(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 […]
(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 […]
(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 […]
(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 […]
(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 […]
…. 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 […]
(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 […]
(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 […]
(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 […]
(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 […]
(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 […]
(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 […]
(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 […]
(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 […]
(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 […]
(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, […]
(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 […]
(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 […]
(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 […]
(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 […]
