Posted by African Examiner
Business News, Featured, Latest Headlines
Wednesday, January 25th, 2023
(AFRICAN EXAMINER) – President of African Development Bank (AfDB), Dr. Akinwumi Adesina has harped on the need for African leaders to take concrete steps and intensify efforts geared toward the transformation of cities across the continent. Dr. Adesina gave the charge while speaking at the inaugural forum of the ongoing African Mayoral Leadership Initiative (AMALI), […]
Posted by Nwa Diokpa
Business News, Featured, Latest Headlines
Tuesday, January 24th, 2023
(AFRICAN EXAMINER) – Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has stated that the apex bank will not postpone the deadline to stop the use of the old 200, 500 and 1000 Naira notes. Emefiele stated this in the CBN/Monetary Policy Committee (MPC) briefing in Abuja, on Tuesday, January 24, 2023. The […]
Posted by Samson Kankan
Business News, Featured, Latest Headlines
Tuesday, January 24th, 2023
(AFRICAN EXAMINER) – The Federal Inland Revenue Service (FIRS) generated a record N10.1 trillion revenue in 2022, the agency said. This is the highest tax collection ever recorded in its history. The Service disclosed this in an “FIRS 2022 Performance Update,” report signed by its Executive Chairman, Mr. Muhammad Nami, and released to the public […]
Posted by Ignatius Okpara
Business News, Enugu, Ignatius Okpara, Latest Headlines
Friday, January 20th, 2023
(AFRICAN EXAMINER) – The management of Enugu Chamber of Commerce Industry Mines and Agriculture ECCIMA, has hinted that not less than eight nations across the globe have indicated interest to attend the 34th edition of the Enugu International Trade Fair. According to the organization, the fair will commence on Friday 24th March and run through […]
Posted by Rotimi Fadeyi
Business News, Latest Headlines
Friday, January 20th, 2023
(AFRICAN EXAMINER) – The Nigeria Mining Cadastre Office has declared that it generated N14.59 billion over the last five years. Its Director-General, Obadiah Nkom disclosed this on Thursday when he featured at the 63rd session of the State House Ministerial briefing organised by the Presidential Communications Team at the Presidential Villa He told State House […]
Posted by African Examiner
Business News, Latest Headlines
Wednesday, January 18th, 2023
(AFRICAN EXAMINER) – The naira on Wednesday exchanged at 461.25 to the dollar at the Investors and Exporters window. The figure represented an appreciation by 0.05 per cent compared with the 461.50 it exchanged on Tuesday. The open indicative rate closed at N461 to the dollar on Wednesday. An exchange rate of N462 to the […]
Posted by African Examiner
Business News, Featured, Latest Headlines
Thursday, January 12th, 2023
(AFRICAN EXAMINER) – For failing to submit its annual accounts, authorities in the United Kingdom, have struck off Next International (UK) Limited, a company largely owned by the presidential candidate of the Labour Party, Peter Obi. An online platform, Premium Times, reported that the company was removed from the record in September 2021, following a […]
Posted by Samson Kankan
Business News, Latest Headlines, World News
Wednesday, January 11th, 2023
(AFRICAN EXAMINER) – Global economic growth was projected to slow to 1.7 per cent in 2023, 1.3 percentage points below the forecast made in June last year. Marking its third-weakest pace in nearly three decades, the World Bank Group said in its latest Global Economic Prospects release. Given such adverse shocks as high inflation, rising […]
Posted by Nwa Diokpa
Business News, Latest Headlines
Tuesday, January 10th, 2023
(AFRICAN EXAMINER) – The Central Bank of Nigeria (CBN) will monitor commercial banks to ensure that they comply with the directive of loading the redesigned Naira notes in their Automated Teller Machines (ATMs). CBN Director, Currency Operations, Mr Ahmed Umar, made this known in Abuja on Monday at the Training Session for State Directors, National […]
Posted by African Examiner
Business News, Featured, Latest Headlines
Monday, January 9th, 2023
(AFRICAN EXAMINER) – The Central Bank of Nigeria’s policy on restriction on daily cash withdrawal takes off across the country today, Monday, January 9. African Examiner reports that in this arrangement, the maximum weekly limit for cash withdrawals across all channels by individuals and corporate organisations is N500,000 and N5 million, respectively. Individuals or organisations […]
Posted by African Examiner
Business News, Latest Headlines, Technology
Sunday, January 8th, 2023
(AFRICAN EXAMINER) – AT3 Resources, a communication and events consulting firm is set to inaugurate a digital marketing bootcamp for Small and Medium Scale Enterprises (SMEs) to mark its fifth year anniversary. The Chief Executive Officer of the firm, Tosin Adefeko,made this known in a statement on Saturday in Lagos. She said the digital marketing […]
Posted by African Examiner
Business News, Latest Headlines
Sunday, January 8th, 2023
(AFRICAN EXAMINER) – The equity market on Friday maintained a bullish trend, gaining N193 billion or 0.7 per cent to close at N27.899 trillion as against N27.706 trillion on Thursday. Also, the All-Share Index was up by 353.82 points or 0.7 per cent to close at 51,222.34 compared to 50, 868.52 on Thursday. The market’s […]
Posted by Nwa Diokpa
Business News, Latest Headlines
Thursday, January 5th, 2023
(AFRICAN EXAMINER) – The Nigerian National Petroleum Company (NNPC) Limited has refuted claims that it exported 17.877 million barrels of crude oil without proper documentation from 2016 to 2020. African Examiner recalls that a report quoted the former auditor-general of the federation (AuGF), had accused some exporters of shipping crude oil without trying to meet […]
Posted by Nwa Diokpa
Business News, Latest Headlines
Thursday, December 29th, 2022
(AFRICAN EXAMINER) – The Senate has enjoined the Central Bank of Nigeria (CBN) to extend its deadline for the phasing out of the old N1,000, N500 and N200 notes. African Examiner recalls that the CBN had initially stated that from January 31st the old notes will fizzle out. However, the senate wants the date to […]
Posted by Samson Kankan
Business News, Latest Headlines
Friday, December 23rd, 2022
(AFRICAN EXAMINER) – The Nigerian Naira fell to all-time low of N456.33 per dollar despite increased liquidity at the official market. Foreign exchange (FX) activity levels, which is reflected in the daily turnover rose significantly by 181.62 percent but failed to shore up the value of Naira. The FX daily turnover increased to $377.48 million […]
Posted by Nwa Diokpa
Business News, Latest Headlines
Friday, December 23rd, 2022
(AFRICAN EXAMINER) – CBN Deputy Governor Aisha Ahmad, the Deputy Governor of the Central Bank of Nigeria (CBN), has stated that she does not know the quantities of new notes the CBN printed and released for circulation. Ahmad stated this as she responded to questions when she appeared before the House of Representatives to talk […]
Posted by African Examiner
Business News, Latest Headlines
Friday, December 23rd, 2022
(AFRICAN EXAMINER) – The Central Bank of Nigeria (CBN) has stated that Individuals can now withdraw N500,000 cash weekly after it reviewed its cash withdrawal limits. African Examiner writes that this policy was reviewed two weeks after the CBN initially announced the withdrawal limits policy. Announcing the development in a circular signed by the Director […]
Posted by Eric Ojo
Business News, Latest Headlines, News Around Africa
Saturday, December 17th, 2022
(AFRICAN EXAMINER) – African Development Fund (ADF), the concessional window of the African Development Bank (AfDB) Group, has approved grants worth $20.56 million to finance the fourth expansion of Banjul Port in The Gambia. The funding comprises an ADF grant of $13.71 million and another $6.85 million grant from the Transition Support Facility window. The […]
Posted by Eric Ojo
Business News, Latest Headlines
Wednesday, December 14th, 2022
(AFRICAN EXAMINER) – The Sudanese Government has secured $73.81 million grant from the African Development Bank (AfDB) to finance its emergency wheat production project under the Bank’s African Emergency Food Production Facility. The project which is tagged, “Sudan Emergency Wheat Production Project (SEWPP)”, is aimed at improving the production of wheat in the country. Agriculture […]
Posted by Eric Ojo
African News, Business News, Latest Headlines
Tuesday, December 13th, 2022
(AFRICAN EXAMINER) – African Development Bank (AfDB) and its partners have announced that the newly launched African Pharmaceutical Technology Foundation (APTF) will be unveiled on Thursday in Kigali, Rwanda. The APTF will be unveiled during a forum holding at the 2nd International Conference on Public Health in Africa which runs from December 12 to 15. […]
