(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 […]
(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 […]
(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 […]
(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 […]
(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 […]
(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% […]
(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 […]
(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 […]
(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 […]
(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, […]
(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 […]
(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 […]
(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 […]
(AFRICAN EXAMINER) – Oil marketers have cried out about the negative impacts of unstable prices of Premium Motor Spirit or petrol in the country on their businesses. President of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), Billy Gilly-Harris raised concern during Channels Television’s Business Morning on Tuesday. According to him, fluctuating petrol […]
(AFRICAN EXAMINER) – Following a motion of urgent public importance, the House of Representatives has passed a resolution calling for the suspension of the increase in Automated Teller Machine (ATM) transaction charges and the stoppage of free ATM withdrawals for customers from other banks in Nigeria. The motion moved by a member, Marcus Onobun, drew […]
(AFRICAN EXAMINER) – The Economic Community of West African States (ECOWAS) has reaffirmed its commitment to empowering Micro, Small, and Medium-sized Enterprises (MSMEs) as key drivers of regional economic growth and development. ECOWAS Commissioner for Economic Affairs and Agriculture, Mrs Massandjé Toure-Litse, stated this during a meeting of the ECOWAS Small-Scale Business Coalition (ESBC) in […]
(AFRICAN EXAMINER) – Petrol imports surged by 105.3%, hitting ₦15.42 trillion in 2024. The latest data by the National Bureau of Statistics (NBS) on the foreign trade statistics, revealed that the increase was from N7.51trn recorded in 2023. The development comes despite current increasing domestic refining capacity, and the ongoing rehabilitation of state-owned refineries. In […]
(AFRICAN EXAMINER) – As the world celebrates International Women’s Day 2025, Africa’s Global Bank, United Bank for Africa (UBA) continues to reinforce its unwavering commitment to gender diversity, equality, and empowerment. This year’s IWD global theme, “Accelerate Action”, aligns perfectly with UBA’s drive to champion inclusion and create meaningful opportunities for women in the workplace. […]
(AFRICAN EXAMINER) – The NNPC Gas Marketing Ltd. (NGML), and NIPCO Gas Ltd., have signed an agreement with Ssonic Petroleum Ltd. to supply natural gas to the company’s proposed Liquefied Natural Gas (LNG) plant in Lagos State. NGML, a subsidiary of the NNPC Ltd. and its Unincorporated Joint Venture (UJV) partner, NIPCO, executed the Gas […]
(AFRICAN EXAMINER) – Crude oil prices continue to slip as the naira maintains its stability against the dollar in the foreign exchange market. Oil prices fell about two per cent to a 12-week low this week amid reports that OPEC+ will proceed with a planned oil output increase in April. Brent futures fell $1.19, or […]
