(AFRICAN EXAMINER) – The National Bureau of Statistics (NBS), says the average price of 5kg of cooking gas increased from N3,708.58 in February 2022 to N4,600.57 in February 2023. This is contained in the Bureau’s “Cooking Gas Price Watch’’ for February 2023 released on Friday in Abuja. The report said the February price represented a […]
(AFRICAN EXAMINER) – The CBN has described as fake, the news making the rounds that it suspended accounts of Fintech companies like OPAY and PALMPAY. CBN’s Acting Director, Corporate Communications, Mr Isa AbdulMumin, told the News Agency of Nigeria (NAN) in Abuja on Friday that the viral news “is simply fake’’. The viral news credited […]
(AFRICAN EXAMINER) – The Pension Transitional Arrangement Directorate (PTAD), says it would unveil “Am Alive” Confirmation solution on April 14, according to Mr Gbenga Ajayi, PTAD’s Head of Corporate Communications. He said said in a statement on Saturday in Abuja, that the solution is an online platform for pensioners to periodically confirm that they are […]
(AFRICAN EXAMINER) – The Nigerian insurance industry generated N726.2billion as gross premium income at the end of fourth quarter 2022. A bulletin of the industry’s regulator, National Insurance Commission (NAICOM), titled “Insurance Industry Performance for Fourth Quarter 2022″, made available on Thursday in Lagos stated this. NAICOM said that the result represented a growth proportion […]
(AFRICAN EXAMINER) -The African Development Bank (AfDB) has signed a €362,000 grant agreement with Hadejia Jama’are Komadugu Yobe Basin-Trust Fund to support water resources development in northern Nigeria. Created in 2006, the Hadejia-Jama’are-Komadugu-Yobe Basin Trust Fund is an innovative platform for joint intervention by the riparian states, with the support of the Federal Government for […]
(AFRICAN EXAMINER) – The Nigerian Ports Authority (NPA) says it is expecting 21 ships at the Lagos Port Complex. The NPA made this known in its publication, `Shipping Position`, a copy of which was made available to the News Agency of Nigeria (NAN) on Wednesday in Lagos. It said two out of the 21 ships […]
(AFRICAN EXAMINER) – Activities on the domestic equities market closed Wednesday on a positive note, extending the gaining streak by N18 billion. The positive outcome was buoyed by investors’ buy-interests in banking stocks, with market indices increasing further by 0.06 per cent. Specifically, the All-Share Index grew by 31.43points or 0.06 percent to close at […]
(AFRICAN EXAMINER) – The Central Bank of Nigeria (CBN), has disbursed N12.65 billion to the Anchor Borrowers Programme (ABP), its flagship agriculture intervention scheme from January till date. The CBN Governor, Mr Godwin Emefiele said this on Tuesday in Abuja, when he read the communique issued at the end of the 290th meeting of the […]
(AFRICAN EXAMINER) – African Development Bank (AfDB) Group has approved a $30 million Trade and Small and Medium Enterprises (SME) finance grant for Family Bank Limited (FBL) in Kenya. FBL became a fully-fledged commercial bank in May 2007. The Bank is regulated by the Central Bank of Kenya (CBK). From only one branch in 1985, […]
(AFRICAN EXAMINER) – The market capitalisation of Bitcoin has risen by $211.32bn in the first 76 days of 2023. This is a 66.34 per cent increase in the time under review and an indication of recovery after the most popular cryptocurrency fell by 65.29 per cent in 2022. After falling to $16,547.50 as of December […]
(AFRICAN EXAMINER) – The United States Government has expressed its support for business women leaders in Africa with a view to encouraging them to grow and attain greater heights. U.S. Ambassador to Cote d’Ivoire Jessica Davis disclosed this while speaking as special guest at a special evening session, hosted by the African Investment Forum (AIF) […]
(AFRICAN EXAMINER) – The Federal Government has raked in N10.1tn from the collection of Value Added Tax under the regime of the President, Major General Muhammadu Buhari (retd.). This comes against the backdrop of the advice by the Minister of Finance, Zainab Ahmed, that the incoming government should increase the VAT from the current 7.5 […]
(AFRICAN EXAMINER) – The currency in circulation in the country dipped by a 235.03 per cent to N982.09bn at the end of February from N3.29tn at the end of October 2022, on the back of the naira redesign policy of the Central Bank of Nigeria. Figures obtained from the CBN revealed that N2.3tn was mopped […]
The Economic Commission for Africa (ECA), says African countries have made commendable progress in implementing the regional integration agenda and promoting intra-regional trade. Mr Stephen Karingi, ECA’s Director, Regional Integration and Trade Division, in a statement, however, said more work was needed to accelerate the African Continental Free Trade Agreement (AfCFTA). Karingi said efforts should also be […]
(AFRICAN EXAMINER) – President Muhammadu Buhari on Thursday declared that for any economy to grow and create jobs, an equally vibrant, successful small and medium enterprise sector was also of vital importance. According to him, it was for this reason that he recently signed the Business Facilitation Bill into law. A statement signed by Special […]
(AFRICAN EXAMINER) – The Shell Petroleum Development Company of Nigeria Limited (SPDC) on Wednesday announced the resumption of oil exports from the Bonny Crude Oil Export Terminal. The News Agency of Nigeria (NAN) reports that the resumption from the facility follows the lifting of ‘Force Majeure’ on oil exports due to a blast on a […]
(AFRICAN EXAMINER) – The Presidential Enabling Business Environment Council (PEBEC) has urged the National Identity Management Commission (NIMC) to address charges introduced for National Identification Number (NIN) integration and verification. Dr Jumoke Oduwole, PEBEC Secretary/Special Adviser to the President, Ease of Doing Business, in a statement, said this would enable passport applicants get faster and […]
(AFRICAN EXAMINER) – Some Lagos residents say they regret collecting the old N500 and N1,000 notes from commercial banks after the Supreme Court judgment validated them as legal tender till Dec. 31. They told the News Agency of Nigeria (NAN) in separate interviews that it had been challenging spending the old notes as Nigerians were […]
The Naira on Friday lost to the dollar as it exchanged at N461.50 at the Investors’ and Exporters’ window. The rate represented a decrease of 0.11 per cent, compared to the N461 for which it exchanged to the dollar on Thursday. The open indicative rate closed at N461.50 to the dollar on Friday. An exchange […]
(AFRICAN EXAMINER) – The Naira gained further on Thursday as it exchanged at N461 to the dollar at the Investors and Exporters window. The rate represented an increase of 0.05 per cent, compared to the N461.25 for which it exchanged to the dollar on Wednesday. The open indicative rate closed at N461.25 to the dollar […]
