Global Growth Forecast To 1.7%

(AFRICAN EXAMINER) – Global economic growth was projected to slow to 1.7 per cent in 2023, 1.3 percentage points below the forecast made in June last year. Marking its third-weakest pace in nearly three decades, the World Bank Group said in its latest Global Economic Prospects release. Given such adverse shocks as high inflation, rising […]

Redesigned Naira: CBN To Monitor Compliance By Commercial Banks

(AFRICAN EXAMINER) – The Central Bank of Nigeria (CBN) will monitor commercial banks to ensure that they comply with the directive of loading the redesigned Naira notes in their Automated Teller Machines (ATMs). CBN Director, Currency Operations, Mr Ahmed Umar, made this known in Abuja on Monday at the Training Session for State Directors, National […]

CBN Cash Withdrawal Limit Begins Today

(AFRICAN EXAMINER) – The Central Bank of Nigeria’s policy on restriction on daily cash withdrawal takes off across the country today, Monday, January 9. African Examiner reports that in this arrangement, the maximum weekly limit for cash withdrawals across all channels by individuals and corporate organisations is N500,000 and N5 million, respectively. Individuals or organisations […]

NDDC – Projects Cancellation

UBA

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