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IT Expert Launches New Social Media Platform To Celebrate African American Culture

(AFRICAN EXAMINER) – A renowned Information Technology (IT) guru, Ernest Manning has launched a new social media platform that celebrates Black and Brown culture, unity and love. Manning, a retired Air Force Master Sergeant is the founder and Chief Executive Officer (CEO) of WeKinFolk.com, an online space that celebrates Black business achievements while building social […]

Again, Naira Depreciates Against Dollar, Exchanges At N431.50

(AFRICAN EXAMINER) – The Naira on Friday depreciated against the dollar at the Investors and Exporters window, exchanging at N431.50. The figure represented a decrease of 0.35 per cent, compared with N430 it exchanged for the dollar on Thursday. The open indicative rate closed at N429.10 to the dollar on Friday. An exchange rate of […]

Moremong Harps On Bankable Projects In Africa

(AFRICAN EXAMINER) – Ms. Tshepidi Moremong, the Chief Operating Officer of Africa50, a Pan-African infrastructure investment platform, has expressed optimism over the availability of a number of bankable projects in Africa. Ms. Moremong made the observation during a webinar organized recently by the African Development Bank (AfDB) and the Japan International Cooperation Agency (JICA). The […]

Fuel Importation ‘ll End By 2023 — Kyari

(AFRICAN EXAMINER) – The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, has said that the country would stop importing petroleum products by 2023. Kyari disclosed this during a press briefing at the state house in Abuja, on Tuesday. Kyari, who spoke during the weekly Ministerial Briefing, hosted by the […]

Fidelity Bank Seals Pact To Take Over Union Bank UK

(AFRICAN EXAMINER) – Fidelity Bank has agreed to take over the United Kingdom unit of Nigeria’s second oldest lender, Union Bank, the former said Tuesday. It is the latest phase in the train of divestments by the latter which, beginning late last year, saw Union Bank offload 90 per cent of its shareholding to a […]

Dangote To Cut Sugar Import By 40%

(AFRICAN EXAMINER) – The management of Dangote Sugar Refinery Plc has stated that, its about to cut the importation of sugar into the country by 40 percent. The President, Dangote Group, Aliko Dangote, stated in a statement that it was embarking on Phase II of its sugar project, which would cover over 100,000ha to make […]

Naira Constant, Exchanges At N430.33 To Dollar

(AFRICAN EXAMINER) – The Naira remained constant on Monday exchanging at N430.33 to the dollar at the Investors and Exporters window. It remained unchanged from its value on Friday. The open indicative rate closed at N429.07 to the dollar on Monday. An exchange rate of N432 to the dollar was the highest rate recorded within […]

Zambia Seeks Dangote’s Assistance in Developing Fertiliser Industry

(AFRICAN EXAMINER) – The Zambian Minister of Commerce and Industry, Mr. Chipoka Mulenga, has sought the assistance of the President, Dangote Group, Aliko Dangote in the development of his country’s agricultural sector. Chipoka Mulenga, who led a delegation from Zambia on tour of the 3.00 million metric tonnes Dangote Fertiliser plant at the weekend, called […]

Firstbank Unveils Activities For CRS Week

(AFRICAN EXAMINER) – First Bank of Nigeria Ltd. has announced plans for the fifth edition of its Corporate Responsibility and Sustainability (CRS) Week. The bank’s Group Head, Marketing and Corporate Communications, Mrs Folake Ani-Mumuney, said this in a statement on Sunday in Lagos. The statement said that the event slated for Aug. 22 to 27, […]

AfDB Announces New Ten-Year Strategy

(AFRICAN EXAMINER) – The African Development Bank Group has launched preparations for a new Ten-Year Strategy (TYS 2023-2032), which will supersede its current TYS (2013-2022). Founded in 1964, the Bank Group is comprised of the African Development Bank (AfDB), the African Development Fund (ADF), and the Nigeria Trust Fund (NTF). Its overall mission is to […]

(BREAKING): eNaira Becomes USSD Enabled From Next Week

(AFRICAN EXAMINER) – From next week, Nigerians will be able to open an eNaira wallet and conduct transactions by simply using a designated USSD code on any phone. To carry out these transactions, Nigerians will only have to dail *997 from their phones. Central Bank of Nigeria (CBN) Governor Godwin Emefiele stated these at the […]

Electricity Workers Suspend Strike For Two Weeks

(AFRICAN EXAMINER) – The leadership of the National Union of Electricity Employees (NUEE) has suspended the ongoing strike by two weeks. Mr Godfrey Abah, the Chairman, FCT chapter of the National Union of Electricity Employees (NUEE) said this in an interview in Abuja on Wednesday. Abah said that the suspension followed a meeting held with […]

Female CEO Offers $25,000 In Funding To African American Entrepreneurs

(AFRICAN EXAMINER) – The founder and Chief Executive Officer (CEO) of the Official Black Wall Street (OBWS) app, Mandy Bowman is currently using her brand to give away $25,000 in grants to African American entrepreneurs. Bowman, who resigned from her corporate job as a social media manager in 2017 when she was 27, is just […]

African Business Roundtable, Afreximbank Set Agenda For Project Preparation In Africa

(AFRICAN EXAMINER) – The African Business Roundtable (ABR) and the African Import-Export Bank (Afreximbank) have rounded off their first webinar in series for project preparation in Africa. The ABR and Afreximbank came together last week in a well- executed endeavor that is a passion of both organizations which is deeply rooted in bringing business projects […]

Dangote Bags Nigerien National Honour Over Health Intervention

…As Dangote, Bill Gates Foundations Sign MOU on Immunization (AFRICAN EXAMINER) – President/Chief Executive of Dangote Industries Limited, Aliko Dangote has been conferred with the Commander of the Order of Merit of Niger award by the President of the Republic of Niger, His Excellency Mohamed Bazoum in Niamey. According to the certificate of conferment presented […]

Forgery: Court Orders Arrest of Wema Bank MD, Ademola Adebise

(AFRICAN EXAMINER) – A Magistrates’ Court in Wuse, Abuja, has issued a warrant of arrest against the Managing Director of Wema Bank Plc, Ademola Adebise, for alleged forgery. The court ordered the immediate arrest of Adebise by the Nigeria Police Force and other security agencies in the country. “You are hereby directed to arrest the […]

AfDB Appoints New Acting Vice President For Regional Development, Integration, Service Delivery

(AFRICAN EXAMINER) – The African Development Bank (AfDB) has appointed Mrs. Marie-Laure Akin-Olugbade, née Ndongo-Seh, as Acting Vice-President of its Regional Development, Integration and Business Delivery Complex, with effect from 1st August Akin-Olugbade, a Cameroonian national, is currently the Director General of the Business Development and Delivery Office for the West Africa Region of the […]

OML 11: Host Communities Reject Sahara Energy, Demand Dialogue with NPDC

(AFRICAN EXAMINER) – Host communities of the Oil Mining Licence (OML) 11 in Rivers and Abia States have rejected Sahara Energy except the federal government, through Nigerian Petroleum Development Company (NPDC), dialogue with them on the operatorship of the licence. The communities under the aegis of Ogoni, Asa, Imo River OML11 Oil Producing Communities insisted […]

U.S. Finance Agency Seals $280 Deal With Access Bank To Raise Small Businesses In Nigeria

(AFRICAN EXAMINER) – The United States International Development Finance Corporation (DFC) has signed a commitment letter for a $280 million loan in financing for Access Bank Plc to boost small businesses in Nigeria. DFC partners with the private sector to finance solutions to the most critical challenges facing the developing world today. The corporation invest […]

COP 27: Atlantic Council Panel Canvasses Africa Agenda

(AFRICAN EXAMINER) – Participants at a Panel Dialogue on the African Development Bank’s African Economic Outlook 2022 said on Wednesday that Africa deserves the highest priority attention it can get at the United Nations climate conference, COP 27 holding in November this year in Egypt. The event which was hosted by the Atlantic Council in […]

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