(AFRICAN EXAMINER) – Fidelity Bank has agreed to take over the United Kingdom unit of Nigeria’s second oldest lender, Union Bank, the former said Tuesday. It is the latest phase in the train of divestments by the latter which, beginning late last year, saw Union Bank offload 90 per cent of its shareholding to a […]
(AFRICAN EXAMINER) – The management of Dangote Sugar Refinery Plc has stated that, its about to cut the importation of sugar into the country by 40 percent. The President, Dangote Group, Aliko Dangote, stated in a statement that it was embarking on Phase II of its sugar project, which would cover over 100,000ha to make […]
(AFRICAN EXAMINER) – The Naira remained constant on Monday exchanging at N430.33 to the dollar at the Investors and Exporters window. It remained unchanged from its value on Friday. The open indicative rate closed at N429.07 to the dollar on Monday. An exchange rate of N432 to the dollar was the highest rate recorded within […]
(AFRICAN EXAMINER) – The Zambian Minister of Commerce and Industry, Mr. Chipoka Mulenga, has sought the assistance of the President, Dangote Group, Aliko Dangote in the development of his country’s agricultural sector. Chipoka Mulenga, who led a delegation from Zambia on tour of the 3.00 million metric tonnes Dangote Fertiliser plant at the weekend, called […]
(AFRICAN EXAMINER) – First Bank of Nigeria Ltd. has announced plans for the fifth edition of its Corporate Responsibility and Sustainability (CRS) Week. The bank’s Group Head, Marketing and Corporate Communications, Mrs Folake Ani-Mumuney, said this in a statement on Sunday in Lagos. The statement said that the event slated for Aug. 22 to 27, […]
(AFRICAN EXAMINER) – The African Development Bank Group has launched preparations for a new Ten-Year Strategy (TYS 2023-2032), which will supersede its current TYS (2013-2022). Founded in 1964, the Bank Group is comprised of the African Development Bank (AfDB), the African Development Fund (ADF), and the Nigeria Trust Fund (NTF). Its overall mission is to […]
(AFRICAN EXAMINER) – From next week, Nigerians will be able to open an eNaira wallet and conduct transactions by simply using a designated USSD code on any phone. To carry out these transactions, Nigerians will only have to dail *997 from their phones. Central Bank of Nigeria (CBN) Governor Godwin Emefiele stated these at the […]
(AFRICAN EXAMINER) – The leadership of the National Union of Electricity Employees (NUEE) has suspended the ongoing strike by two weeks. Mr Godfrey Abah, the Chairman, FCT chapter of the National Union of Electricity Employees (NUEE) said this in an interview in Abuja on Wednesday. Abah said that the suspension followed a meeting held with […]
(AFRICAN EXAMINER) – The founder and Chief Executive Officer (CEO) of the Official Black Wall Street (OBWS) app, Mandy Bowman is currently using her brand to give away $25,000 in grants to African American entrepreneurs. Bowman, who resigned from her corporate job as a social media manager in 2017 when she was 27, is just […]
(AFRICAN EXAMINER) – The African Business Roundtable (ABR) and the African Import-Export Bank (Afreximbank) have rounded off their first webinar in series for project preparation in Africa. The ABR and Afreximbank came together last week in a well- executed endeavor that is a passion of both organizations which is deeply rooted in bringing business projects […]
…As Dangote, Bill Gates Foundations Sign MOU on Immunization (AFRICAN EXAMINER) – President/Chief Executive of Dangote Industries Limited, Aliko Dangote has been conferred with the Commander of the Order of Merit of Niger award by the President of the Republic of Niger, His Excellency Mohamed Bazoum in Niamey. According to the certificate of conferment presented […]
(AFRICAN EXAMINER) – A Magistrates’ Court in Wuse, Abuja, has issued a warrant of arrest against the Managing Director of Wema Bank Plc, Ademola Adebise, for alleged forgery. The court ordered the immediate arrest of Adebise by the Nigeria Police Force and other security agencies in the country. “You are hereby directed to arrest the […]
(AFRICAN EXAMINER) – The African Development Bank (AfDB) has appointed Mrs. Marie-Laure Akin-Olugbade, née Ndongo-Seh, as Acting Vice-President of its Regional Development, Integration and Business Delivery Complex, with effect from 1st August Akin-Olugbade, a Cameroonian national, is currently the Director General of the Business Development and Delivery Office for the West Africa Region of the […]
(AFRICAN EXAMINER) – Host communities of the Oil Mining Licence (OML) 11 in Rivers and Abia States have rejected Sahara Energy except the federal government, through Nigerian Petroleum Development Company (NPDC), dialogue with them on the operatorship of the licence. The communities under the aegis of Ogoni, Asa, Imo River OML11 Oil Producing Communities insisted […]
(AFRICAN EXAMINER) – The United States International Development Finance Corporation (DFC) has signed a commitment letter for a $280 million loan in financing for Access Bank Plc to boost small businesses in Nigeria. DFC partners with the private sector to finance solutions to the most critical challenges facing the developing world today. The corporation invest […]
(AFRICAN EXAMINER) – Participants at a Panel Dialogue on the African Development Bank’s African Economic Outlook 2022 said on Wednesday that Africa deserves the highest priority attention it can get at the United Nations climate conference, COP 27 holding in November this year in Egypt. The event which was hosted by the Atlantic Council in […]
(AFRICAN EXAMINER) – The Naira on Thursday appreciated against the dollar at the Investors and Exporters window, after a two-day decrease, exchanging at N426.20. The figure represented an increase of 0.88 per cent compared with the N430 it exchanged for the dollar on Wednesday. The open indicative rate closed at N428.10 to the dollar on […]
(AFRICAN EXAMINER) – African Development Fund has approved a $4.3 million grant to fund capacity building within Ethiopia’s finance ministry and related government departments. The grant is to enable Ethiopia tackle declining growth and other economic challenges. The country’s Ministry of Finance will implement the project. The project will support capacity strengthening of the Government […]
(AFRICAN EXAMINER) – The Secretariat for the Common Market for Eastern and Southern Africa (COMESA) and the African Development Bank (AfDB) have launched phase one of the Africa Cloud Ecosystem Project. The regional cloud ecosystem project will be financed with a $550,000 grant from the NEPAD Infrastructure Project Preparation Facility Special Fund (NEPAD-IPPF) to support […]
(AFRICAN EXAMINER) – African Development Fund (ADF), the concessional window of the African Development Bank (AfDB) Group, has approved a grant of $2 million to boost food production in Sierra Leone. The programme falls under the AfDB’s $1.5 billion African Emergency Food Production Facility, a response to the global food crisis that resulted from the […]
