Posted by Ganiyu Nasirudeen
Business News, Featured, Latest Headlines
Wednesday, October 25th, 2023
(AFRICAN EXAMINER) – The Pan-African Conglomerate, Dangote Industries Limited has reiterated its commitment to sustainable environment in all the communities where its business units operate by prioritizing the use of natural and renewable resources. The Company said as a leading business organization, it was educating the Small and Medium Enterprises (SMEs) on driving positive change […]
Posted by African Examiner
Business News, Latest Headlines
Tuesday, October 24th, 2023
(AFRICAN EXAMINER) – Nigeria is expecting a foreign exchange inflow of $10bn in the coming weeks, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said. He made the remark on Monday when he spoke during a panel session at the Nigeria Economic Summit (NES). “In addition, from the supply of […]
Posted by African Examiner
Business News, Latest Headlines
Sunday, October 22nd, 2023
(AFRICAN EXAMINER) – The Chartered Institute of Bankers of Nigeria (CIBN) has called on banking professionals and leaders to chart a course that will leverage the vast potential inherent in Nigeria’s economy. The President/Chairman of Council, CIBN, Dr Ken Opara, made the call at the 2023 Fellowship Investiture of CIBN on Saturday in Lagos. Opara […]
Posted by African Examiner
Business News, Featured, Latest Headlines
Saturday, October 21st, 2023
President Bola Tinubu has stated that the removal of subsidy on petrol was necessary to stop Nigeria from collapsing. The African Examiner recalls that Tinubu on assumption into office in May during his inauguration speech stated that fuel subsidy “is gone” and this immediately triggered an increase in the petrol pump price which led to […]
Posted by African Examiner
Business News, Latest Headlines
Friday, October 20th, 2023
(AFRICAN EXAMINER) – Sanusi Lamido Sanusi, the 14th Emir of Kano and former Governor of Central Bank of Nigeria (CBN), says reduced dependence on petrol will be the long-term solution to the petrol subsidy removal crisis. “In the short term, the most effective measure to offset the removal of fuel subsidies is cash transfers. “The […]
Posted by African Examiner
Business News, Latest Headlines
Wednesday, October 18th, 2023
(AFRICAN EXAMINER) – A former Minister of Power, Prof. Barth Nnaji, has alleged that diesel suppliers and generator dealers are sabotaging efforts for Nigerians to enjoy regular power supply. Nnaji made this known while featuring in a radio programme, captioned: “The South East Political Roundtable” by Flo FM, Umuahia on Wednesday. Nnaji said that the […]
Posted by Oludare Fase
Business News, Exclusive Reports, Exclusive/Investigative Stories, Featured, Latest Headlines, News Across Nigeria
Wednesday, October 18th, 2023
(AFRICAN EXAMINER) – The Management of NNPC Limited has announced the appointment of Mr Olufemi Oladapo Soneye as its Chief Corporate Communications Officer. A statement on its X (former Twitter) handle, said Soneye, a seasoned journalist, “will lead our Corporate Communications team and drive our brand penetration, strategic communications initiatives, and stakeholder management.” “We are […]
Posted by African Examiner
Business News, Latest Headlines
Monday, October 16th, 2023
(AFRICAN EXAMINER) – Nigeria’s inflation rate rose to 26.72% in September 2023 amid soaring food prices and harsh economic realities occasioned by the removal of fuel subsidy in May. This was according to the September 2023 Consumer Price Index (CPI) and Inflation Report released by the National Bureau of Statistics (NBS) on Monday. The CPI, […]
Posted by African Examiner
Business News, Latest Headlines
Saturday, October 14th, 2023
(AFRICAN EXAMINER) – The African Development Bank (AfDB) President, Dr Akinwuni Adesina, says corruption is not an African issue. Adesina said this in a statement made available to the News Agency of Nigeria (NAN) in Abuja on Saturday. According to him, what is important is to continue to improve transparency, accountability and the use of […]
Posted by African Examiner
Business News, Featured, Latest Headlines
Saturday, October 14th, 2023
(AFRICAN-EXAMINER) – Africa’s Global Bank, United Bank for Africa (UBA) Plc, is set to commence a Fraud Awareness Week – an initiative aimed at empowering customers with knowledge and tools to protect them against fraud and financial malpractices in the banking and financial sector. As a bank renowned for its commitment to integrity and customer […]
Posted by Samson Kankan
Business News, Latest Headlines
Friday, October 13th, 2023
(AFRICAN EXAMINER) – The Central Bank of Nigeria (CBN) has lifted the forex ban on 43 items and also promised to intervene in the FX market from “time to time”. The apex bank had in 2015 restricted the items from accessing FX from the I&E window, saying they were “not valid for foreign exchange and […]
Posted by African Examiner
Business News, Latest Headlines
Thursday, October 12th, 2023
(AFRICAN EXAMINER) – Amid global slowdown and political instability, growth in Sub-Saharan Africa (SSA) is expected to fall to 3.3 per cent this year from 4.0 per cent recorded in 2022. This is according to the latest International Monetary Fund (IMF), Regional Economic Outlook for SSA: “Light in the Horizon’’ released at the World Bank […]
Posted by African Examiner
Business News, Latest Headlines
Tuesday, October 10th, 2023
(AFRICAN EXAMINER) – The Management of Dangote Cement Plc says it has not embarked on any sales promotion and adjusted its prices. Chief Branding and Communications Officer, Dangote Group, Anthony Chiejina, made the denial in a statement issued in Lokoja on Tuesday. Chiejina said that the company was already making moves to track and prosecute […]
Posted by African Examiner
Business News, Latest Headlines
Sunday, October 8th, 2023
(AFRICAN EXAMINER) – The Fiscal Responsibility Commission (FRC) on Saturday highlighted the risks associated with banks lending in a manner that contravenes the Section 45 of its Fiscal Responsibility Act. Its Executive Chairman, Mr Victor Muruako, who spoke at a one-day stakeholders dialogue in Lagos, said such manner could also have severe consequences for banks […]
Posted by Nwa Diokpa
Business News, Latest Headlines
Saturday, October 7th, 2023
(AFRICAN EXAMINER) – The World Bank has stated that the naira and the kwanza of Angola as the “worst performing currencies” in Africa in 2023. According to the financial organisation, both currencies have depreciated by nearly 40 percent. The World Bank further disclosed that the decision by the Central Bank of Nigeria (CBN) to remove […]
Posted by Oludare Fase
Business News, Latest Headlines
Saturday, October 7th, 2023
(AFRICAN EXAMINER) – Africa’s Global Bank, United Bank for Africa (UBA) Plc, yesterday held the maiden edition of its expanded Graduate Management Accelerated Programme(GMAP) where over 700 graduates were inducted into the UBA Tribe after a rigorous 6-month hands-on-work and learning experience. The Chartered Institute of Bankers of Nigeria’s(CIBN) accredited programme and adopted from the […]
Posted by African Examiner
Business News, Latest Headlines
Thursday, October 5th, 2023
(AFRICAN EXAMINER) – The first local currency-denominated infrastructure investment trust fund in Nigeria and Sub-Saharan Africa, Nigeria Infrastructure Debt Fund (NIDF) has been listed on Nigerian Exchange Ltd. (NGX). The listing, which took place on Thursday in Lagos, was commemorated with a Closing Gong Ceremony where the management of the funds engaged market stakeholders with […]
Posted by Samson Kankan
Business News, Latest Headlines
Wednesday, October 4th, 2023
(AFRICAN EXAMINER) – The naira on Tuesday appreciated against the dollar as it exchanged at N745.19 at the Investors and Exporters window. The local currency gained by 1.38 per cent compared to the N755.27 it exchanged for the dollar on Sept. 29. The open indicative rate closed at N767.24 to the dollar on Tuesday. A […]
Posted by African Examiner
Business News, Latest Headlines
Wednesday, October 4th, 2023
(AFRICAN EXAMINER) – The Debt Management Office (DMO) on Tuesday offered for subscription, Ijarah Sukuk valued at N150 billion. According to a statement by the DMO, the Sukuk is issued by Federal Government of Nigeria (FGN) Roads Sukuk Company PLC, on behalf of the Federal Government. It said that the Sukuk were offered at N1,000 […]
Posted by Samson Kankan
Business News, Latest Headlines
Monday, October 2nd, 2023
(AFRICAN EXAMINER) – The National Bureau of Statistics (NBS) says prices of beef, tomatoes, beans, garri, yam and other food items increased in August. It made the declaration in its Selected Food Prices Watch report for August 2023 issued in Abuja. The report stated that while the average price of 1kg of boneless beef was […]
