(AFRICAN EXAMINER) – The naira on Wednesday exchanged at 461.25 to the dollar at the Investors and Exporters window. The figure represented an appreciation by 0.05 per cent compared with the 461.50 it exchanged on Tuesday. The open indicative rate closed at N461 to the dollar on Wednesday. An exchange rate of N462 to the […]
(AFRICAN EXAMINER) – For failing to submit its annual accounts, authorities in the United Kingdom, have struck off Next International (UK) Limited, a company largely owned by the presidential candidate of the Labour Party, Peter Obi. An online platform, Premium Times, reported that the company was removed from the record in September 2021, following a […]
(AFRICAN EXAMINER) – Global economic growth was projected to slow to 1.7 per cent in 2023, 1.3 percentage points below the forecast made in June last year. Marking its third-weakest pace in nearly three decades, the World Bank Group said in its latest Global Economic Prospects release. Given such adverse shocks as high inflation, rising […]
(AFRICAN EXAMINER) – The Central Bank of Nigeria (CBN) will monitor commercial banks to ensure that they comply with the directive of loading the redesigned Naira notes in their Automated Teller Machines (ATMs). CBN Director, Currency Operations, Mr Ahmed Umar, made this known in Abuja on Monday at the Training Session for State Directors, National […]
(AFRICAN EXAMINER) – The Central Bank of Nigeria’s policy on restriction on daily cash withdrawal takes off across the country today, Monday, January 9. African Examiner reports that in this arrangement, the maximum weekly limit for cash withdrawals across all channels by individuals and corporate organisations is N500,000 and N5 million, respectively. Individuals or organisations […]
(AFRICAN EXAMINER) – AT3 Resources, a communication and events consulting firm is set to inaugurate a digital marketing bootcamp for Small and Medium Scale Enterprises (SMEs) to mark its fifth year anniversary. The Chief Executive Officer of the firm, Tosin Adefeko,made this known in a statement on Saturday in Lagos. She said the digital marketing […]
(AFRICAN EXAMINER) – The equity market on Friday maintained a bullish trend, gaining N193 billion or 0.7 per cent to close at N27.899 trillion as against N27.706 trillion on Thursday. Also, the All-Share Index was up by 353.82 points or 0.7 per cent to close at 51,222.34 compared to 50, 868.52 on Thursday. The market’s […]
(AFRICAN EXAMINER) – The Nigerian National Petroleum Company (NNPC) Limited has refuted claims that it exported 17.877 million barrels of crude oil without proper documentation from 2016 to 2020. African Examiner recalls that a report quoted the former auditor-general of the federation (AuGF), had accused some exporters of shipping crude oil without trying to meet […]
(AFRICAN EXAMINER) – The Senate has enjoined the Central Bank of Nigeria (CBN) to extend its deadline for the phasing out of the old N1,000, N500 and N200 notes. African Examiner recalls that the CBN had initially stated that from January 31st the old notes will fizzle out. However, the senate wants the date to […]
(AFRICAN EXAMINER) – The Nigerian Naira fell to all-time low of N456.33 per dollar despite increased liquidity at the official market. Foreign exchange (FX) activity levels, which is reflected in the daily turnover rose significantly by 181.62 percent but failed to shore up the value of Naira. The FX daily turnover increased to $377.48 million […]
(AFRICAN EXAMINER) – CBN Deputy Governor Aisha Ahmad, the Deputy Governor of the Central Bank of Nigeria (CBN), has stated that she does not know the quantities of new notes the CBN printed and released for circulation. Ahmad stated this as she responded to questions when she appeared before the House of Representatives to talk […]
(AFRICAN EXAMINER) – The Central Bank of Nigeria (CBN) has stated that Individuals can now withdraw N500,000 cash weekly after it reviewed its cash withdrawal limits. African Examiner writes that this policy was reviewed two weeks after the CBN initially announced the withdrawal limits policy. Announcing the development in a circular signed by the Director […]
(AFRICAN EXAMINER) – African Development Fund (ADF), the concessional window of the African Development Bank (AfDB) Group, has approved grants worth $20.56 million to finance the fourth expansion of Banjul Port in The Gambia. The funding comprises an ADF grant of $13.71 million and another $6.85 million grant from the Transition Support Facility window. The […]
(AFRICAN EXAMINER) – The Sudanese Government has secured $73.81 million grant from the African Development Bank (AfDB) to finance its emergency wheat production project under the Bank’s African Emergency Food Production Facility. The project which is tagged, “Sudan Emergency Wheat Production Project (SEWPP)”, is aimed at improving the production of wheat in the country. Agriculture […]
(AFRICAN EXAMINER) – African Development Bank (AfDB) and its partners have announced that the newly launched African Pharmaceutical Technology Foundation (APTF) will be unveiled on Thursday in Kigali, Rwanda. The APTF will be unveiled during a forum holding at the 2nd International Conference on Public Health in Africa which runs from December 12 to 15. […]
(AFRICAN EXAMINER) – African Development Bank (AfDB) Group has announced the appointment of Prof. Padmashree Gehl Sampath as the new Special Advisor on Pharmaceuticals and Health Infrastructure to the president of the bank, Dr. Akinwumi Adesina. Prof. Sampath will also be leading the technical work related to the setting up of the African Pharmaceutical Technology […]
(AFRICAN EXAMINER) – The African Development Bank (AfDB) Group has approved a loan of $179.66 million to support government reforms to restore post-pandemic fiscal stability and economic recovery in Botswana. The funds for phase II of the programme will build on the successes of the first phase by supporting policy measures designed to boost economic […]
(AFRICAN EXAMINER) – The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, says the newly redesigned Naira notes are already in banks and ready for issuance. According to multiple tweets on CBN’s official handle, Emefiele made the statement at Daura while on a visit to brief President Muhammadu Buhari on the Naira […]
(AFRICAN EXAMINER) – The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has disclosed that the new naira notes have already been disbursed to the various commercial banks and expect that banks would begin distribution to the public. Emefiele made the declaration on Thursday after a visit to President Muhammadu Buhari in his […]
(AFRICAN EXAMINER) – Development partners of the African Development Fund (ADF) have agreed to commit a total package of $8.9 billion to its 2023 to 2025 financing cycle. This is coming after a year of intense negotiations and a difficult global economic outlook. It is the largest replenishment in the history of the Fund. ADF […]
