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CBN To Phase Out Naira Notes – Official

(AFRICAN EXAMINER) – The Central Bank of Nigeria has Stated that paper currency will soon be out of circulation tasking market men and women to key into the e-Naira. The Delta State Branch Controller of CBN, Mr Godwin Okafor, disclosed this on Friday at the popular Ogbogonogo market in a market sensitisation on e-Naira. Okafor […]

Naira Dips By 0.18%, Exchanges At 419.25 To Dollar

(AFRICAN EXAMINER) – The Naira, on Wednesday, exchanged at 419.25 to the dollar at the Investors and Exporters window, compared to 418.50 traded on Tuesday, representing 0.18 per cent depreciation. The open indicative rate closed at N418.00 to the dollar on Wedneday. An exchange rate of N444.00 to the dollar was the highest rate recorded […]

Buhari To Unveil New NNPC Ltd July 18 – Kyari

(AFRICAN EXAMINER) – The new Nigerian National Petroleum Company Ltd (NNPC Ltd.) will be unveiled by President Muhammadu Buhari on July 18, 2022. The Chief Executive Officer of the company, Malam Mele Kyari, said this on Tuesday while receiving the CEO of the Year 2021 Award of the Leadership Newspapers Group in Abuja. The Leadership […]

Dangote Cement Best Performing Stock – Nigerian Exchange

(AFRICAN EXAMINER) – Africa’s largest Cement manufacturer, Dangote Cement Plc Dangote Cement Plc has emerged the Best Performing Stock of the Year 2021 by the Nigeria Exchange Group (NGX). Dangote Cement pride as the most capitalized company on the Nigeria Stock Exchange was named the best stock ahead of BUA Cement Plc and CAP Plc, during the 2022 Nigerian Investor […]

Dollar Hits N600 At Parallel Market, Forex Supply Shrinks

(AFRICAN EXAMINER) – The dollar exchanged at N600 on Monday at the parallel market, heightening fears of a further devaluation of the nation’s currency. The rate at the Importers and Exporters Window was, however, N415.75 on Monday, widening the exchange rate spread to N184.25. At Zone 4 in Abuja, which is the hub of the […]

EIB Invested Over €10b in Africa Last Year – Nakoulima –

(AFRICAN EXAMINER) – The Investment Officer in charge of Global Partners of the European Investment Bank (EIB), Moussa Nakoulima said the Bank successfully invested over €10 billion in Africa in the 2021 fiscal year. Nakoulima disclosed this while speaking in Abidjan at the capacity-building workshop on addressing land degradation and ecosystem restoration. The EIB which […]

Naira Gains Marginally, Exchanges At N418 To Dollar

(AFRICAN EXAMINER) –  The Naira on Wednesday appreciated at the Investors and Exporters window exchanging at N418 to the dollar, a -0.24 per cent appreciation, stronger than N419.00 it traded on April 29. The open indicative rate closed at N417.00 to the dollar on Wednesday. An exchange rate of N444 to the dollar was the […]

Stop Disruption Of Access To Internet, Digital Technologies In Nigeria, Group Urges FG

(AFRICAN EXAMINER) – Media Rights Agenda (MRA) has urged the Federal Government to urgently stop the spate of disruption of access to the Internet and other digital technologies in Nigeria. MRA said the government should henceforth prevent security agencies and regulatory bodies from intentionally interfering in different ways with the rights of individuals to seek, […]

AfDB Moves Against Emerging Environmental Challenges In Africa

(AFRICAN EXAMINER) – African Development Bank has commenced stakeholder consultations on its Integrated Safeguards System to adequately address emerging environmental and social issues in Africa. As part of its commitment to continuously improve environmental and social management and governance, the AfDB has prepared a draft of its updated Integrated Safeguards System, which is being consulted […]

Access Bank Promotes 800 Staff Transits To Holdco Structure

(AFRICAN EXAMINER) – Access Bank Plc has announced the promotion of 800 employees following a transparent and robust performance management review in line with global best practices. The Group Head, Communications and External Affairs of the bank, Mr Amaechi Okobi, made the announcement in a statement on Monday in Lagos. The statement said that the […]

AfDB Initiative To Empower 5o Million Youth In Africa By 2025

(AFRICAN EXAMINER) – African Development Bank (AfDB) is poised to empower and equip 50 million youth with employable skills by 2025 through its Jobs for Youth in Africa Initiative. The Bank said the initiative also seeks to create 25 million jobs in agriculture, information, communication and technology fields, and other key industries across the continent. […]

New Grant Raises Hope For Women-owned Small Businesses In Africa

(AFRICAN EXAMINER) – A new round of funding grant amounting to $15 million is underway for the growth and development of women-owned small businesses in Africa. This is coming under the Africa Digital Financial Inclusion Facility (ADFI). The grant which is the fourth round of financing of $54.8 million will benefit almost 69,000 women entrepreneurs […]

Naira Depreciates Further Against Dollar

(AFRICAN EXAMINER) – The Naira exchanged at 419.33 to the dollar at the Investors and Exporters window on Wednesday, a 0.20 per cent depreciation, compared to 418.50 to the dollar on Tuesday. The open indicative rate closed at 418.38 to the dollar on Wednesday. An exchange rate of 444 to the dollar was the highest […]

Naira Appreciates, Sells At N417.30 To Dollar

(AFRICAN EXAMINER) – The Naira exchanged at 417.30 to the dollar at the Investors and Exporters window on Monday, representing a -0.25 per cent appreciation, compared to N418.33 to the dollar recorded on Friday. The open indicative rate closed at 417.92 naira to the dollar on Monday. An exchange rate of 444 naira to the […]

Naira Closes At 417/Dollar At I & E Window

(AFRICAN EXAMINER) – The exchange rate of the naira at the Investors and Exporters window closed at 417 to 1 dollar on Monday, representing a 0.08 per cent depreciation compared to N416.17 recorded on Friday. The open indicative rate also closed at N416.15 to the dollar on Monday. An exchange rate of N444 to the […]

Fidelity Bank To Sensitize Businesses In North Central Zone On Opportunities In Non-Oil Exports

(AFRICAN EXAMINER) – Following successful outings in Kano and Akure, leading financial institution, Fidelity Bank Plc, is set to host businesses in the north central geopolitical zone to a special seminar on opportunities and implementation of the CBN RT200 FX Policy. Scheduled for Tuesday, 12 April 2022 in Jos, Plateau State capital, the session would […]

Nigerians Experience Blackout As National Grid Collapses Again

(AFRICAN EXAMINER) – Electricity distribution companies has announced another breakdown, making it the fifth time this year in the country . The Kaduna Electricity Distribution Company said, “Dear Esteemed Customers, the management of Kaduna electric regrets to inform you that the current outage being experienced in our franchise states is due to a collapse of […]

4 Sahel Countries To Benefit From African Development Fund $5.5m Grant For New Energy Project

(AFRICAN EXAMINER) – African Development Fund (ADF) has approved a $5.5 million technical assistance grant to kick-start the roll-out of the flagship Desert to Power initiative in the Eastern Sahel region countries of Djibouti, Eritrea, Ethiopia and Sudan. Known as the East Africa Regional Energy Project, it will be financed through the ADF-15 Regional Public […]

UBA: Elumelu Assures Investors, Shareholders Of Sustained Growth

(AFRICAN EXAMINER) – United Bank for Africa Plc (UBA) on Thursday assured shareholders and investors of its unwavering commitment to sustain its current growth trajectory. The Group Chairman, Tony Elumelu, gave the assurance at the 60th Annual General Meeting of UBA at the Transcorp Hilton Hotel, Abuja, monitored virtually in Lagos. He said that its […]

Naira Closes At N416.67/Dollar At I&E Window

(AFRICAN EXAMINER) – The exchange rate at the Investors and Exporters window closed at N416.67/$1 on Thursday, representing a 0.04% depreciation compared to N416. 50/$1 recorded on Wednesday. The open indicative rate also closed at N415.81/$1 on Thursday,. An exchange rate of N444/$1 was the highest rate recorded within the day trading before it settled […]



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