Posted by Eric Ojo
African News, Business News, Latest Headlines
Saturday, March 19th, 2022
(AFRICAN EXAMINER) – The Africa Investment Forum, a multi-stakeholder investment platform has attracted $32.8 billion in investment interest in bankable projects across the continent. The Forum is an initiative of the African Development Bank Group and seven other partners, which include Africa 50; the Africa Finance Corporation; the African Export-Import Bank; the Development Bank of […]
Posted by Eric Ojo
African News, Business News, Latest Headlines, News Around Africa
Thursday, March 17th, 2022
(AFRICAN EXAMINER) – Spark+ Africa Fund, a frontline impact investment institution has announced that it has accomplished its first financial close with $40 million to invest in clean and modern cooking solutions in Africa. Spark+ Africa Fund is the world’s first impact investment fund focused on financing the value chains of clean and modern cooking […]
Posted by Nwa Diokpa
Energy, Latest Headlines
Monday, March 14th, 2022
(AFRICAN EXAMINER) – The national grid has experienced another collapse in 2022 which led to blackout across the country. The states affected are Lagos, Enugu, Kaduna, Abia, Anambra, Ebonyi, Enugu, and Imo States, among others. Confirming this in a text message to its customers, The Eko Electricity Distribution Company, stated that the system collapse happened […]
Posted by African Examiner
Business News, Latest Headlines
Friday, March 11th, 2022
The African Development Bank (AfDB) and Nordic Development Fund (NDF) have made a combined-equity investments amounting to over $30 million in the AfricaGoGreen Fund. AfricaGoGreen Fund is a debt fund established to promote private investments in energy-efficient technologies and business models, with the objective of decarbonising African economies and accelerating the energy transition. Launched in […]
Posted by Eric Ojo
Business News, Latest Headlines
Thursday, March 10th, 2022
(AFRICAN EXAMINER) – President of African Development Bank (AfDB), Dr. Akinwumi Adesina has explained how the Bank has been investing in youth training and employment, as well as infrastructure for Africa’s socio-economic development through its ‘High 5’ Strategic Priorities. AfDB president made the observation at the inauguration ceremony of the new state of the art […]
Posted by African Examiner
Business News, Latest Headlines
Sunday, March 6th, 2022
(AFRICAN EXAMINER) – African Examiner – Africa’s Global Bank, United Bank for Africa (UBA) Plc, has announced its audited results for the full year ended December 31, 2021, reporting impressive performance in key financial metrics. The 2021 financial result filed by the bank at the Nigerian Stock Exchange (NSE) on March 4, 2022, showed that […]
Posted by African Examiner
Business News, Latest Headlines
Saturday, March 5th, 2022
(AFRICAN EXAMINER) – The Nigerian National Petroleum Company (NNPC) Ltd. has expressed satisfaction with the level of compliance by petroleum products depots with the directive to extend hours of operation, to end the lingering petrol scarcity. Mr Isiyaku Abdullahi, Managing Director, Pipelines Products Marketing Company Ltd.(PPMC), made this known during a monitoring visit to some […]
Posted by African Examiner
Business News, Latest Headlines
Friday, March 4th, 2022
(AFRICAN EXAMINER) – The Minister of State, Petroleum Resources, Chief Timipre Sylva, says the Federal Government and regulatory authorities are making efforts to address fuel scarcity by ensuring that supply disruption is overcome. The minister made this known to newsmen on Thursday in Abuja after a meeting with some key leaders in the petroleum industry. […]
Posted by Eric Ojo
Business News, Latest Headlines
Thursday, March 3rd, 2022
(AFRICAN EXAMINER) – African Development Bank (AfDB) has signed a grant agreement for an amount of $400,000 with the Dépositaire Central/Banque de Règlement of the West African Monetary Union (WAMU) to modernize the regional financial market infrastructure. The grant, according to a statement by the Communication and External Relations Department of AfDB, will fund the […]
Posted by African Examiner
African News, Business News, Latest Headlines
Saturday, February 26th, 2022
(AFRICAN EXAMINER) – The African Development Bank (AfDB) and Africa50, in partnership with the African Union Commission and the African Union Development Agency (AUDA-NEPAD), are currently exploring collaboration with global partners to create an Alliance for Green Infrastructure in Africa. The initiative which is being promoted with global partners is aimed at catalyzing bankable, greener […]
Posted by African Examiner
Business News, Latest Headlines
Monday, February 21st, 2022
(AFRICAN EXAMINER) – The Nigerian National Petroleum Company (NNPC) Limited started its week with an assurance to Nigerians that the distribution of Premium Motor Spirit (PMS) would soon normalise after it recalled the bad product imported into the country last week. The NNPC Group Executive Director (GED) Downstream, Adetunji Adeyemi, gave the assurance at a […]
Posted by African Examiner
African News, Business News, Latest Headlines
Monday, February 21st, 2022
(AFRICAN EXAMINER) – African Development Bank (AfDB) has approved the sum of $164 million under the Leveraging Energy Access Finance Framework (LEAF), to promote decentralized renewable energy in six African countries. The $800 million programme will help spur commercial and local currency investments to scale up the activities of decentralized renewable energy companies in Ghana, […]
Posted by Eric Ojo
Business News, Latest Headlines
Friday, February 18th, 2022
(AFRICAN EXAMINER) – Nigeria’s Minister of Mines and Steel Development, Olamilekan Adegbite has commended the Solid Mineral Development Fund (SMDF) for its commitment towards the implementation of its mandate. SMDF’s cardinal mandate is to act as a catalyst to spur development of Nigeria’s mining sector by undertaking targeted sustainable, profit-oriented investments and interventions in key […]
Posted by Eric Ojo
African News, Business News, Latest Headlines
Friday, February 18th, 2022
(AFRICAN EXAMINER) – Driven by its resolve to build a stronger and more resilient health systems in Africa, the European Investment (EIB), has promised to support the sector with € 500 million. The EIB is the long-term lending institution of the European Union (EU) owned by its Member States. It makes long-term finance available for […]
Posted by African Examiner
Business News, Latest Headlines
Tuesday, February 15th, 2022
(AFRICAN EXAMINER) – The Nigerian National Petroleum Corporation Limited says it is distributing one billion litres of safe Premium Motor Spirit, known as petrol, in its stock to various fuel stations nationwide. The NNPC also noted that 2.3 billion litres of PMS would arrive in Nigeria between now and February ending to address the current […]
Posted by Nwa Diokpa
Business News, Featured, Latest Headlines
Thursday, February 10th, 2022
(AFRICAN EXAMINER) – The Nigerian National Petroleum Company (NNPC) has disclosed the names of the companies that brought adulterated Premium Motor Spirit (PMS) into the country. The Group Managing Director/Chief Executive Officer, Mele Kyari, spoke with reporters Wednesday night in Abuja. According to available information, the contaminated petrol damaged vehicles of an unknown number of […]
Posted by Nwa Diokpa
Business News, Latest Headlines
Saturday, February 5th, 2022
(AFRICAN EXAMINER) – The World Bank has stated that if the necessary action is not taken, the average inflation rate would not reach the single-digit as projected by the CBN. According to the World Bank, the Federal Government of Nigeria did not take any concise effort in 2021 towards curbing the rising inflation and an […]
Posted by African Examiner
Business News, Latest Headlines
Thursday, February 3rd, 2022
(AFRICAN EXAMINER) – The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has joined the Managing Director of Fidelity Bank Plc, Mrs. Nneka Onyeali-Ikpe and a host of dignitaries including two state governors to commission a 400 metric tons per day mega rice mill in Kano state constructed by Gerawa Group of […]
Posted by African Examiner
Aviation, Latest Headlines
Thursday, February 3rd, 2022
(AFRICAN EXAMINER) – Nigeria’s four major aviation unions on Wednesday vowed to ground activities in the sector from Tuesday, February 8, 2022, over the failure of the Federal Government to release the negotiated conditions of service of aviation agencies since 2013 and the non-implementation of the National Minimum Wage/consequential adjustment since 2019. In a notice […]
Posted by African Examiner
Business News, Latest Headlines
Monday, January 31st, 2022
(AFRICAN EXAMINER) – In apparent reflection of the improved liquidity in the interbank money market, banks’ borrowing from the Central Bank of Nigeria, CBN, fell by 46 per cent, month-on-month, MoM, to N1.3 trillion in January. On the other hand banks increased deposit of idle funds with the CBN by 29 per cent, MoM, to […]
