(AFRICAN-EXAMINER) – Africa’s Global Bank, United Bank for Africa (UBA) Plc, is set to commence a Fraud Awareness Week – an initiative aimed at empowering customers with knowledge and tools to protect them against fraud and financial malpractices in the banking and financial sector. As a bank renowned for its commitment to integrity and customer […]
(AFRICAN EXAMINER) – The Central Bank of Nigeria (CBN) has lifted the forex ban on 43 items and also promised to intervene in the FX market from “time to time”. The apex bank had in 2015 restricted the items from accessing FX from the I&E window, saying they were “not valid for foreign exchange and […]
(AFRICAN EXAMINER) – Amid global slowdown and political instability, growth in Sub-Saharan Africa (SSA) is expected to fall to 3.3 per cent this year from 4.0 per cent recorded in 2022. This is according to the latest International Monetary Fund (IMF), Regional Economic Outlook for SSA: “Light in the Horizon’’ released at the World Bank […]
(AFRICAN EXAMINER) – The Management of Dangote Cement Plc says it has not embarked on any sales promotion and adjusted its prices. Chief Branding and Communications Officer, Dangote Group, Anthony Chiejina, made the denial in a statement issued in Lokoja on Tuesday. Chiejina said that the company was already making moves to track and prosecute […]
(AFRICAN EXAMINER) – The Fiscal Responsibility Commission (FRC) on Saturday highlighted the risks associated with banks lending in a manner that contravenes the Section 45 of its Fiscal Responsibility Act. Its Executive Chairman, Mr Victor Muruako, who spoke at a one-day stakeholders dialogue in Lagos, said such manner could also have severe consequences for banks […]
(AFRICAN EXAMINER) – The World Bank has stated that the naira and the kwanza of Angola as the “worst performing currencies” in Africa in 2023. According to the financial organisation, both currencies have depreciated by nearly 40 percent. The World Bank further disclosed that the decision by the Central Bank of Nigeria (CBN) to remove […]
(AFRICAN EXAMINER) – Africa’s Global Bank, United Bank for Africa (UBA) Plc, yesterday held the maiden edition of its expanded Graduate Management Accelerated Programme(GMAP) where over 700 graduates were inducted into the UBA Tribe after a rigorous 6-month hands-on-work and learning experience. The Chartered Institute of Bankers of Nigeria’s(CIBN) accredited programme and adopted from the […]
(AFRICAN EXAMINER) – The first local currency-denominated infrastructure investment trust fund in Nigeria and Sub-Saharan Africa, Nigeria Infrastructure Debt Fund (NIDF) has been listed on Nigerian Exchange Ltd. (NGX). The listing, which took place on Thursday in Lagos, was commemorated with a Closing Gong Ceremony where the management of the funds engaged market stakeholders with […]
(AFRICAN EXAMINER) – The naira on Tuesday appreciated against the dollar as it exchanged at N745.19 at the Investors and Exporters window. The local currency gained by 1.38 per cent compared to the N755.27 it exchanged for the dollar on Sept. 29. The open indicative rate closed at N767.24 to the dollar on Tuesday. A […]
(AFRICAN EXAMINER) – The Debt Management Office (DMO) on Tuesday offered for subscription, Ijarah Sukuk valued at N150 billion. According to a statement by the DMO, the Sukuk is issued by Federal Government of Nigeria (FGN) Roads Sukuk Company PLC, on behalf of the Federal Government. It said that the Sukuk were offered at N1,000 […]
(AFRICAN EXAMINER) – The National Bureau of Statistics (NBS) says prices of beef, tomatoes, beans, garri, yam and other food items increased in August. It made the declaration in its Selected Food Prices Watch report for August 2023 issued in Abuja. The report stated that while the average price of 1kg of boneless beef was […]
(AFRICAN EXAMINER) – The company’s management made the disclosure via a statement on Sunday in Lagos. It said the reduction in cement price was to spur development in the building materials and infrastructure sectors. According to the statement, the gesture is to allow Nigerians to enjoy the benefits of the price reduction before the completion […]
(AFRICAN EXAMINER) – The Nigerian Export Promotion Council (NEPC), says that improved export remains the solution to the free fall of the Naira to the dollar. The Executive-Director of NEPC, Dr Ezra Yakusak, said this at a news conference heralding the Council’s second National Conference on Non-Oil Exports. According to Yakusak, with increased export from […]
(AFRICAN EXAMINER) – Google on Thursday called for applications for the Hustle Academy SMB Fund, a N75 million equity-free fund dedicated to the Nigerian Small and Medium Businesses (SMBs). Head, Brand and Reputation, Sub Saharan Africa, Google, Mojolaoluwa Aderemi-Makinde, said in a statement that the initiative would offer N5,000,000 to 15 Nigerian small business owners. […]
(AFRICAN EXAMINER) – The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has urged stakeholders within the Micro Small and Medium Enterprises’ (MSMEs) ecosystem to create a more supportive environment for MSME’s to grow, thrive and contribute to the economy. The Chief Executive Officer, SMEDAN, Dr Olawale Fasanya, gave the advice at a two-day […]
(AFRICAN EXAMINER) – The Nigeria Economic Summit Group (NESG), says industrial food fortification is a critical strategy for addressing micronutrient deficiency in Nigeria. Mr Dianabasi Akpaninyang, Thematic Lead, Input and Distribution Thematic Group, Agriculture and Food Security Policy Commission, NESG, said this during the group’s visit to Dangote Salt, on Tuesday in Lagos. The News […]
(AFRICAN EXAMINER) – Africa’s foremost Conglomerate, Dangote Industries Limited (DIL) has bagged the Brand of the Year award, in recognition and celebration of the top brand’s outstanding odyssey and consistently rising profile. Marketing Edge, Nigeria’s leading Brands and Marketing publication which honoured Dangote with the award at a grand ceremony held in Lagos, described it […]
(AFRICAN EXAMINER) – The central parity rate of the Chinese currency renminbi, or the Yuan, strengthened two pips to 7.1727 against the dollar on Monday. This is according to the China Foreign Exchange Trade System. In China’s spot foreign exchange market, the Yuan is allowed to rise or fall by two per cent from the […]
(AFRICAN EXAMINER) – The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it will sanction fuel stations operators who alters petroleum pumps. Mr Farouk Ahmed, NMDPRA Chief Executive, said this during an interactive session with commissioners of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) on Friday in Abuja. Ahmed said that petrol stations […]
(AFRICAN EXAMINER) – The Central Bank of Nigeria (CBN), on Thursday, announced the indefinite postponement of the September version of its bi-monthly Monetary Policy Committee (MPC) meeting. CBN Director of Corporate Communications, Isa AbdulMumin, announced the postponement in a statement in Abuja. The News Agency of Nigeria (NAN) reports that the meeting was earlier scheduled […]
