(AFRKCAN EXAMINER) – Gov. Rotimi Akeredolu of Ondo State on Thursday decried the rejection of old naira notes by traders and business owners in the state. Akeredolu in a statewide broadcast in Akure, said the rejection of the old naira notes was a flagrant disobedience of the law. The governor explained that rejecting the old […]
(AFRICAN EXAMINER) – The Corporate Affairs Commission (CAC), has expressed concern over the number of associations applying to register as medical laboratory science operators. The Registrar-General of CAC, Alhaji Garba Abubakar, in a statement said this when he received the Registrar/Chief Executive Officer (CEO) Medical Laboratory Science Council of Nigeria (MLSCN), Dr Tosan Erhabor in […]
(AFRICAN EXAMINER) – Nigeria’s total public debt portfolio now stands at about N48.93 trillion, with the government borrowing about N3.73 trillion over the past five months. Data obtained yesterday showed that the government raised about N1.599 trillion in the fourth quarter of 2022. A breakdown indicated that Nigeria’s domestic debts have risen to about N30.643 […]
(AFRICAN EXAMINER) – European Investment Bank (EIB), a long-term lending institution of the European Union (EU), owned by its Member States, has reaffirmed it commitment to accelerating renewable energy across Africa. EIB makes long-term finance available for sound investment in order to contribute towards EU policy goals. Its specialized arm known as EIB Global, is […]
(AFRICAN EXAMINER) – African Development Bank (AfDB) Group has reiterated the importance of partnerships in driving sustainable development in Africa. AfDB Vice President of Infrastructure, Private Sector and Industrialization, Solomon Quaynor made the observation while speaking at the signing ceremony of a joint partnership action plan by the AfDB Group and the Islamic Development Bank (IsDB), […]
(AFRICAN EXAMINER) – The African Development Bank (AfDB) Group has opened a second Information and Communications Technology Centre of Excellence at the United States International University-Africa in Nairobi, Kenya. This marks an important milestone for the Bank’s Coding for Employment programme and its growing partnerships with higher education and technical and vocational education and training […]
(AFRICAN EXAMINER) – The African Development Bank (AfDB) has announced that it will participate in the 21st International Congress of the African Water Association (AfWA) and 7th Fecal Sludge Management (FSM) Conference, holding in Abidjan The conference scheduled for February 19 to 23, will be convened under the theme, “Acting for sustainable management of resources […]
(AFRICAN EXAMINER) – The African Development Bank has announced the appointment of Mr. Abdourahmane Diaw as the new Country Manager for its Office in Egypt. Mr. Diaw, whose appointment took effect from 1st November 2022, is a Senegalese national, with more than 28 years of experience in the implementation of development programmes and projects under […]
(AFRICAN EXAMINER) – Morocco has secured €201,000 grant from the African Development Bank (AfDB) Group to strengthens its technical assistance and boost water resources management. Morocco’s semi-arid climate makes the country vulnerable to climatic hazards, characterized by alternating wet and dry seasons. The country is experiencing recurrent periods of acute drought with increasing water stress […]
(AFRICAN EXAMINER) – Governor of the Central Bank of Egypt and current Chairman of the Boards of Governors of the African Development Bank (AfDB) Group, Mr. Hassan Abdalla has reaffirmed that the Egyptian resort city of Sharm El Sheikh is prepared to hots the bank’s Annual Meeting in May. This is coming after Sharm El […]
(AFRICAN EXAMINER) – Guaranty Trust Bank (GTB) has taken possession of the assets of Stallion Nigeria Limited in Lagos and its sister firms, following a N13 billion judgment debt in a suit filed at the Federal High Court, Lagos. Possession was taken through the receiver/manager appointed by GTBank, Mr. Temilolu Adamolekun. Officials from his office […]
Signs agreement with Sinoma (AFRICAN EXAMINER) – Dangote Industries Limited (DIL) has signed an agreement with China Sinoma International Engineering to build a six million tons per annum cement plant in Itori, Ogun State. The agreement was signed by the Chairman of Dangote Cement Plc, Aliko Dangote alongside the Group Executive Director, Strategy, Capital Projects & […]
(AFRICAN EXAMINER) – In a bid to further strengthen its partnership with African Development Bank (AfDB), the Nordic Development Fund (NDF) has announced a significant increase in its financial support for urban city development in Africa. This is coming at the heels of the rapidly growing cities that bear the brunt of the impact of […]
(AFRICAN EXAMINER) – The Sustainable Energy Fund for Africa (SEFA) of the African Development Bank (AfDB) Group, said it is providing $1 million to support private investment in sustainable transport in seven African countries. SEFA is a multi-donor Special Fund that provides catalytic finance to unlock private sector investments in renewable energy and energy efficiency. […]
(AFRICAN EXAMINER)- ECOWAS Bank for Investment and Development (EBID), has secured a dual-currency Trade Finance Line of Credit comprising $50 million and €50 million from the African Development Bank (AfDB) Group. The Transaction Line of Credit as approved by the AfDB’s Board of Directors, is aimed at enhancing food security and boost agricultural value chains […]
(AFRICAN EXAMINER) – Management of Vanguard Newspapers over the weekend bestowed the honour of “Personality of the Year” on the President of Dangote Group, Aliko Dangote. The Newspaper rolled out red carpet in celebration of men and women who have distinguished themselves as achievers of excellence in their various fields of endeavors. Governors, Ministers, Heads […]
(AFRICAN EXAMINER) – African Development Bank (AfDB) Group and the International Fund for Agricultural Development (IFAD), have sealed a new deal to ramp up agricultural investments in African countries. Dubbed, “Mission 1 for 200”, the new initiative aims to increase funding to the agriculture and food sectors in the continent. The initiative, which was jointly launched […]
(AFRICAN EXAMINER) – Godwin Emefiele, the governor of the Central Bank of Nigeria (CBN), has stated that N1.7 trillion worth of naira notes have found their way back to the CBN’s vaults so far and N500 billion more to go. The African Examiner had earlier reported that the apex bank on Sunday extended the deadline […]
(AFRICAN EXAMINER) – An Enugu based law firm, A.O. Omotayo and Associates has petitioned the Rivers State Police Command over unlawful, illegal invasion and locking up of the Port Harcourt branch of MAYFRESH Mortgage bank limited by its landlord Chief C.U Nwadike. The petition signed by the lead Counsel of the law firm, Olu Omotayo, […]
(AFRICAN EXAMINER) – African Development Bank (AfDB) Group has announced its plans to invest $10 billion over the next five years to boost Africa’s efforts to end hunger and become a primary food provider for itself and the rest of the world. The Bank Group President, Dr Akinwumi Adesina, disclosed this on Wednesday at the […]
