(AFRICAN EXAMINER) – The Naira on Thursday appreciated against the dollar at the Investors and Exporters window, after a two-day decrease, exchanging at N426.20. The figure represented an increase of 0.88 per cent compared with the N430 it exchanged for the dollar on Wednesday. The open indicative rate closed at N428.10 to the dollar on […]
(AFRICAN EXAMINER) – African Development Fund has approved a $4.3 million grant to fund capacity building within Ethiopia’s finance ministry and related government departments. The grant is to enable Ethiopia tackle declining growth and other economic challenges. The country’s Ministry of Finance will implement the project. The project will support capacity strengthening of the Government […]
(AFRICAN EXAMINER) – The Secretariat for the Common Market for Eastern and Southern Africa (COMESA) and the African Development Bank (AfDB) have launched phase one of the Africa Cloud Ecosystem Project. The regional cloud ecosystem project will be financed with a $550,000 grant from the NEPAD Infrastructure Project Preparation Facility Special Fund (NEPAD-IPPF) to support […]
(AFRICAN EXAMINER) – African Development Fund (ADF), the concessional window of the African Development Bank (AfDB) Group, has approved a grant of $2 million to boost food production in Sierra Leone. The programme falls under the AfDB’s $1.5 billion African Emergency Food Production Facility, a response to the global food crisis that resulted from the […]
(AFRICAN EXAMINER) – African Development Bank (AfDB) has expressed its justification for prioritizing climate financing in its development intervention programmes in Africa. The Bank said the premium it places on climate finance, strengthened its commitment to double its climate finance from $12.5 billion in the 2016-2020 period to $25 billion between 2020-2025 and to allocate […]
(AFRICAN EXAMINER) – A leading Pan-African financial services provider, Afreximbank has been unveiled as the official partner of this year’s African Energy Week (AEW) holding from October 18 to 21 in Cape Town, South Africa. The AEW is Africa’s premier energy conference, exhibition and networking event organized annually by African Energy Chamber (AEC). The AEW […]
(AFRICAN EXAMINER) – Access Bank Plc, a Nigerian multinational commercial bank has been conferred the Management System Certificate in accordance with the management system requirements in ISO 37301:2021 standard. This feat sees the financial institution become the first bank to achieve certification against this standard and it is in recognition of its exemplary commitment to […]
(AFRICAN EXAMINER) – Zenith Bank Plc has been ranked as the Number One Bank in Nigeria by Tier-1 Capital in the 2022 Top 1000 World Banks Ranking published by The Banker Magazine. For the thirteenth consecutive year, the Bank retained its position as the number one Tier-1 bank in Nigeria with a Tier-1 Capital of […]
(AFRICAN EXAMINER) – African Development Bank (AfDB) Group has approved a Risk Participation Agreement of $50 million with Crédit Agricole Corporate and Investment Bank (CIB) to stimulate intra-African trade. CIB is the Corporate and Investment Banking arm of Crédit Agricole Group, the world’s 10th-largest bank by balance sheet size in 2021 (The Banker, July 2022). […]
(AFRICAN EXAMINER) – African Development Bank Group has approved a grant of $3.5 million from the African Development Fund’s Transition Support Facility as additional financing for a rice value chain transformation project in Gambia. The Rice Value Chain Transformation Programme was started in December 2018, with total grant financing of $7 million from the African […]
(AFRICAN EXAMINER) – The European Union (EU) Delegation to Nigeria and ECOWAS said on Friday that, it would replace the gas from Russia with Nigeria Gas due to the invasion in Ukraine. The Deputy Director-General Department for (Energy), European Commission in Brussels, Mr Matthew Baldwin, said this at a news conference on Friday in Abuja. […]
(AFRICAN EXAMINER) – African Development Fund (ADF), the concessional arm of the African Development Bank (AfDB) Group, has approved a grant of around $25.65 million to help Zimbabwe enhance domestic food production and supply. The funds were drawn from the Transition Support Facility (TSF), although the Board of Directors of the Bank Group provided a […]
(AFRICAN EXAMINER) – African Development Bank Group President, Dr. Akinwumi Adesina has applauded Africa50 for its crucial role in helping to bridge Africa’s infrastructure financing gap. Dr. Adesina gave the commendation while speaking at the opening session of Africa50’s General Shareholders Meeting in Marrakech on Tuesday. The meeting took place on the eve of a […]
(AFRICAN EXAMINER) – The Minister for State Petroleum, Timipre Sylva, says that the Nigerian National Petroleum Company Ltd will establish a world-class structure that will enable it to become a game changer and make it take decisions quickly. African Examiner recalls that President Muhammadu Buhari had on Tuesday unveiled a new independent national company with […]
(AFRICAN EXAMINER) – African Development Bank (AfDB) Group has approved a $1.4 million technical assistance grant to Export Trading Group (ETG) for the funding of women-owned businesses in three countries in Sub-Saharan Africa. ETG is one of the largest and fastest-growing integrated agricultural supply chain managers and processors in Sub-Saharan Africa. The project will enable […]
(AFRICAN EXAMINER) – Access Bank Plc, a Nigerian multinational commercial bank has reaffirmed its commitment to ensure that the Nigerian child is given a better future. Group Managing Director of Access Corporation, Herbert Wigwe gave the assurance while speaking shortly after the Bank raised $1.7 million at its Charity Polo Tournament held at The Guards […]
(AFRICAN EXAMINER) – African Development Bank (AfDB) Acting Vice President for Regional Development, Integration, and Business Delivery, Yacine Fal has said the Bank’s efforts towards boosting regional connectively is aimed at putting Africa on the path to economic recovery. Fal noted that the position of the AfDB on strengthening connectivity across the continent is premised […]
(AFRICAN EXAMINER) – President Muhammadu Buhari has congratulated Abdul Samad Rabiu, Chairman of BUA Group, on his reappointment as President of the France-Nigeria Business Council by French the President, Emmanuel Macron. According to a statement issued and issued by Senior Special Assistant to the President on Media and Publicity, Mallam Garba Shehu, Buhari commended Rabiu […]
(AFRICAN EXAMINER) – The Naira on Wednesday lost to the green back at the Investors and Exporters window, exchanging at 424.88 to the dollar against 421.00 traded on Tuesday, a 0.80 per cent depreciation. The open indicative rate closed at N421.80 to the dollar on Wednesday. An exchange rate of N444.00 to the dollar was […]
(AFRICAN EXAMINER) – Dangote Industries Limited (DIL) at the weekend opened an application list to raise up to N300 billion in medium-term debt funding from the Nigerian capital market. The money is to finance the Dangote Petroleum Refinery being built in Lagos and due for completion in the first quarter of next year. The firm, […]
