Posted by Eric Ojo
African News, Business News, Latest Headlines
Sunday, October 9th, 2022
(AFRICAN EXAMINER) – President of the African Development Bank (AfDB), Dr. Akinwumi Adesina has reassured that the African Development Fund’s Climate Action Window will provide 20 million farmers with access to climate-smart agricultural technologies. The African Development Fund (ADF) is the concessional window of the AfDB group. It contributes to the promotion of economic and […]
Posted by Eric Ojo
African News, Business News, Latest Headlines
Sunday, October 9th, 2022
(AFRICAN EXAMINER) – As preparations for this year’s Africa Investment Forum Market Days gather momentum, expectations are high, particularly amongst the Forum’s founding partners and stakeholders in the financial sector. Taking place in Abidjan, Côte d’Ivoire, from 2 to 4 November, the Africa Investment Forum 2022 (AIF2022), will be Africa’s largest transactional investment marketplace. It […]
Posted by Eric Ojo
Business News, Latest Headlines
Thursday, October 6th, 2022
(AFRICAN EXAMINER) – African Development Bank (AfDB) has approved a $15 million trade finance line of credit and $10 million transaction guarantee for FSDH Merchant Bank in Nigeria. FSDH will use the line of credit to provide loans to local enterprises in Nigeria. The $25 million package will help to reduce the trade finance gap […]
Posted by Eric Ojo
Business News, Latest Headlines
Thursday, October 6th, 2022
(AFRICAN EXAMINER) – Access Holdings Plc. has announced that its wholly-owned subsidiary, Access Bank Plc., has entered into a binding agreement with Montepio Holding SGPS S.A to acquire a 51 percent majority shareholding in Finibanco Angola S.A. Finibanco Angola S.A. is a profitable, well-capitalised full-service commercial bank with over 20 branches and around $300 million […]
Posted by Eric Ojo
African News, Business News, Latest Headlines
Wednesday, October 5th, 2022
(AFRICAN EXAMINER) – African Development Bank (AfDB) has announced that it will be presenting its African Economic Outlook report for the 2022 fiscal year to Asian audiences. The African Economic Outlook is the AfDB’s premier flagship report that serves as a tool for economic intelligence, policy dialogue, and operational effectiveness. The theme for the report, […]
Posted by African Examiner
Business News, Latest Headlines
Tuesday, October 4th, 2022
(AFRICAN EXAMINER) – The Nigerian National Petroleum Company Limited (NNPC Ltd) has declared a profit after tax of N674 billion for the financial year ended Dec. 31, 2021. The profit represented a growth of 134.84 per cent when compared with N287 billion profit in 2020 which was recorded under the old Nigerian National Petroleum Corporation […]
Posted by African Examiner
Business News, Latest Headlines
Saturday, October 1st, 2022
The Nigerian National Petroleum Company Limited (NNPC LTD.) has completed the acquisition of OVH Energy Marketing Limited (OVHEM) downstream assets under an Accelerated Network Expansion (ANEX) Initiative. Unveiling the acquisition on Saturday in Abuja, Sen. Margery Okadigbo, NNPC Ltd Board Chairman, said it would strengthen the downstream business portfolio to enhance profitability and guarantee National […]
Posted by African Examiner
Business News, Latest Headlines
Thursday, September 29th, 2022
(AFRICAN EXAMINER) – The dollar hit N735 in the parallel market on Wednesday as political campaign activities began in the country. According to Bureau De Change operators in Lagos and Abuja, dollar price had increased from N718 – N720 to N728-N735 in the last one week. A BDC operator at Amuwo-Odofin in Lagos, Bala Usman, […]
Posted by African Examiner
Business News, Latest Headlines
Wednesday, September 28th, 2022
(AFRICAN EXAMINER) – In consideration of the galloping global and local inflationary levels, the Monetary Policy Committee of the Central Bank of Nigeria, on Tuesday, raised the benchmark interest rate from 14 to 15.5 per cent. This represents a 150-basis-point increase from the 14 per cent rate voted during the last MPC meeting in July. […]
Posted by Eric Ojo
African News, Business News, Latest Headlines
Wednesday, September 28th, 2022
(AFRICAN EXAMINER) – The African Development Bank (AfDB) has signed a grant agreement for $400,000 with the Caisse des dépôts et consignations of Côte d’Ivoire (CDC-CI). The funds will support CDC-CI, a State-owned bank that handles official deposits to accelerate its activities to assist Ivorian small and medium-sized enterprises. The agreement was signed in Abidjan. […]
Posted by Eric Ojo
African News, Business News, Latest Headlines
Tuesday, September 27th, 2022
(AFRICAN EXAMINER) – The United Nations Development Programme (UNDP), has said that the annual Sustainable Development Goal (SDG) financing gap in Africa has increased to $353 billion due to unexpected external shocks, such as the COVID-19 pandemic. This was disclosed by the UNDP Deputy Assistant Administrator and Officer-in-Charge, Regional Bureau for Arab States, Sarah Poole. […]
Posted by African Examiner
Business News, Latest Headlines
Friday, September 23rd, 2022
(AFRICAN EXAMINER) – First Bank of Nigeria Ltd., in partnership with Verve International, has inaugurated the third National Consumer promo designed to reward users of FirstBank verve card with gifts and cash prizes. Mr Chuma Ezirim, Group Executive, e-Business and Retail Products, FirstBank, said this in a statement on Thursday in Lagos. He said the […]
Posted by Eric Ojo
Business News, Latest Headlines
Tuesday, September 20th, 2022
(AFRICAN EXAMINER) – A frontline multinational commercial bank, Access Bank PLC, has reiterated its commitment to improving the access of women to healthcare services in Nigeria. Doubling down on efforts to accelerate the achievement of SDG 3, which focuses on good health and well-being, the Bank through its ‘W’ Initiative is set to embark on […]
Posted by African Examiner
Business News, Latest Headlines
Tuesday, September 20th, 2022
(AFRICAN EXAMINER) – Average price of 5kg cooking gas increased from N4,397.68 in July to N4,456.56 in August. The assertion was made by the National Bureau of Statistics (NBS), in its Cooking Gas Price Watch issued on Tuesday in Abuja. It noted that the price in August indicated a 1.34 per cent increase on a […]
Posted by Eric Ojo
Business News, Latest Headlines
Tuesday, September 20th, 2022
(AFRICAN EXAMINER) – Small and Medium Enterprises (SMEs) in Africa are at a vantage position to benefit maximally from the newly released series of toolkits by the African Development Bank (AfDB). The toolkits are aimed at assisting SMEs in tapping green investment opportunities contained in countries’ Nationally Determined Contributions (NDCs) under the Paris Agreement. Released […]
Posted by Eric Ojo
Business News, Latest Headlines
Tuesday, September 20th, 2022
(AFRICAN EXAMINER) – President of African Development Bank (AfDB) president Dr. Akinwumi Adesina will join other eminent dignitaries and global leaders for the second edition of the Nigeria International Economic Partnership Forum (NIEPF), holding in New York, United States. The conference which is scheduled for Thursday, on the sidelines of the 77th United Nations General […]
Posted by Eric Ojo
African News, Business News
Thursday, September 15th, 2022
(AFRICAN EXAMINER) – African Development Bank (AfDB) has announced the appointment of Ms. Caroline Kende-Robb as the Director of Strategy and Operational Policies Department of the bank. Ms. Kende-Robb, a British national, brings over 30 years of leadership and management experience in development and humanitarian sectors, coupled with deep knowledge and practical experience in achieving […]
Posted by Eric Ojo
African News, Business News, Latest Headlines, South Africa
Wednesday, September 14th, 2022
(AFRICAN EXAMINER) – African Development Bank (AfDB), has issued a 200 million South African rand (ZAR), 1-year Green Bond which will be due September 2023. The bond, which pays a coupon of 6.90 percent, was arranged by Daiwa Capital Markets Europe and sold in a Private Placement format to a single Japanese institutional investor, Sony […]
Posted by Rotimi Fadeyi
Business News, Featured, Latest Headlines
Monday, September 12th, 2022
…. Advocates Legal Framework, Stiffer Sanctions For Criminals (AFRICAN EXAMINER) – Nigerian National Petroleum Company Limited (NNPCL) has said that the impact of crude oil theft has been affecting its performance, stressing that it losses 470,000 bpd amounting to $700 million monthly coupling with security challenges that hindered oil production in some terminals. Speaking with […]
Posted by Eric Ojo
Business News, Latest Headlines, U.S./Canada
Wednesday, September 7th, 2022
(AFRICAN EXAMINER) – A renowned and accomplished female entrepreneur, Ms. Sharifah Hardie has inaugurated a digital platform that is aimed at raising funds amounting to $1.5 billion for African American-owned businesses. Dubbed, “Support My Black Business (SupportMyBlackBusiness.org)”, it is a crowdfunding platform designed solely to assist local Black-owned businesses to generate funding and to help […]
