(AFRICAN EXAMINER) – The African Export-Import Bank (Afreximbank) (www.Afreximbank.com), in collaboration with the African Union Commission (AUC) and the African Continental Free Trade Area (AfCFTA) Secretariat, has released an impressive list of 71 sponsors of the third Intra-African Trade Fair (IATF2023), Africa’s premier trade and investment event, taking place in Cairo from 9 to 15 […]
(AFRICAN EXAMINER) – The Nigerian National Petroleum Company Limited (NNPC Ltd.) has provided insight into how the lingering conflict between Russia and Ukraine has impacted Nigerian crude oil inflows in the international oil market, leading to a dip in demand from the once-dependable Asian market at the onset of hostilities in the Eastern bloc. Maryamu […]
(AFRICAN EXAMINER) – The Central Bank of Nigeria (CBN) has again assured Nigerians of sufficient naira notes in the country, and warned against panic withdrawals. The apex bank, in a statement on Wednesday, reiterated that old and new naira notes remained legal tender. “For the avoidance of doubt, while reiterating that there are sufficient banknotes […]
(AFRICAN EXAMINER) – The NNPC/ Aiteo Joint venture has announced the introduction of Nembe Crude Oil Grade, a new crude oil grade into the international crude oil market. The announcement of the Nembe Crude Oil Blend, produced by Aiteo, the Operator of the NNPC/Aiteo Oil Mining Lease (OML) 29 Joint Venture (JV), was made at […]
(AFRICAN EXAMINER) – The Nigerian National Petroleum Company Limited (NNPCL) will continue to collaborate with the Nigeria Extractive Industries Transparency Initiative (NEITI) and all relevant stakeholders in the Reconciliation Committee set up by President Bola Tinubu to investigate, review and reconcile the financial records on alleged indebtedness to the Federation by both NNPC Limited and […]
(AFRICAN EXAMINER) – President Bola Tinubu says his administration is committed to providing the necessary support for Micro, Small, and Medium Enterprises (MSMEs) to unlock their full potential and ensure their long-term success. Tinubu, said this at the 2023 Edition of the Lagos International Trade Fair (LITF), organised by the Lagos Chamber of Commerce and […]
(AFRICAN EXAMINER) – Unity Bank Plc has recorded gross earnings of N38 billion for the nine-month period ended Sept. 30, 2023. The bank said this in its unaudited results released to the Nigerian Exchange Group (NGX) Ltd. in Lagos. The bank’s customer deposits appreciated by five per cent to N344.4 billion within the period, indicating […]
(AFRICAN EXAMINER) – The Central Bank of Nigeria (CBN), has assured Nigerians that there is adequate supply of Naira notes in the economy. The bank’s Director, Corporate Communications, Isa AbdulMumin, said this in a statement on Thursday in Abuja. The News Agency of Nigeria (NAN) reports that some bank customers in recent times have been […]
(AFRICAN EXAMINER) – Zenith Bank Plc has announced its unaudited results for the third quarter ended 30 September 2023, recording a remarkable triple-digit growth of 114% from N620.6 billion reported in Q3 2022 to N1.33 trillion in Q3 2023. This performance demonstrates the Group’s resilience and strong market share despite a very challenging macroeconomic environment. […]
(AFRICAN EXAMINER) – The Small and Medium Enterprise Development Agency of Nigeria (SMEDAN) says it will reward top MicroFinance Banks (MFBs) in loan recovery under the One Local Government One Product (OLOP) scheme. The Director-General of SMEDAN, Mr Charles Odii, said this during the Stakeholders Meeting/Signing of Memorandum of Agreement (MoA) on the implementation of […]
(AFRICAN EXAMINER) – The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), has inaugurated a Climate and Green Energy Desk (SCGED) to help Small and Medium Enterprises (SMEs) tackle climate change effects. The newly- appointed Director-General of SMEDAN, Mr Charles Odii, said this at inuaguration of the desk on Tuesday in Abuja. Odii said […]
(AFRICAN EXAMINER) – The Pan-African Conglomerate, Dangote Industries Limited has reiterated its commitment to sustainable environment in all the communities where its business units operate by prioritizing the use of natural and renewable resources. The Company said as a leading business organization, it was educating the Small and Medium Enterprises (SMEs) on driving positive change […]
(AFRICAN EXAMINER) – Nigeria is expecting a foreign exchange inflow of $10bn in the coming weeks, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said. He made the remark on Monday when he spoke during a panel session at the Nigeria Economic Summit (NES). “In addition, from the supply of […]
(AFRICAN EXAMINER) – The Chartered Institute of Bankers of Nigeria (CIBN) has called on banking professionals and leaders to chart a course that will leverage the vast potential inherent in Nigeria’s economy. The President/Chairman of Council, CIBN, Dr Ken Opara, made the call at the 2023 Fellowship Investiture of CIBN on Saturday in Lagos. Opara […]
President Bola Tinubu has stated that the removal of subsidy on petrol was necessary to stop Nigeria from collapsing. The African Examiner recalls that Tinubu on assumption into office in May during his inauguration speech stated that fuel subsidy “is gone” and this immediately triggered an increase in the petrol pump price which led to […]
(AFRICAN EXAMINER) – Sanusi Lamido Sanusi, the 14th Emir of Kano and former Governor of Central Bank of Nigeria (CBN), says reduced dependence on petrol will be the long-term solution to the petrol subsidy removal crisis. “In the short term, the most effective measure to offset the removal of fuel subsidies is cash transfers. “The […]
(AFRICAN EXAMINER) – A former Minister of Power, Prof. Barth Nnaji, has alleged that diesel suppliers and generator dealers are sabotaging efforts for Nigerians to enjoy regular power supply. Nnaji made this known while featuring in a radio programme, captioned: “The South East Political Roundtable” by Flo FM, Umuahia on Wednesday. Nnaji said that the […]
(AFRICAN EXAMINER) – The Management of NNPC Limited has announced the appointment of Mr Olufemi Oladapo Soneye as its Chief Corporate Communications Officer. A statement on its X (former Twitter) handle, said Soneye, a seasoned journalist, “will lead our Corporate Communications team and drive our brand penetration, strategic communications initiatives, and stakeholder management.” “We are […]
(AFRICAN EXAMINER) – Nigeria’s inflation rate rose to 26.72% in September 2023 amid soaring food prices and harsh economic realities occasioned by the removal of fuel subsidy in May. This was according to the September 2023 Consumer Price Index (CPI) and Inflation Report released by the National Bureau of Statistics (NBS) on Monday. The CPI, […]
(AFRICAN EXAMINER) – The African Development Bank (AfDB) President, Dr Akinwuni Adesina, says corruption is not an African issue. Adesina said this in a statement made available to the News Agency of Nigeria (NAN) in Abuja on Saturday. According to him, what is important is to continue to improve transparency, accountability and the use of […]
