Posted by Eric Ojo
Business News, Latest Headlines
Tuesday, December 13th, 2022
(AFRICAN EXAMINER) – African Development Bank (AfDB) Group has announced the appointment of Prof. Padmashree Gehl Sampath as the new Special Advisor on Pharmaceuticals and Health Infrastructure to the president of the bank, Dr. Akinwumi Adesina. Prof. Sampath will also be leading the technical work related to the setting up of the African Pharmaceutical Technology […]
Posted by Eric Ojo
African News, Business News, Latest Headlines
Monday, December 12th, 2022
(AFRICAN EXAMINER) – The African Development Bank (AfDB) Group has approved a loan of $179.66 million to support government reforms to restore post-pandemic fiscal stability and economic recovery in Botswana. The funds for phase II of the programme will build on the successes of the first phase by supporting policy measures designed to boost economic […]
Posted by African Examiner
Business News, Latest Headlines
Friday, December 9th, 2022
(AFRICAN EXAMINER) – The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, says the newly redesigned Naira notes are already in banks and ready for issuance. According to multiple tweets on CBN’s official handle, Emefiele made the statement at Daura while on a visit to brief President Muhammadu Buhari on the Naira […]
Posted by Samson Kankan
Business News, Featured, Latest Headlines
Friday, December 9th, 2022
(AFRICAN EXAMINER) – The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has disclosed that the new naira notes have already been disbursed to the various commercial banks and expect that banks would begin distribution to the public. Emefiele made the declaration on Thursday after a visit to President Muhammadu Buhari in his […]
Posted by Eric Ojo
African News, Business News, Latest Headlines
Thursday, December 8th, 2022
(AFRICAN EXAMINER) – Development partners of the African Development Fund (ADF) have agreed to commit a total package of $8.9 billion to its 2023 to 2025 financing cycle. This is coming after a year of intense negotiations and a difficult global economic outlook. It is the largest replenishment in the history of the Fund. ADF […]
Posted by African Examiner
Business News, Featured, Latest Headlines
Thursday, December 8th, 2022
(AFRICAN EXAMINER) – Business, finance experts and other stakeholders were sharply divided on the implications and timing of the new cash withdrawal limits by the Central Bank of Nigeria (CBN). They are concerned that the new policy might worsen the tight economic environment. The Senate has scheduled a debate on the matter for next Tuesday. […]
Posted by Eric Ojo
Business News, Latest Headlines
Thursday, December 8th, 2022
(AFRICAN EXAMINER) – A frontline multinational commercial bank in Nigeria, Access Bank Plc has lauded the impact of women on the national economy and reiterated the need for corporate organisations to support the female entrepreneurs. Owned by Access Bank Group, the bank is proactively deepening its commitment to inspire, connect and empower women through the […]
Posted by Nwa Diokpa
Business News, Featured, Latest Headlines
Tuesday, December 6th, 2022
(AFRICAN EXAMINER) – A new cash withdrawal limit which is a follow-up policy to the Naira Redesign Policy has been announced by the Central Bank of Nigeria. In a statement signed by the Supervising Director of the CBN, Haruna B. Mustapha, the maximum cash withdrawal over the counter (OTC) by individuals and corporate organizations per […]
Posted by Eric Ojo
Business News, Latest Headlines
Monday, December 5th, 2022
(AFRICAN EXAMINER) – African Development Bank (AfDB) Group has approved $301 million grant to overhaul the Kampala-Malaba Meter Gauge Railway (MGR) in Uganda. The railway line is part of the East African Community’s Northern Corridor linking the capital, Kampala, to Kenya’s coastal city of Mombasa. The East African Community Railway Rehabilitation Support Project will bolster […]
Posted by Eric Ojo
African News, Business News, Latest Headlines
Sunday, December 4th, 2022
(AFRICAN EXAMINER) – President of the African Development Bank (AfDB), Dr. Akinwumi Adesina has said that the African Diaspora has become the largest financier of the continent. Dr. Adesina made the observation in his opening remarks at the hybrid Forum, hosted by the bank in partnership with the African Union (AU) Commission, the International Organisation […]
Posted by Eric Ojo
Business News, Latest Headlines
Friday, December 2nd, 2022
(AFRICAN EXAMINER) – The African Financial Alliance on Climate Change (AFAC) unveiled a new strategy vision for 2030, which is aimed at catalyzing private financing for climate action across Africa. This inauguration of the vision was held during AFAC strategy session that took place on the sidelines of global climate summit (COP27), prioritizing mobilizing capital […]
Posted by Nwa Diokpa
Business News, Latest Headlines
Thursday, December 1st, 2022
(AFRICAN EXAMINER) – Major players in the soft drink market have pleaded with the national assembly to protect businesses from collapsing over the N10/litre excise duty tax imposed on the industry. They made this known on Wednesday in Abuja in a meeting with the leadership of the national assembly. African Examiner recalls that in January, […]
Posted by Nwa Diokpa
Business News, Latest Headlines
Thursday, December 1st, 2022
(AFRICAN EXAMINER) – Despite the increasing fuel scarcity across the country, the Nigerian National Petroleum Company Limited (NNPC Ltd) has stated that it has two billion litres of Premium Motor Spirit (PMS), aka petrol, in stock. In a statement on Thursday, Adeyemi Adetunji, Executive Vice President, Downstream, NNPC Limited, disclosed that with enough fuel in […]
Posted by Nwa Diokpa
Business News, Latest Headlines
Thursday, December 1st, 2022
(AFRICAN EXAMINER) – The International Monetary Fund has stated that it will help Ghana restore macroeconomic stability. Ghana had requested for help from the IMF in July after its citizens protested the spiraling inflation, currency depreciation, and other economic woes. In a statement on Wednesday, IMF stated that its team would visit the West African […]
Posted by Eric Ojo
African News, Business News, Latest Headlines
Thursday, December 1st, 2022
(AFRICAN EXAMINER) – African Development Fund (ADF), the concessional lending arm for the African Development Bank (AfDB) Group, has approved $13.95 million grant for the implementation of Borana Resilient Water Development for Improved livelihoods programme in Ethiopia Administered by the AfDB, the ADF comprises 32 contributing countries and benefits 37 countries. The 37 ADF-eligible countries […]
Posted by Eric Ojo
African News, Business News, Latest Headlines
Tuesday, November 29th, 2022
(AFRICAN EXAMINER) – African Development Fund (ADF), the concessional lending arm for the African Development Bank (AfDB) Group, has approved $16 million in loan and grant financing to Niger to implement the Financial Sector Deepening and Inclusion Project. Administered by the AfDB, the ADF comprises 32 contributing countries and 37 benefits countries. The 37 ADF-eligible […]
Posted by Eric Ojo
Business News, Latest Headlines
Friday, November 25th, 2022
(AFRICAN EXAMINER) – Liberia has secured $5.12 million from the African Development Bank (AfDB) Group for the implementation of for the Emergency Food Production Programme in the country. This paves the way for the government to support farmers as they increase climate resilient food production and mitigate the impact of the ongoing war in Ukraine. […]
Posted by Samson Kankan
Business News, Latest Headlines
Friday, November 25th, 2022
(AFRICAN EXAMINER) – The Central Bank of Nigeria (CBN) says it is planning to reduce the volume of higher denominations — N500 and N1000 — in circulation to tame inflation. Godwin Emefiele, governor of CBN, made this known while fielding questions from journalists at the monetary policy committee (MPC) meeting in Abuja. Emefiele said increasing […]
Posted by Eric Ojo
African News, Business News, Latest Headlines
Thursday, November 24th, 2022
(AFRICAN EXAMINER) – African Development Fund (ADF), the concessional window of the African Development Bank (AfDB) Group, has approved a $27.9 million grant to Ghana for the development of Savannah Agriculture Value Chain Development Project (SADP). The SADP project, which is located in Savannah region of the West African nation, will be implemented by Ghana’s […]
Posted by Samson Kankan
Business News, Featured, Latest Headlines
Wednesday, November 23rd, 2022
(AFRICAN EXAMINER) – The redesigned Naira, an official legal tender issued by the Central Bank of Nigeria (CBN), has been unveiled by President Muhammadu Buhari during the weekly Federal Executive Council at the Presidential Villa on Wednesday. Bashir Ahmad, Special Assistant on Digital Communications to President Muhammadu Buhari, shared photos of the currency after it […]
