Posted by Eric Ojo
African News, Business News, Latest Headlines
Monday, October 17th, 2022
(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 […]
Posted by Eric Ojo
African News, Business News, Latest Headlines
Sunday, October 16th, 2022
(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 […]
Posted by Eric Ojo
African News, Business News, Latest Headlines
Saturday, October 15th, 2022
(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 […]
Posted by African Examiner
Business News, Latest Headlines
Friday, October 14th, 2022
(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 […]
Posted by Oludare Fase
Business News, Latest Headlines, News From The State
Thursday, October 13th, 2022
(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 […]
Posted by African Examiner
Business News, Latest Headlines
Wednesday, October 12th, 2022
(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 […]
Posted by African Examiner
Business News, Latest Headlines
Wednesday, October 12th, 2022
(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 […]
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 […]
