(AFRICAN EXAMINER) – The Bureau of Public Enterprises (BPE) has signed a tripartite agreement to commence the re-concession of the Lagos International Trade Fair Complex (LITFC). This is contained in a statement signed by BPE’s Head of Public Communications, Amina Tukur, in Abuja on Monday. Tukur said the bureau signed a tripartite agreement with Portman […]
(AFRICAN EXAMINER) – The Enugu Chamber of Commerce. Industry, Mines and Agriculture (ECCIMA), said the Cashless Policy affected the just concluded 34th Enugu International Trade Fair adversely. Speaking at the closing ceremony in Enugu on Wednesday, ECCIMA President, Mr Jasper Nduagwuike, said that the 2023 general elections also contributed to the low turnout of exhibitors. […]
(AFRICAN EXAMINER) – The National Bureau of Statistics (NBS), says total capital importation in Nigeria stood d at 1,060.73 million dollars in quarter four of 2022. The NBS said this in its Nigeria Capital Importation Q4 2022 report released on Wednesday in Abuja. The report said the Q4 figure was lower than the 2,187.63 million […]
(AFRICAN EXAMINER) -The African Development Bank (AfDB) has appointed Marie-Laure Akin-Olugbade, a Cameroonian national, Vice President for its Regional Development, Integration and Business Delivery complex. The appointment Akin-Olugbade, a seasoned senior executive with close to 31 years of experience delivering technical, managerial and strategic knowledge and leadership in capital markets, treasury, asset management and product […]
(AFRICAN EXAMINER) – The Naira appreciated against the dollar on Friday, exchanging for N461.38 at the investors’ and exporters’ window. The rate represented an increase of 0.03 per cent when compared to the N461.50 it exchanged to the dollar on Thursday. The open indicative rate closed at N461.30 to the dollar on Friday. A spot […]
(AFRICAN EXAMINER) – The Nigerian Deposit Insurance Corporation, (NDIC) has advised on the need to always save their money with Formal Banking System as they remain the safest, smartest and most prudent place to save and the only way through which the corporation can protect bank deposits. The Organization equally stated that such deposits enjoy […]
(AFRICAN EXAMINER) – The World Bank Group’s Board of Executive Directors announced that Ajay Banga, a U.S. national, was the only nominee for the position of the next President of the bank. This is contained in a statement issued by the World Bank in Abuja on Friday. “The World Bank Group’s Board of Executive Directors […]
(AFRICAN EXAMINER) – Nigeria’s total public debt stock consisting of domestic and external debt stocks of the Federal Government of Nigeria, the 36 State Governments and the Federal Capital Territory hit N46.25 trillion or 103.11 billion dollars inn Q4 2022. The National Bureau of Statistics (NBS) made this known on Friday in its Nigerian Domestic […]
(AFRICAN EXAMINER) – African Development Bank (AfDB) has expressed its motivation for partnering with the the Egyptian African Business Association (EABA). EABA was formed in 2019, with the objective of increasing Egyptian private sector collaboration with African counterparts. It is composed of 22 industrial committees representing all industrial sectors. Its membership consists of companies and […]
(AFRICAN EXAMINER) – The Central Bank of Nigeria (CBN), in collaboration with the Bankers Committee, has begun its sensitisation and public enlightenment in Kano markets, to enhance the adoption of eNaira. The team, comprising CBN staff and representatives of some commercial banks, took the campaign to Singer Market on Wednesday in Kano metropolis. During the […]
The Economic Commission for Africa (ECA) has unveiled a programme to support Member States in modernising administrative data for statistical purposes. This is contained in a statement delivered on behalf of the UN system in Cameroon, by Adama Coulibaly, Chief of the Sub Regional Initiatives Section at ECA’s Office for Central Africa. The ECA also emphasised […]
(AFRICAN EXAMINER) – Chinese e-commerce giant Alibaba on Tuesday announced that it would split into six smaller business units. The split will include online trading, media and cloud services and turn the 220 billion dollars company into a tech holding company, In an unusual move in China, each unit will have its own executive board and […]
(AFRICAN EXAMINER) – The Naira depreciated against the dollar on Monday, exchanging N461.50 at the investors’ and exporters’ window. The rate represented a decrease of 0.04 per cent when compared to the N461.33 for which it exchanged to the dollar before the close of business on on March 24. The open indicative rate closed at […]
(AFRICAN EXAMINER) – The Small and Medium Enterprises Development Agency (SMEDAN) has commenced the training of 90 unemployed youths in fashion, leather work and hair dressing in Taraba. Mr Olawale Fasanya, Director General of the agency, said this at the opening of the National Business Skills Development Initiative (NBSDI) programme in Jalingo on Monday. He […]
(AFRICAN EXAMINER) – Long queues at commercial banks in Lagos have suddenly disappeared following the injection of more bank notes by the Central Bank of Nigeria (CBN) into commercial banks. The apex bank had on Thursday confirmed the evacuation of bank notes from its vaults to commercial banks across the country as part of a […]
(AFRICAN EXAMINER) – The National Bureau of Statistics (NBS), says the average price of 5kg of cooking gas increased from N3,708.58 in February 2022 to N4,600.57 in February 2023. This is contained in the Bureau’s “Cooking Gas Price Watch’’ for February 2023 released on Friday in Abuja. The report said the February price represented a […]
(AFRICAN EXAMINER) – The CBN has described as fake, the news making the rounds that it suspended accounts of Fintech companies like OPAY and PALMPAY. CBN’s Acting Director, Corporate Communications, Mr Isa AbdulMumin, told the News Agency of Nigeria (NAN) in Abuja on Friday that the viral news “is simply fake’’. The viral news credited […]
(AFRICAN EXAMINER) – The Pension Transitional Arrangement Directorate (PTAD), says it would unveil “Am Alive” Confirmation solution on April 14, according to Mr Gbenga Ajayi, PTAD’s Head of Corporate Communications. He said said in a statement on Saturday in Abuja, that the solution is an online platform for pensioners to periodically confirm that they are […]
(AFRICAN EXAMINER) – The Nigerian insurance industry generated N726.2billion as gross premium income at the end of fourth quarter 2022. A bulletin of the industry’s regulator, National Insurance Commission (NAICOM), titled “Insurance Industry Performance for Fourth Quarter 2022″, made available on Thursday in Lagos stated this. NAICOM said that the result represented a growth proportion […]
(AFRICAN EXAMINER) -The African Development Bank (AfDB) has signed a €362,000 grant agreement with Hadejia Jama’are Komadugu Yobe Basin-Trust Fund to support water resources development in northern Nigeria. Created in 2006, the Hadejia-Jama’are-Komadugu-Yobe Basin Trust Fund is an innovative platform for joint intervention by the riparian states, with the support of the Federal Government for […]
