Posted by Eric Ojo
Business News, Featured, Latest Headlines
Sunday, April 23rd, 2023
(AFRICAN EXAMINER) -The African Development Bank Group (AfDB), Africa’s premier development finance institution, has signed a new agreement with ILX Management B.V. (ILX), an Amsterdam-based fund management firm, to raise additional capital for Sustainable Development Goals (SDGs) and climate change projects across Africa. ILX is an emerging market focused private credit fund that invests in […]
Posted by Samson Kankan
Business News, Featured, Latest Headlines
Monday, April 17th, 2023
(AFRICAN EXAMINER) – The World Bank says Nigeria spent 96.3 percent of its 2022 revenue on servicing its debts. This was contained in the Macro Poverty Outlook for Nigeria: April 2023 brief released by the international financial institution. According to the report, Nigeria’s fiscal position deteriorated in 2022, leaving the cost of the petrol subsidy […]
Posted by Samson Kankan
Business News, Featured, Latest Headlines
Saturday, April 15th, 2023
(AFRICAN EXAMINER) – Nigeria’s inflation rate rose to 22.04% in March 2023 compared to February 2023 headline inflation rate which was 21.91%. According to the National Bureau of Statistics (NBS)’s Consumer Price Index (CPI) report released on Saturday, the March 2023 inflation rate showed an increase of 0.13% points when compared to February 2023 headline […]
Posted by Samson Kankan
African News, Business News, Latest Headlines
Saturday, April 15th, 2023
(AFRICAN EXAMINER) – African Development Bank (AfDB) says the African continent faces an annual GDP shortfall that could exceed 127.2 billion dollars by 2030. It stated on Friday that the shortfall would occur if current trends in climate finance flow into Africa continued. “Africa may lose as much as 12 per cent of GDP by […]
Posted by Samson Kankan
Business News, Latest Headlines
Wednesday, April 12th, 2023
(AFRICAN EXAMINER) – The International Monetary Fund (IMF) says global growth will bottom out at 2.8 per cent in 2023 before rising modestly to 3.0 per cent in 2024. This is according to the IMF’s latest World Economic Outlook (WEO) Update Report for April 2023: “A Rocky Recovery”, released on Tuesday at the World Bank […]
Posted by African Examiner
Business News, Latest Headlines
Monday, April 10th, 2023
(AFRICAN EXAMINER) – The Bureau of Public Enterprises (BPE) has signed a tripartite agreement to commence the re-concession of the Lagos International Trade Fair Complex (LITFC). This is contained in a statement signed by BPE’s Head of Public Communications, Amina Tukur, in Abuja on Monday. Tukur said the bureau signed a tripartite agreement with Portman […]
Posted by African Examiner
Business News, Latest Headlines
Thursday, April 6th, 2023
(AFRICAN EXAMINER) – The Enugu Chamber of Commerce. Industry, Mines and Agriculture (ECCIMA), said the Cashless Policy affected the just concluded 34th Enugu International Trade Fair adversely. Speaking at the closing ceremony in Enugu on Wednesday, ECCIMA President, Mr Jasper Nduagwuike, said that the 2023 general elections also contributed to the low turnout of exhibitors. […]
Posted by Samson Kankan
Business News, Featured, Latest Headlines
Wednesday, April 5th, 2023
(AFRICAN EXAMINER) – The National Bureau of Statistics (NBS), says total capital importation in Nigeria stood d at 1,060.73 million dollars in quarter four of 2022. The NBS said this in its Nigeria Capital Importation Q4 2022 report released on Wednesday in Abuja. The report said the Q4 figure was lower than the 2,187.63 million […]
Posted by Eric Ojo
Business News, Latest Headlines
Wednesday, April 5th, 2023
(AFRICAN EXAMINER) -The African Development Bank (AfDB) has appointed Marie-Laure Akin-Olugbade, a Cameroonian national, Vice President for its Regional Development, Integration and Business Delivery complex. The appointment Akin-Olugbade, a seasoned senior executive with close to 31 years of experience delivering technical, managerial and strategic knowledge and leadership in capital markets, treasury, asset management and product […]
Posted by Samson Kankan
Business News, Latest Headlines
Friday, March 31st, 2023
(AFRICAN EXAMINER) – The Naira appreciated against the dollar on Friday, exchanging for N461.38 at the investors’ and exporters’ window. The rate represented an increase of 0.03 per cent when compared to the N461.50 it exchanged to the dollar on Thursday. The open indicative rate closed at N461.30 to the dollar on Friday. A spot […]
Posted by Ignatius Okpara
Business News, Featured, Latest Headlines
Friday, March 31st, 2023
(AFRICAN EXAMINER) – The Nigerian Deposit Insurance Corporation, (NDIC) has advised on the need to always save their money with Formal Banking System as they remain the safest, smartest and most prudent place to save and the only way through which the corporation can protect bank deposits. The Organization equally stated that such deposits enjoy […]
Posted by African Examiner
Business News, Featured, Latest Headlines
Friday, March 31st, 2023
(AFRICAN EXAMINER) – The World Bank Group’s Board of Executive Directors announced that Ajay Banga, a U.S. national, was the only nominee for the position of the next President of the bank. This is contained in a statement issued by the World Bank in Abuja on Friday. “The World Bank Group’s Board of Executive Directors […]
Posted by Samson Kankan
Business News, Featured, Latest Headlines
Friday, March 31st, 2023
(AFRICAN EXAMINER) – Nigeria’s total public debt stock consisting of domestic and external debt stocks of the Federal Government of Nigeria, the 36 State Governments and the Federal Capital Territory hit N46.25 trillion or 103.11 billion dollars inn Q4 2022. The National Bureau of Statistics (NBS) made this known on Friday in its Nigerian Domestic […]
Posted by Eric Ojo
Business News, Latest Headlines
Friday, March 31st, 2023
(AFRICAN EXAMINER) – African Development Bank (AfDB) has expressed its motivation for partnering with the the Egyptian African Business Association (EABA). EABA was formed in 2019, with the objective of increasing Egyptian private sector collaboration with African counterparts. It is composed of 22 industrial committees representing all industrial sectors. Its membership consists of companies and […]
Posted by African Examiner
Business News, Featured, Latest Headlines
Thursday, March 30th, 2023
(AFRICAN EXAMINER) – The Central Bank of Nigeria (CBN), in collaboration with the Bankers Committee, has begun its sensitisation and public enlightenment in Kano markets, to enhance the adoption of eNaira. The team, comprising CBN staff and representatives of some commercial banks, took the campaign to Singer Market on Wednesday in Kano metropolis. During the […]
Posted by Samson Kankan
Business News, Latest Headlines
Thursday, March 30th, 2023
The Economic Commission for Africa (ECA) has unveiled a programme to support Member States in modernising administrative data for statistical purposes. This is contained in a statement delivered on behalf of the UN system in Cameroon, by Adama Coulibaly, Chief of the Sub Regional Initiatives Section at ECA’s Office for Central Africa. The ECA also emphasised […]
Posted by Samson Kankan
Business News, Latest Headlines
Wednesday, March 29th, 2023
(AFRICAN EXAMINER) – Chinese e-commerce giant Alibaba on Tuesday announced that it would split into six smaller business units. The split will include online trading, media and cloud services and turn the 220 billion dollars company into a tech holding company, In an unusual move in China, each unit will have its own executive board and […]
Posted by Samson Kankan
Business News, Latest Headlines
Tuesday, March 28th, 2023
(AFRICAN EXAMINER) – The Naira depreciated against the dollar on Monday, exchanging N461.50 at the investors’ and exporters’ window. The rate represented a decrease of 0.04 per cent when compared to the N461.33 for which it exchanged to the dollar before the close of business on on March 24. The open indicative rate closed at […]
Posted by African Examiner
Business News, Latest Headlines
Monday, March 27th, 2023
(AFRICAN EXAMINER) – The Small and Medium Enterprises Development Agency (SMEDAN) has commenced the training of 90 unemployed youths in fashion, leather work and hair dressing in Taraba. Mr Olawale Fasanya, Director General of the agency, said this at the opening of the National Business Skills Development Initiative (NBSDI) programme in Jalingo on Monday. He […]
Posted by Samson Kankan
Business News, Latest Headlines, News Across Nigeria
Saturday, March 25th, 2023
(AFRICAN EXAMINER) – Long queues at commercial banks in Lagos have suddenly disappeared following the injection of more bank notes by the Central Bank of Nigeria (CBN) into commercial banks. The apex bank had on Thursday confirmed the evacuation of bank notes from its vaults to commercial banks across the country as part of a […]
