Posted by African Examiner
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Thursday, March 27th, 2025
(AFRICAN EXAMINER) – Oil marketers under the aegis of the Petroleum Products Retail Outlets Owners Association Nigeria has commended the Federal Government and the management of the Nigerian National Petroleum Company Limited for reportedly running the revamped Port Harcourt refinery for 180 days non-stop. A statement by its Publicity Secretary, Joseph Obele, PETROAN commended Tecnimont Nigeria […]
Posted by African Examiner
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Thursday, March 27th, 2025
(AFRICAN EXAMINER) – Zenith Bank Plc has announced its audited financial results for the year ended December 31, 2024, delivering significant growth across key performance indicators. The Bank’s performance reflects effective management and pricing of its risk assets, as well as an optimized treasury portfolio, reinforcing its position as a leader in Nigeria’s banking industry. […]
Posted by African Examiner
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Wednesday, March 26th, 2025
(AFRICAN EXAMINER) – The Naira on Wednesday appreciated to N1,575 per dollar in the parallel market from N1,585 per dollar on Monday. However, the Naira depreciated to N1,535 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by the Central Bank of Nigeria (CBN) showed that the indicative exchange rate for the naira […]
Posted by African Examiner
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Monday, March 24th, 2025
(AFRICAN EXAMINER) – Kenya Finance Minister John Mbadi on Monday said Kenya has applied for a new lending programme from the International Monetary Fund (IMF). Mbadi said the programme will factor in unused money from the current programme, which both sides walked away from last week. The East African nation and the IMF earlier agreed […]
Posted by Babatunde Okeowo
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Monday, March 24th, 2025
…Solid core earnings drive growth in profitability and returns. (AFRICAN EXAMINER) – Africa’s Global Bank, United Bank for Africa (UBA) Plc, has released its audited financial results for the full year ended December 31, 2024, with all its major indicators witnessing significant improvement. The 2024 financials, filed with the Nigerian Exchange Limited (NGx) on Monday, […]
Posted by African Examiner
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Monday, March 24th, 2025
(AFRICAN EXAMINER) – The Managing Director of Financial Derivatives Company Limited, Bismarck Rewane, said the concession of Nigeria’s major roads in deplorable condition would ultimately reduce inflation, increase productivity, and strengthen the nation’s wobbling currency, the Naira. Rewane is a member of the Highway Development and Management Initiative (HDMI), an initiative of the Federal Government […]
Posted by Babatunde Okeowo
Business News, Featured, Latest Headlines
Sunday, March 23rd, 2025
(AFRICAN EXAMINER) – The Tony Elumelu Foundation (TEF) has announced a $15 million grant to support 3,000 budding entrepreneurs from 52 African countries. TEF Founder, Mr Tony Elumelu, made this known in Abuja during the unveiling of the 2025 cohort of the foundation’s Entrepreneurship Programme. He said that each beneficiary would receive a $5,000 seed […]
Posted by African Examiner
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Thursday, March 20th, 2025
(AFRICAN EXAMINER) – The Bank of Industry (BOI) has launched a special intervention programme, Project Guaranteed Loans for Women (GLOW), valued at ₦10 billion, to support female entrepreneurs across Nigeria. The bank’s Managing Director, Dr. Olasupo Olusi, announced the initiative on Thursday in Lagos, emphasising that the funding is designed to empower women who are […]
Posted by African Examiner
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Thursday, March 20th, 2025
(AFRICAN EXAMINER) – The naira appreciated by 0.16 per cent to 1530.52/$ from 1532.93/$ in the previous trading session on the Nigerian Foreign Exchange Market at the close of trading on Wednesday. Data from the Central Bank of Nigeria revealed that the naira traded as high as 1545/$ and the lowest rate of 1500/$, which […]
Posted by African Examiner
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Wednesday, March 19th, 2025
(AFRICAN EXAMINER) – The Nigerian National Petroleum Company Limited (NNPC Ltd.) has refuted reports of an explosion at the Port Harcourt Refining Company (PHRC) in Rivers. The company, in a statement issued in Abuja on Wednesday by its Chief Corporate Communications Officer, Olufemi Soneye, clarified that what occurred was a flare incident, which has since […]
Posted by African Examiner
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Wednesday, March 19th, 2025
(AFRICAN EXAMINER) – The Central Bank of Nigeria has projected a gradual drop in inflation rate over the next six months. This is contained in its newly released report on inflation expectations for February 2025. According to the report, businesses and household respondents expect the level of inflation to gradually reduce over the next six […]
Posted by African Examiner
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Tuesday, March 18th, 2025
(AFRICAN EXAMINER) – Africa’s Global Bank, United Bank for Africa (UBA) Plc has launched the Afrigo Card, a revolutionary domestic card scheme aimed at transforming the Nigerian payments landscape. The Afrigo Card, introduced by the Central Bank of Nigeria (CBN) in collaboration with the Nigeria Inter-Bank Settlement System (NIBSS), offers a robust alternative to international […]
Posted by African Examiner
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Tuesday, March 18th, 2025
(AFRICAN EXAMINER) – Gold hit another record high above $3,000 on Tuesday, with investors seeking the metal as a haven from risk as conflict flared in the Middle East and U.S. President Donald Trump pressed on with tariff plans. Spot gold hit a peak of $3,028.24 in early trade, and by 0927 was up 0.7% […]
Posted by African Examiner
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Monday, March 17th, 2025
(AFRICAN EXAMINER) – Nigeria and Brazil, on Monday signed the commercial phase of the 1.1 billion dollars Green Imperative Project (GIP) to boost agriculture productivity and enhance private-sector investment in Nigeria. Reports say that GIP is the largest agricultural project in Africa which priotises the development of sustainable, low-carbon agriculture. It aims to develop structural […]
Posted by African Examiner
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Monday, March 17th, 2025
(AFRICAN EXAMINER) – Africa’s foremost Industrialist and President of the Dangote Industries Limited, Aliko Dangote, has disclosed his plan to build in Ogun State, a multi-billion-dollar Seaport, which will be the largest in Nigeria. He also said two new lines with a capacity of 6.0 million metric tons per annum, (Mta), for the cement plant […]
Posted by African Examiner
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Monday, March 17th, 2025
(AFRICAN EXAMINER) – Nigeria’s headline inflation rate dropped to 23.18% relative to the January 2025 headline inflation rate of 24.48%. This was disclosed by the Nigeria Bureau of Statistics (NBS) in its February 2025 consumer price index (CPI) on Monday. According to NBS, the headline inflation rate showed a decrease of 1.30% compared to the […]
Posted by African Examiner
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Sunday, March 16th, 2025
(AFRICAN EXAMINER) – The Tony Elumelu Foundation (TEF), Africa’s leading philanthropy empowering entrepreneurs is set to announce the 11th cohort of the TEF Entrepreneurship Programme on Saturday, March 22, 2025. The 2025 announcement comes at a critical time, as Africa’s entrepreneurship ecosystem faces funding constraints and global economic headwinds. TEF continues to provide much-needed support, […]
Posted by African Examiner
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Thursday, March 13th, 2025
(AFRICAN EXAMINER) – As part of activities to mark the 2025 International Women’s Month, Africa’s Global Bank, United Bank for Africa (UBA) Plc held the quarterly edition of its Business Series event where trailblazing female leaders from diverse industries shared personal insights on overcoming systemic challenges, driving change, and redefining success. The hybrid event which […]
Posted by African Examiner
Business News, Featured, Latest Headlines
Wednesday, March 12th, 2025
(AFRICAN EXAMINER) – Africa’s Global Bank, United Bank for Africa (UBA) Plc, is set to host its inaugural Business Series for the year to commemorate the International Women’s Day 2025. With the theme, “Against All Odds: The Impact of Women,” this edition of the UBA business series will highlight the remarkable journeys of women who […]
Posted by Nwa Diokpa
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Wednesday, March 12th, 2025
(AFRICAN EXAMINER) – The Nigerian National Petroleum Company Limited (NNPC Ltd.) has appealed to global investors to focus on Nigeria’s oil and gas sector, highlighting the government’s robust regulatory reforms and investment-friendly policies. The Executive Vice-President, Upstream, Mr Udy Ntia, made this appeal during a session with investors at the 2025 CERAWeek by S&P Global […]
