(AFRICAN EXAMINER) – The Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR), which measures interest rate, from 18.5 percent to 18.75%. Acting CBN Governor, Folashodun Shonubi, announced this on Tuesday after the bank’s Monetary Policy Committee (MPC) meeting in Abuja. This is the first decision of the monetary committee since President […]
(AFRICAN EXAMINER) – Twitter launched its new logo on Monday, replacing the blue bird with a white X on a black background as the Elon Musk-owned company moves toward rebranding as X. The social media network’s website showed the company’s new logo, but its URL was still showing as twitter.com and the blue “Tweet” button […]
(AFRICAN EXAMINER) – As preparations for 23rd Annual PowerNetworking Conference (PNC), gather momentum, more than 1000 African American entrepreneurs and professionals are gearing up to attend the event. PNC is widely recognized as America’s largest continuously held conference in the world for Black executives, business professionals, and entrepreneurs. The conference, according to a statement by […]
(AFRICAN EXAMINER) – Founder and Chief Executive Officer (CEO) of B’s Essentials Vending, Brittni Clemons has launched a new nationwide franchise. The vending machine company which supplies interactive, AI-powered touchscreen kiosks, started selling just beauty products initially but now it has now expanded to auto care products, baby products, and school supplies, offering franchise partners […]
(AFRICAN EXAMINER) – The European Investment Bank (EIB) has approved a new €20 million loan to boost food production by empowering farmers and fishers in Madagascar. EIB is the biggest multilateral financial institution in the world and one of the largest providers of climate finance. Since 1970, the EIB has made long-term investments of €904 […]
….Bello Koko Projects over 500bn (Half a trillion) Revenue by Year End 2023, Going by the Current Momentum and the Recurrent Trend of Shipping Volumes Peaking from July to December. (AFRICAN EXAMINER) – The Nigerian Ports Authority (NPA) has generated a total revenue of N191, 430,093,501.00 (One hundred and ninety-one billion, four hundred and thirty […]
(AFRICAN EXAMINER) – Nigeria’s Consumer Price Index (CPI) rose to 22.79% in June from the 22.41% recorded in May 2023. This is according to the latest CPI report released by the National Bureau of Statistic (NBS) on Monday. The CPI measures the rate of change in prices of goods and services. “In June 2023, the […]
(AFRICAN EXAMINER) – The European Investment Bank (EIB) has approved $40 million to accelerate climate infrastructure investment across Africa. This is aimed at supporting the Acre Impact Capital’s Export Finance Fund, which invests in climate-aligned essential infrastructure by partnering with leading commercial lenders and export credit agencies. It will address the estimated $100 billion annual […]
(AFRICAN EXAMINER) – Madam Oyenike Abioye Biobaku, the founder and Chief Executive Officer (CEO) of Hat Arena, a fast-rising outfit, currently operating from the United Kingdom (UK), with offices and representatives in South Africa and Nigeria, speaks extensively in this exclusive interview with African Examiner, on her company’s exploits in the fashion industry. She also […]
(AFRICAN EXAMINER) – The Competition and Consumer Protection Tribunal (CCPT) sitting in Abuja on Thursday imposed a fine of N120 million against Stanbic-IBTC Bank over the bank’s failure to complete a transfer request for a customer. In a split decision of two to one, the tribunal convicted the bank for contravening the provisions of Section […]
(AFRICAN EXAMINER) – The Federal Government through the Debt Management Office (DMO) has redeemed a $500 million Eurobond on its due date on July 12, 2023. The Eurobond was issued in July 2013 (as part of a dual-tranche USD1 billion Eurobond) for a tenor of ten (10) years at a coupon of 6.375% per annum. […]
(AFRICAN EXAMINER) – A late Saturday night fire gutted leather products, raw materials and machines estimated at over N3 billion in Aba, Abia state. The fire affected over 30 shops at the Mansion Zone block of Powerline Leather Products Industrial Cluster. The Chairman of the affected block in the industrial cluster, Mr Ugochukwu Nwachukwu told […]
(AFRICAN EXAMINER) – President Bola Tinubu on Friday assured the manufacturing and service sectors that more reforms will be unfolded to enable efficiency and attract investments, saying the ongoing economic ‘‘revolution’’ will be deliberately steered to capture and favour teeming youths in the country. “We have a responsibility to revolutionize the economy so that our […]
….. Shell Director Hails Tinubu’s Strong Start, Positive Reforms (AFRICAN EXAMINER) – President Bola Tinubu has assured the business community of his government’s commitment to policy consistency and better business climate to attract investment. A statement issued on Monday and signed by Special Adviser to the President on Special Duties, Communications and Strategy, Mr. Dele […]
(AFRICAN EXAMINER) – Zenith Bank Plc has retained its ranking as the Number One Bank in Nigeria by Tier-1 Capital in the 2023 Top 1000 World Banks’ Rankings, published by The Banker Magazine. For the fourteenth year in a row, the Bank has held its position as the number one Tier-1 bank in Nigeria, emerging […]
(AFRICAN EXAMINER) – The management of the Lekki Deep Seaport has announced that Rimbaud has become the first transshipment vessel to berth at the port. Making this known in a series of tweets on Friday, the port management said the ship operated by CMA CGM, has a Length Overall of 270m, a breadth of 42.8m […]
(AFRICAN EXAMINER) – The sustained advocacy of the Mohammed Bello Koko- led Management of the Nigerian Ports Authority (NPA) for the decongestion of the Ports to pave way for efficient operations received a boost on 23rd June, 2023, when Permanent Secretary Federal Ministry of Transportation Dr. Magdelene Ajani led an inter-agency team consisting of the […]
(AFRICAN EXAMINER) – The naira has appreciated by 0.68 per cent against the United States dollar on the Investor & Exporter forex window. The local currency closed at N763/$ on Tuesday, compared to N768.17/$ at the close of trading on Monday. There was no trading on Wednesday owing to the two-day public holiday to mark […]
(AFRICAN EXAMINER) – African Development Bank (AfDB) Group has approved an equity investment of €18 million in the Africa Guarantee Fund (AGF) and another €1.2 million to support youth and women entrepreneurs engaged in agricultural value chains in Kenya. AGF is a private limited liability pan-African non-bank financial institution headquartered in Nairobi, Kenya. Its objective […]
(AFRICAN EXAMINER) – The World Bank has clarified that the 800 million dollar loan from the bank was approved as of December 2021, a time when the government of Muhammadu Buhari contemplated the removal of fuel subsidy. Its Nigerian articlesCountry Director, Dr Shubham Chaudhuri, made this known on Tuesday at an event organised by the […]
