(AFRICAN EXAMINER) – President Muhammadu Buhari on Wednesday in Seoul, expressed Nigeria’s desire to widen the scope of trade relations with the Republic of Korea beyond gas exports. Speaking during a bilateral meeting with his Korean counterpart, Mr. Yoon Suk-Yeol at the Presidential Palace on the sidelines of the First World Bio Summit, Buhari called […]
(AFRICAN EXAMINER) – The Governor, Central Bank of Nigeria, Godwin Emefiele, has announced that the bank would release re-designed Naira notes by December 15, 2022. He also said that existing notes would seize to be regarded as legal tender by January 31, 2023. Emefiele disclosed this during a press briefing in Abuja on Wednesday. The […]
(AFRICAN EXAMINER) – Chief Executive Officer, of the National Petroleum Authority (NPA) of Ghana, Mustapha Abdul-Hamid, said the coming onstream of 650,000 barrels-per-day (bpd) Dangote Petroleum Refinery will transform the Ghanaian downstream sector through the reduction in the cost of importation of petroleum products into Ghana. Speaking at the 16th Oil Trading and Logistics Expo […]
(AFRICAN EXAMINER) – Acting Chief Economist and Vice President of the African Development Bank (AfDB), Prof Kevin Urama has urged world leaders to take seriously climate finance and just energy transitions in Africa. Prof. Urama also called on industrialized countries to fulfill the pledge made at the 2009 Conference of Party (COP) meetings to provide […]
(AFRICAN EXAMINER) – The Naira on Tuesday exchanged at 441.67 to the dollar at the Investors and Exporters window, a depreciation of 0..07 per cent, compared with N441.38 to the dollar it exchanged on Monday. The open indicative rate closed at N440.58 to the dollar on Tuesday. An exchange rate of N447 to the dollar […]
(AFRICAN EXAMINER) – African Development Bank (AfDB) has approved a €5.76 million grant to the Comoros to increase food production and enhance the resilience of its food system. The move comes as the country has experienced rising food prices due to the war in Ukraine. The grant funds will come from the African Development Bank’s […]
(AFRICAN EXAMINER) – The third edition for the Finance in Common summit ended on Thursday amid calls on the delegates to turn their commitments to do more in development financing for Africa into actions. This is coming ahead of the 2022 United Nations Climate Change Conference (COP27) next month. The public development banks meeting in […]
(AFRICAN EXAMINER) – European Investment Bank (EIB) has expressed its excitement over the strategic relationship and growing collaboration with the Development Bank of Rwanda (DBR). The BRD is Rwanda’s only national development finance institution with a mandate to ensure that the private sector plays its role in sectors critical to achieving the National Strategy for […]
(AFRICAN EXAMINER) – Affirmative Finance Action for Women in Africa (AFAWA), an initiative of the African Development Bank (AfDB), in collaboration with the Alliance for Financial Inclusion has introduced a new programme aimed at increasing financial inclusion for women-led enterprises across the African continent. The new initiative was presented to African Finance Ministers and Central […]
(AFRICAN EXAMINER) – Climate finance committed by major multilateral development banks (MDBs) rose in 2021 with over $19 billion committed to climate change adaptation finance, according to the Joint Report on Multilateral Development Banks’ Climate Finance, published on Friday. The report tracks the progress of MDBs in relation to their climate finance targets such as […]
(AFRICAN EXAMINER) – The Naira on Monday appreciated slightly against the dollar at the Investors and Exporters window, exchanging at N441.25. The figure represented an increase of 0.03 per cent compared with the N441.38 it exchanged for the dollar before the close of business on Oct. 14. The open indicative rate closed at N439.63 to […]
(AFRICAN EXAMINER) – Abidjan the capital city of Côte d’Ivoire is buzzing with activities as stakeholders and representatives of Public Development Banks (PDBs) from around the world converge for the kick- off of this year’s edition of Finance in Common Summit (FICS) today. The FICS is the global network of all PDBs, which aims to […]
(AFRICAN EXAMINER) – The pound jumped more than one percent against the dollar Monday as Britain’s fourth finance minister in as many months prepared to update on UK tax and spending plans that spooked markets in recent weeks. Sterling rallied 1.1 percent to $1.1293 ahead of Jeremy Hunt’s fiscal announcement due 1000 GMT. Hunt became […]
(AFRICAN EXAMINER) – African Development Bank (AfDB) has approved a grant of $2.5 million to the Mozambican government to develop its renewable energy resources. The grant, which was obtained through the Sustainable Energy Fund for Africa (SEFA), administered by the Bank, will be used to implement the Mozambique Renewable Energy Integration Programme (MREP) in the […]
(AFRICAN EXAMINER) – The African Development Bank (AfDB) will on Monday host an online seminar to encourage African young entrepreneurs in the agriculture sector to enter for its 2022 edition of the AgricPitch competition. AgriPitch is a platform where the continent’s top agripreneurs vie for a share of $140,000 in seed funding prizes, a slot […]
(AFRICAN EXAMINER) – African Development Bank (AfDB) has approved a $50 million Risk Participation Agreement (RPA) for Natixis, a French Bank to strengthen the development of trade in Africa. Natixis is the international corporate, investment, asset management, insurance and financial services bank of Groupe BPCE, the second largest banking group in France. It has business […]
(AFRICAN EXAMINER) – The Naira on Thursday exchanged at N441.83 to the dollar at the Investors and Exporters window, a depreciation of 0.26 per cent, compared with N440.67 to the dollar it exchanged on Wednesday. The open indicative rate closed at N439.70 to the dollar on Thursday. An exchange rate of N442 to the dollar […]
(AFRICAN EXAMINER) – With huge optimism and a firm belief in the vast economic potentials of Gombe State, Governor Muhammadu Inuwa Yahaya, scores another first, as he flags off the maiden Gombe Investment Summit tagged GoInvest 2022. At the opening ceremony of the three day conference with participants from Nigeria and outside the country, Governor […]
(AFRICAN EXAMINER) – The Naira on Tuesday exchanged at N441.17 to the dollar at the Investors and Exporters window, a depreciation of 0.46per cent, compared with N439.17 to the dollar at the close of business on Oct. 7. The open indicative rate closed at N439.40 to the dollar on Tuesday. An exchange rate of N414 […]
(AFRICAN EXAMINER) – First Bank of Nigeria Ltd., on Tuesday partnered Junior Achievement Nigeria (JAN) to implement the 22nd National Company of the Year (NCOY) competition. Mrs Folake Ani-Mumuney, Group Head, Marketing and Corporate Communications, FirstBank, said in a statement that the goal of JAN was to inspire senior secondary school students to start and […]
