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Namibia Receives $170m Loan From Germany In Supporting Economic Growth

(AFRICAN EXAMINER) – Namibia and Germany signed a Financial Cooperation Agreement that would see the latter providing about 170 million U.S. dollars in a loan on favorable terms to support economic development in Namibia. This is disclosed in a joint statement by the two governments on Friday. According to the statement, the loans will be […]

Naira Appreciates Against Dollar, Exchanges At 420.12

(AFRICAN EXAMINER) – The Naira on Friday appreciated at the Investors and Exporters window, exchanging at N420.12 to the dollar, a 0.01 appreciation against N420.17 traded on Thursday. The open indicative rate closed at N419.79 to the dollar on Friday. An exchange rate of N444.00 to the dollar was the highest rate recorded within the […]

Commonwealth Business Forum Kicks Off In Kigali

(AFRICAN EXAMINER) – The year’s edition of Commonwealth Business Forum (CBF) which is part of the 26th Commonwealth Heads of Government Meeting (CHOGM), kicks off today in Kigali, Rwanda. The 2022 CBF will be the first and largest in-person gathering for Governments and Business across the Commonwealth since the start of the COVID-19 pandemic. This […]

AfDB, Caribbean Development Bank Sign New Strategic Partnership Deal

(AFRICAN EXAMINER) – African Development Bank (AfDB) and the Caribbean Development Bank (CDB) have signed a Memorandum of Understanding (MoU) to further strengthened their collaboration. The MoU formalizes the platform for the two multilateral development institutions to join forces to promote trade between Africa and the Caribbean. The new strategic partnership agreement will also enable […]

Naira Gains Marginally, Exchanges At 420 To Dollar

(AFRICAN EXAMINER) – The Naira on Wednesday appreciated at the Investors and Exporters window, exchanging at 420 to the dollar, a 0.18 per cent appreciation against N420.75 on Tuesday. The open indicative rate closed at N419.46 to the dollar on Wednesday. An exchange rate of N444.00 to the dollar was the highest rate recorded within […]

Africa Fertilizer Financing Mechanism Supports Small Holder Farmers In Ghana With $2m Credit

(AFRICAN EXAMINER) – The Africa Fertilizer Financing Mechanism (AFFM), a subsidiary of the African Development Bank (AfDB), has approved a $2 million partial trade credit guarantee to support fertilizer delivery to 200,000 Ghanaian smallholder farmers. The facility which is extended to ETG Inputs Ghana Limited to support delivery of fertilizer to 200,000 smallholder farmers in […]

Paris Saint-Germain, Soklin Enter Pact To Gain More Ground In West Africa

(AFRICAN EXAMINER) – Paris Saint-Germain (PSG), a topflight French football club based in Paris has unveiled its partnership with SoKlin, a leading premium detergent in West Africa. The exclusive 3-year regional partnership which will extend to 2025, covers the West African countries of Nigeria, Ghana, Senegal, Ivory Coast, and Mali. SoKlin, a flagship Laundry Care […]

Naira Depreciates Again, Exchanges At N419.75 To The Dollar

(AFRICAN EXAMINER) – The Naira depreciated against the dollar at the Investors and Exporters window on Friday as it exchanged at N419.75 to the dollar, a 0.06 per cent depreciation, compared to N419.50 to the dollar on Thursday. The open indicative rate closed at N419.70 to the dollar. An exchange rate of N444.00 to the […]

Bank Customers To Produce Indemnity For Online Transfers Above N1m – CBN

(AFRICAN EXAMINER) – The Central Bank of Nigeria has ordered banks and Payment Service Providers to accept indemnity from customers for highly secured online funds transfers. It stated this in a circular signed by the Director, Payments System Management Department, Musa Jimoh, with the reference number: PSM/DIR/PUB/CIR/01/006, titled ‘Circular on the review of operations of […]

Dangote Refinery To Expose Nigeria’s Downstream, Midstream Sectors to Int’l Markets

(AFRICAN EXAMINER) – The coming on stream of the 650,000 barrels-per-day Dangote Petroleum Refinery will guarantee availability of high quality environmentally compliant products in Nigeria, regional markets in West Africa, Southern Africa and inter-continental markets. The President/CE of Dangote Group, Aliko Dangote made this disclosure on Tuesday at the Nigerian Content Midstream – Downstream Oil […]

UBA Rewards Loyalty As Customers win N16.6m in Super Savers Promo

(AFRICAN EXAMINER) – Africa’s Global Bank, the United Bank for Africa (UBA) Plc, has rewarded its loyal customers in the just concluded UBA Super Savers draw, giving out a total of N16.6m in cash prizes. The computerised draw held at the Tony Elumelu Amphitheatre at the UBA Head Office on Friday, was witnessed by members […]

After 2 Days Of Gains, Naira Depreciates, Exchanges At 418.88 To Dollar

(AFRICAN EXAMINER) – After appreciating for two days, the Naira on Thursday dipped against the green back by 0. 21 per cent at the Investors and Exporters window. The local currency exchanged at 418.88 to the dollar, compared to 418 traded on Wednesday. The open indicative rate closed at N419 to the dollar on Thursday. […]

Canon Reassures Customers On Innovation In Digital Printing Technology

(AFRICAN EXAMINER) – Canon Central and North Africa (CCNA), the leading provider of imaging technologies and services has reaffirmed its commitment to drive innovation in the digital printing technology industry. CCNA, a division within Canon Middle East FZ LLC (CME), a subsidiary of Canon Europe said it is participating at this year’s edition of the […]

AfDB, Swedfund Partner To Boost Power Transmission Line Projects In Africa

(AFRICAN EXAMINER) – African Development Bank (AfDB) and Swedfund International AB (Swedfund), have jointly signed an agreement to enhance private sector participation in independent power transmission line projects in Africa. Swedfund is Sweden’s development finance institution with the mission to contribute to poverty reduction through sustainable investments in developing countries. The Project Accelerator is a […]

CBN Debunks Rumour Over Sack Of Bank’s Governor, Emefiele

(AFRICAN EXAMINER) – The CBN says online media reports purporting the sacking of the bank’s governor, Mr Godwin Emefiele, is untrue. Head of Corporate Communications at the CBN, Osita Nwanisiobi, made the rebuttal on Wednesday in Abuja . Emefiele is currently out of the country on official assignment. African Examiner reports that Emefiele has been […]

CBN To Phase Out Naira Notes – Official

(AFRICAN EXAMINER) – The Central Bank of Nigeria has Stated that paper currency will soon be out of circulation tasking market men and women to key into the e-Naira. The Delta State Branch Controller of CBN, Mr Godwin Okafor, disclosed this on Friday at the popular Ogbogonogo market in a market sensitisation on e-Naira. Okafor […]

Naira Dips By 0.18%, Exchanges At 419.25 To Dollar

(AFRICAN EXAMINER) – The Naira, on Wednesday, exchanged at 419.25 to the dollar at the Investors and Exporters window, compared to 418.50 traded on Tuesday, representing 0.18 per cent depreciation. The open indicative rate closed at N418.00 to the dollar on Wedneday. An exchange rate of N444.00 to the dollar was the highest rate recorded […]

Buhari To Unveil New NNPC Ltd July 18 – Kyari

(AFRICAN EXAMINER) – The new Nigerian National Petroleum Company Ltd (NNPC Ltd.) will be unveiled by President Muhammadu Buhari on July 18, 2022. The Chief Executive Officer of the company, Malam Mele Kyari, said this on Tuesday while receiving the CEO of the Year 2021 Award of the Leadership Newspapers Group in Abuja. The Leadership […]

Dangote Cement Best Performing Stock – Nigerian Exchange

(AFRICAN EXAMINER) – Africa’s largest Cement manufacturer, Dangote Cement Plc Dangote Cement Plc has emerged the Best Performing Stock of the Year 2021 by the Nigeria Exchange Group (NGX). Dangote Cement pride as the most capitalized company on the Nigeria Stock Exchange was named the best stock ahead of BUA Cement Plc and CAP Plc, during the 2022 Nigerian Investor […]

Dollar Hits N600 At Parallel Market, Forex Supply Shrinks

(AFRICAN EXAMINER) – The dollar exchanged at N600 on Monday at the parallel market, heightening fears of a further devaluation of the nation’s currency. The rate at the Importers and Exporters Window was, however, N415.75 on Monday, widening the exchange rate spread to N184.25. At Zone 4 in Abuja, which is the hub of the […]

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