Posted by African Examiner
Energy, Latest Headlines, News Across Nigeria
Saturday, April 9th, 2022
(AFRICAN EXAMINER) – Electricity distribution companies has announced another breakdown, making it the fifth time this year in the country . The Kaduna Electricity Distribution Company said, “Dear Esteemed Customers, the management of Kaduna electric regrets to inform you that the current outage being experienced in our franchise states is due to a collapse of […]
Posted by Eric Ojo
African News, Business News
Saturday, April 9th, 2022
(AFRICAN EXAMINER) – African Development Fund (ADF) has approved a $5.5 million technical assistance grant to kick-start the roll-out of the flagship Desert to Power initiative in the Eastern Sahel region countries of Djibouti, Eritrea, Ethiopia and Sudan. Known as the East Africa Regional Energy Project, it will be financed through the ADF-15 Regional Public […]
Posted by African Examiner
Business News, Latest Headlines
Friday, April 8th, 2022
(AFRICAN EXAMINER) – United Bank for Africa Plc (UBA) on Thursday assured shareholders and investors of its unwavering commitment to sustain its current growth trajectory. The Group Chairman, Tony Elumelu, gave the assurance at the 60th Annual General Meeting of UBA at the Transcorp Hilton Hotel, Abuja, monitored virtually in Lagos. He said that its […]
Posted by African Examiner
Business News, Latest Headlines
Friday, April 8th, 2022
(AFRICAN EXAMINER) – The exchange rate at the Investors and Exporters window closed at N416.67/$1 on Thursday, representing a 0.04% depreciation compared to N416. 50/$1 recorded on Wednesday. The open indicative rate also closed at N415.81/$1 on Thursday,. An exchange rate of N444/$1 was the highest rate recorded within the day trading before it settled […]
Posted by African Examiner
Business News, Latest Headlines
Wednesday, April 6th, 2022
(AFRICAN EXAMINER) – International Monetary Fund (IMF) has cautioned against the risks involved in the use of Crypto assets, saying that they can be misused for money laundering, terrorist financing, and other illegal activities. Crypto assets are privately issued digital tokens that use cryptographic techniques. Bitcoin is perhaps the most famous example. IMF Deputy Managing […]
Posted by African Examiner
Business News, Featured, Latest Headlines
Tuesday, April 5th, 2022
(AFRICAN EXAMINER) – One of the investors in the popular crashed Ponzi scheme, Chinmark Group, who is identified simply as Nuella is dead days after she allegedly attempted suicide. It could be recalled that almost 4,500 aggrieved investors have berated the Chief Executive Officer and Chairman of Chinmark Group, Marksman Ijiomah, concerning unpaid funds invested […]
Posted by African Examiner
Business News, Featured, Latest Headlines
Tuesday, April 5th, 2022
(AFRICAN EXAMINER) – The Central Bank of Nigeria(CBN) through its Financial Services Regulation Coordinating Committee (FSRCC) has advised Nigerians to stop dealing with unlicensed or illegal financial operators in the country. The CBN through FSRCC, gave the advice in a statement posted on its website on Monday. It said that the illegal financial operators lure […]
Posted by Eric Ojo
Business News, Latest Headlines
Monday, April 4th, 2022
(AFRICAN EXAMNER) – African Development Fund, the concessional window of the African Development Bank Group, has approved $21.6 million in grants for the third phase of the National Road Network Rehabilitation Programme in the Union of Comoros. The grants comprise $14.1 million from the African Development Fund and $7.5 million from the Transition Support Facility, […]
Posted by Eric Ojo
Business News, Latest Headlines
Saturday, April 2nd, 2022
(AFRICAN EXAMINER) – Access Bank, a Nigerian multinational commercial bank has reaffirmed its commitment to support women and contribute to the growth of the women-led businesses in Nigeria. The need to increase the opportunities for women-led businesses to access new markets, increase profit and expand their businesses has remained an important focus for Access Bank […]
Posted by Ignatius Okpara
Business News, Latest Headlines
Friday, April 1st, 2022
(AFRICAN EXAMINER) – President of Enugu Chamber of Commerce, Industry, Mines and Agriculture, ECCIMA, Barrister Jasper Nduagwuike, has lamented over the poor state of infrastructure at the permanent site of Enugu International Trade Fair complex for over 37 years running. The ECCIMA boss who spoke during the official opening of the 33rd Enugu International Trade […]
Posted by African Examiner
Business News, Latest Headlines
Friday, April 1st, 2022
(AFRICAN EXAMINER) – The Regional Sales Director of Dangote Cement in Southeast, Mr Abayomi Shittu, says that the interest of the Dangote Group is to support the government(s) in job creation and the reduction of poverty in Nigeria. Shittu said this on Friday in Enugu during his opening speech at the Dangote Special Day at […]
Posted by African Examiner
Business News, Latest Headlines
Thursday, March 31st, 2022
(AFRICAN EXAMINER) – The World Bank has sanctioned SoftTech IT Solutions and Services Ltd., a Nigerian information technology solutions company, and its Managing Director, Mr Isah Kantigi, for alleged corrupt practices. The firm, which was involved in the National Social Safety Nets Project, was sanctioned for 50 months while the managing director was sanctioned for […]
Posted by Ignatius Okpara
IT & Telecoms, Latest Headlines, News Across Nigeria
Thursday, March 31st, 2022
(AFRICAN EXAMINER) – The Nigerian Communication Commission (NCC) has reiterated it’s commitment in protecting and empowering consumers irrespective of their class from unfair practices by service providers. It therefore, urged consumers to always explore its various complaint channels to register their dissatisfaction with Service providers for promt action by the federal government’s agency . Executive […]
Posted by Eric Ojo
Business News, Latest Headlines
Wednesday, March 30th, 2022
(AFRICAN EXAMINER) – President of African Development Bank (AfDB), Dr. Akinwumi Adesina has expressed the desire of the Bank to collaborate more with United Arab Emirates (UAE) and see the country become a significant investor in Africa. Dr. Adesina disclosed this in a statement announcing his arrival in Dubai today to kick-start his three-day official […]
Posted by African Examiner
Business News, Featured Contributors/Columnists, Latest Headlines
Tuesday, March 29th, 2022
(AFRICAN EXAMINER) – The Federal Competition and Consumer Protection Commission (FCCPC), says it has frozen no fewer than 30 bank accounts operated by illegal loan organisations. Mr Babatunde Irukera, the Executive Vice Chairman of the Commission, said this at a media engagement in Abuja on Tuesday. Irukera also said that the Commission had engaged Google […]
Posted by Eric Ojo
African News, Business News, Latest Headlines, News Around Africa
Saturday, March 26th, 2022
(AFRICAN EXAMINER) – European Investment Bank (EIB) has announced a new €10 million long-term financing initiative aimed at supporting entrepreneurs and businesses across Botswana with a leading local partner, Norsad Capital. The initiative represents the first targeted EIB support for private-sector financing to help Botswana companies impacted by COVID-19 and is part of the EIB’s […]
Posted by Eric Ojo
African News, Business News, Latest Headlines
Saturday, March 26th, 2022
(AFRICAN EXAMINER) – The African Development Bank (AfDB) and the Commission of the Economic Community of West African States (ECOWAS) have signed a Memorandum of Understanding (MoU) for $3.56 million in grant funding to support the development of pharmaceutical industries in West Africa. The agreement was signed by the representatives of AfDB and ECOWAS in […]
Posted by Eric Ojo
African News, Business News, Latest Headlines
Saturday, March 26th, 2022
(AFRICAN EXAMINER) – Youth and women are underrepresented in business coverage in Africa, according to newly launched The Business in Africa Narrative Report by Africa No Filter and AKAS in partnership with the African Union (AU). The report is the latest research project by narrative-change organisation Africa No Filter and forms part of their work […]
Posted by African Examiner
Business News, Latest Headlines
Friday, March 25th, 2022
(AFRICAN EXAMINER) – The Nigerian National Petroleum Company Ltd. (NNPC) says there is over 1.6 billion litres of Premium Motor Spirit (PMS) available for nationwide distribution. Malam Mele Kyari, NNPC Group Managing Director, made this known at the official unveiling of the Association of Distributors and Transporters of Petroleum Products (ADITOP) on Thursday in Abuja. […]
Posted by Eric Ojo
IT & Telecoms, Latest Headlines, South Africa, Southern Africa, Technology
Friday, March 25th, 2022
(AFRICAN EXAMINER) – Two frontline tech companies have entered into a new partnership with the aim of providing fleet technology solutions in South African markets at reasonable prices. The collaboration between integrated tech-services provider, TR Tech and disruptive full-stack fleet-tech startup, LocoNav will provide state-of-the-art GPS, IoT, and Vehicle Telematics solutions in South African. TR […]
