(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 […]
–Woos Large Scale Investment At Nigeria-US Executive Business Roundtable (AFRICAN EXAMINER) – In honour of President Bola Tinubu’s determined global push to aggressively attract foreign direct investment into Nigeria, the world’s second largest stock exchange, the National Association of Securities Dealers Automated Quotation System (NASDAQ), on Wednesday in the world’s financial capital, invited the Nigerian […]
(AFRICAN EXAMINER) – The CBN on Wednesday in Abuja unveiled a new online platform for the submission of license applications by microfinance banks. Its Director, Corporate Communications, Mr Isa AbdulMumin, said the platform, known as the CBN Licensing, Approval and Other Requests Portal (CBN LARP), would be the place to process applications. AbdulMumin said the […]
—-ExxonMobil Pledges 40,000bpd In New Nigerian Production In The Short Term (AFRICAN EXAMINER) – President Bola Tinubu played host to a delegation consisting of the global leadership of an Oil & Gas transnational giant, ExxonMobil, on Monday in New York, where he made his position known that Nigeria is no longer settling for crumbs and […]
(AFRICAN EXAMINER) – The central parity rate of the Chinese currency renminbi, or the Yuan, strengthened 3 pips to 7.1733 against the U.S. Dollar on Tuesday, 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 central […]
(AFRICAN EXAMINER) – The Nigeria Extractive Industries Transparency Initiative (NEITI) said the oil and gas industry generated over $23billion in 2021. The Executive Secretary of NEITI, Dr Orji Ogbonnaya-Orji said this while presenting highlights on the 2021 Oil and Gas report unveiled on Monday in Abuja. According to Ogbonnaya Orji, the revenue sources included sales […]
—As Indian Investors Pledges $14b Investment (AFRICAN EXAMINER) – President Bola Tinubu on Wednesday said Nigeria offers the best returns on investment while commending Indian investors for investment pledges amounting to nearly $14 billion Tinubu spoke during the Nigeria-India Presidential Roundtable and Conference in New Delhi, India, saying, “we are ready to give you the […]
(AFRICAN EXAMINER) – A new data released by the National Bureau of Statistics (NBS) showed that Nigeria generated N1.49 trillion as the aggregate revenue from Value-Added Tax (VAT) in the first half of 2023. The NBS on Monday stated that on the aggregate, VAT for the second quarter of 2023 was reported at N781.35 billion, […]
(AFRICAN EXAMINER) – Renowned economist and Chairman of United Bank for Africa Plc, Tony Elumelu, has refuted claims that President Tinubu intends to make him the substantive governor of the Central Bank of Nigeria (CBN). The African Examiner recalls that there are rumours that President Bola Tinubu has shortlisted Elumelu as one of the candidates […]
(AFRICAN EXAMINER) – President Bola Tinubu administration on Monday said it inherited a bad economy with an unacceptable high rate of employment The administration, however, assured Nigerians that it would not rely on borrowing to raise funds to fix the country while pledging to be transparent, honest and accountable to the people. Briefing State House […]
(AFRICAN EXAMINER) – Nigeria’s unemployment rate dropped to 4.1% in the first quarter of 2023 from 5.3% in the fourth of 2022, the National Bureau of Statistics (NBS) has said. This was contained in a report titled, ‘Nigeria Labour Force Statistics Report Q4 2022 & Q1 2023’ which was released on Thursday by the NBS. […]
(AFRICAN EXAMINER) – The Central Bank of Nigeria (CBN) on Friday unveiled a series of fresh operational guidelines for forex sales by Bureau de Change (BDC) operators in the country. This is coming more than two years after the suspended CBN governor, Godwin Emefiele, announced the suspension of foreign exchange sales to BDC operators in […]
(AFRICAN EXAMINER) – President Bola Tinubu on Wednesday in Abuja assured investors that his ongoing repositioning of the economy would receive a boost as he conducts an intensified removal of all bottlenecks in the way of efficient business startup and administration in Nigeria, with a particular emphasis on efficiency in service, tax reviews, and improved […]
(AFRICAN EXAMINER) – Amid shortage of foreign exchange, Nigeria’s inflation rate rose to 24.08% in July 2023, the highest in years. The July 2023 rate showed an increase of 1.29% points when compared to the previous month’s which was 22.79%, the National Bureau of Statistics (NBS) said in its Consumer Price Index (CPI) report released […]
(AFRICAN EXAMINER) – Acting Governor of the Central Bank of Nigeria (CBN), Folashodun Shonubi on Monday said that the apex bank would soon take measures to halt the fall of the naira The naira is presently exchanged for over N900 to a dollar at the parallel market Briefing State House Correspondents on Monday after meeting […]
(AFRICAN EXAMINER) – A prominent attorney and a former police officer and United States Marine Corps veteran, Zulu Ali has released a book on the economic exploitation of African Americans by justice system. The new is published from his lecture entitled, “Negroes for Sale: The Business of American Criminal Justice”. The lecture, now available in […]
(AFRICAN EXAMINER) – Founder and Chief Executive Officer (CEO) of IngenuiTea, a line of organic tea products, Michelle Watson has said that the next best thing you can put in your body after water is tea. Watson, an accomplished African American woman entrepreneur, launched IngenuiTea in January this year and the brand has recorded resounding […]
(AFRICAN EXAMINER) – The African Development Bank (AfDB) is joining forces with the United Nations Environment Programme (UNEP) to advance implementation of the Kunming-Montreal Global Biodiversity Framework (KMGBF) in Africa. The framework sets out an ambitious pathway to reach the global vision of a world living in harmony with nature by 2050. The AfDB and […]
(AFRICAN EXAMINER) – An accomplished African American cosmetologist. Mariah Lovemore has made history as the first Black woman to formulate an all-natural, organic hair growth for men and women with natural hairstyles. Lovemore, who hails from Cincinnati, Ohio, was just 27 years old when she began researching how to develop a hair growth formula. It […]
(AFRICAN EXAMINER) – African Development Bank (AfDB) Group has urged countries in the northern part of Africa to make green growth an urgent regional priority. The AfDB also harped on the need for the North African governments, foreign and domestic private investors, multilateral development banks and development finance institutions, as well as the private sector, […]
