(AFRICAN EXAMINER) – Access Bank Plc has announced the promotion of 800 employees following a transparent and robust performance management review in line with global best practices. The Group Head, Communications and External Affairs of the bank, Mr Amaechi Okobi, made the announcement in a statement on Monday in Lagos. The statement said that the […]
(AFRICAN EXAMINER) – African Development Bank (AfDB) is poised to empower and equip 50 million youth with employable skills by 2025 through its Jobs for Youth in Africa Initiative. The Bank said the initiative also seeks to create 25 million jobs in agriculture, information, communication and technology fields, and other key industries across the continent. […]
(AFRICAN EXAMINER) – A new round of funding grant amounting to $15 million is underway for the growth and development of women-owned small businesses in Africa. This is coming under the Africa Digital Financial Inclusion Facility (ADFI). The grant which is the fourth round of financing of $54.8 million will benefit almost 69,000 women entrepreneurs […]
(AFRICAN EXAMINER) – The Naira exchanged at 419.33 to the dollar at the Investors and Exporters window on Wednesday, a 0.20 per cent depreciation, compared to 418.50 to the dollar on Tuesday. The open indicative rate closed at 418.38 to the dollar on Wednesday. An exchange rate of 444 to the dollar was the highest […]
(AFRICAN EXAMINER) – The Naira exchanged at 417.30 to the dollar at the Investors and Exporters window on Monday, representing a -0.25 per cent appreciation, compared to N418.33 to the dollar recorded on Friday. The open indicative rate closed at 417.92 naira to the dollar on Monday. An exchange rate of 444 naira to the […]
(AFRICAN EXAMINER) – The exchange rate of the naira at the Investors and Exporters window closed at 417 to 1 dollar on Monday, representing a 0.08 per cent depreciation compared to N416.17 recorded on Friday. The open indicative rate also closed at N416.15 to the dollar on Monday. An exchange rate of N444 to the […]
(AFRICAN EXAMINER) – Following successful outings in Kano and Akure, leading financial institution, Fidelity Bank Plc, is set to host businesses in the north central geopolitical zone to a special seminar on opportunities and implementation of the CBN RT200 FX Policy. Scheduled for Tuesday, 12 April 2022 in Jos, Plateau State capital, the session would […]
(AFRICAN EXAMINER) – Electricity distribution companies has announced another breakdown, making it the fifth time this year in the country . The Kaduna Electricity Distribution Company said, “Dear Esteemed Customers, the management of Kaduna electric regrets to inform you that the current outage being experienced in our franchise states is due to a collapse of […]
(AFRICAN EXAMINER) – African Development Fund (ADF) has approved a $5.5 million technical assistance grant to kick-start the roll-out of the flagship Desert to Power initiative in the Eastern Sahel region countries of Djibouti, Eritrea, Ethiopia and Sudan. Known as the East Africa Regional Energy Project, it will be financed through the ADF-15 Regional Public […]
(AFRICAN EXAMINER) – United Bank for Africa Plc (UBA) on Thursday assured shareholders and investors of its unwavering commitment to sustain its current growth trajectory. The Group Chairman, Tony Elumelu, gave the assurance at the 60th Annual General Meeting of UBA at the Transcorp Hilton Hotel, Abuja, monitored virtually in Lagos. He said that its […]
(AFRICAN EXAMINER) – The exchange rate at the Investors and Exporters window closed at N416.67/$1 on Thursday, representing a 0.04% depreciation compared to N416. 50/$1 recorded on Wednesday. The open indicative rate also closed at N415.81/$1 on Thursday,. An exchange rate of N444/$1 was the highest rate recorded within the day trading before it settled […]
(AFRICAN EXAMINER) – International Monetary Fund (IMF) has cautioned against the risks involved in the use of Crypto assets, saying that they can be misused for money laundering, terrorist financing, and other illegal activities. Crypto assets are privately issued digital tokens that use cryptographic techniques. Bitcoin is perhaps the most famous example. IMF Deputy Managing […]
(AFRICAN EXAMINER) – One of the investors in the popular crashed Ponzi scheme, Chinmark Group, who is identified simply as Nuella is dead days after she allegedly attempted suicide. It could be recalled that almost 4,500 aggrieved investors have berated the Chief Executive Officer and Chairman of Chinmark Group, Marksman Ijiomah, concerning unpaid funds invested […]
(AFRICAN EXAMINER) – The Central Bank of Nigeria(CBN) through its Financial Services Regulation Coordinating Committee (FSRCC) has advised Nigerians to stop dealing with unlicensed or illegal financial operators in the country. The CBN through FSRCC, gave the advice in a statement posted on its website on Monday. It said that the illegal financial operators lure […]
(AFRICAN EXAMNER) – African Development Fund, the concessional window of the African Development Bank Group, has approved $21.6 million in grants for the third phase of the National Road Network Rehabilitation Programme in the Union of Comoros. The grants comprise $14.1 million from the African Development Fund and $7.5 million from the Transition Support Facility, […]
(AFRICAN EXAMINER) – Access Bank, a Nigerian multinational commercial bank has reaffirmed its commitment to support women and contribute to the growth of the women-led businesses in Nigeria. The need to increase the opportunities for women-led businesses to access new markets, increase profit and expand their businesses has remained an important focus for Access Bank […]
(AFRICAN EXAMINER) – President of Enugu Chamber of Commerce, Industry, Mines and Agriculture, ECCIMA, Barrister Jasper Nduagwuike, has lamented over the poor state of infrastructure at the permanent site of Enugu International Trade Fair complex for over 37 years running. The ECCIMA boss who spoke during the official opening of the 33rd Enugu International Trade […]
(AFRICAN EXAMINER) – The Regional Sales Director of Dangote Cement in Southeast, Mr Abayomi Shittu, says that the interest of the Dangote Group is to support the government(s) in job creation and the reduction of poverty in Nigeria. Shittu said this on Friday in Enugu during his opening speech at the Dangote Special Day at […]
(AFRICAN EXAMINER) – The World Bank has sanctioned SoftTech IT Solutions and Services Ltd., a Nigerian information technology solutions company, and its Managing Director, Mr Isah Kantigi, for alleged corrupt practices. The firm, which was involved in the National Social Safety Nets Project, was sanctioned for 50 months while the managing director was sanctioned for […]
(AFRICAN EXAMINER) – The Nigerian Communication Commission (NCC) has reiterated it’s commitment in protecting and empowering consumers irrespective of their class from unfair practices by service providers. It therefore, urged consumers to always explore its various complaint channels to register their dissatisfaction with Service providers for promt action by the federal government’s agency . Executive […]
