Posted by African Examiner
Business News, Latest Headlines
Saturday, November 4th, 2023
(AFRICAN EXAMINER) – President Bola Tinubu says his administration is committed to providing the necessary support for Micro, Small, and Medium Enterprises (MSMEs) to unlock their full potential and ensure their long-term success. Tinubu, said this at the 2023 Edition of the Lagos International Trade Fair (LITF), organised by the Lagos Chamber of Commerce and […]
Posted by African Examiner
Business News, Latest Headlines
Saturday, November 4th, 2023
(AFRICAN EXAMINER) – Unity Bank Plc has recorded gross earnings of N38 billion for the nine-month period ended Sept. 30, 2023. The bank said this in its unaudited results released to the Nigerian Exchange Group (NGX) Ltd. in Lagos. The bank’s customer deposits appreciated by five per cent to N344.4 billion within the period, indicating […]
Posted by African Examiner
Business News, Latest Headlines
Thursday, November 2nd, 2023
(AFRICAN EXAMINER) – The Central Bank of Nigeria (CBN), has assured Nigerians that there is adequate supply of Naira notes in the economy. The bank’s Director, Corporate Communications, Isa AbdulMumin, said this in a statement on Thursday in Abuja. The News Agency of Nigeria (NAN) reports that some bank customers in recent times have been […]
Posted by Oludare Fase
Business News, Latest Headlines
Wednesday, November 1st, 2023
(AFRICAN EXAMINER) – Zenith Bank Plc has announced its unaudited results for the third quarter ended 30 September 2023, recording a remarkable triple-digit growth of 114% from N620.6 billion reported in Q3 2022 to N1.33 trillion in Q3 2023. This performance demonstrates the Group’s resilience and strong market share despite a very challenging macroeconomic environment. […]
Posted by African Examiner
Business News, Latest Headlines
Tuesday, October 31st, 2023
(AFRICAN EXAMINER) – The Small and Medium Enterprise Development Agency of Nigeria (SMEDAN) says it will reward top MicroFinance Banks (MFBs) in loan recovery under the One Local Government One Product (OLOP) scheme. The Director-General of SMEDAN, Mr Charles Odii, said this during the Stakeholders Meeting/Signing of Memorandum of Agreement (MoA) on the implementation of […]
Posted by African Examiner
Business News, Latest Headlines
Tuesday, October 31st, 2023
(AFRICAN EXAMINER) – The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), has inaugurated a Climate and Green Energy Desk (SCGED) to help Small and Medium Enterprises (SMEs) tackle climate change effects. The newly- appointed Director-General of SMEDAN, Mr Charles Odii, said this at inuaguration of the desk on Tuesday in Abuja. Odii said […]
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 […]
