(AFRICAN EXAMINER) – The Corporate Affairs Commission (CAC) says it will delist companies that have not filed their annual reports in a decade. In a statement on Wednesday, the Commission said the full list of the dormant companies was available on its website. “This is to inform the general public that the commission pursuant to […]
(AFRICAN EXAMINER) – The Central Bank of Nigeria (CBN) has again raised the Monetary Policy Rate (MPR), which measures interest rates by 50 basis points, from 26.25% to 26.75% amid soaring inflation and skyrocketing food prices. CBN Governor, Olayemi Cardoso, announced this after the apex bank’s 296th Monetary Policy Committee (MPC) meeting in Abuja on […]
(AFRICAN EXAMINER) – The African Group at the World Trade organisation (WTO) presented a proposal at its General Council (GC) to re-elect Ngozi Okonjo-Iweala as director-general of the organisation. Adebayo Thomas, the Director, Press and Public Relations, Ministry of Industry, Trade and Investment, said this in a statement in Abuja. According to him, the proposal […]
(AFRICAN EXAMINER) – The Director-General of West Africa Region, African Development Bank (AfDB), Lamin Barrow, says the banks’s cumulative financing approvals in Nigeria stands at 10.9 billion dollars. Barrow said this at the Second Interactive Session and Workshop on Developing Bankable Business Proposals/Business Plans for Youths in Agriculture on Monday in Abuja. The News Agency […]
(AFRICAN EXAMINER) – The Joint Committee of the House of Representatives investigating the arbitrary rise of cement price in the country has asked major producers in the industry to tender documents on cost production to justify the price of cement in the market. The committee resolved to visit production plants of the companies after going […]
(AFRICAN EXAMINER) – The Central Bank of Nigeria (CBN) has projected that Nigeria’s external reserves could reduce slightly in 2024. This was disclosed in the recently released maiden edition of its ‘Macroeconomic Outlook: Price Discovery for Economic Stabilisation’ report. The apex bank attributed the project deep in the country’s reserves to debt service and other […]
(AFRICAN EXAMINER) – The Federation Accounts Allocation Committee (FAAC) gas shared a total sum of N1.354 trillion June revenue among the Federal Government, states and Local Government Councils (LGCs). The revenue was shared at the July meeting of FAAC, held in Abuja and chaired by the Minister of Finance and Coordinating Minister of the Economy, […]
(AFRICAN EXAMINER) – Africa’s richest man Aliko Dangote says the Nigerian National Petroleum Company (NNPC) Limited now owns a 7.2% stake in the Dangote Petroleum Refinery, and not a 20% stake as initially announced before the inauguration of the facility at the Lekki Free Trade Zone. Dangote, who made this known at a press briefing […]
(AFRICAN EXAMINER) – The Shell Petroleum Development Company of Nigeria Limited (SPDC) Joint Venture has significantly expanded its educational initiatives by inducting 27 Nigerian academics and research interns. This year’s programme, a 35% increase from the previous year, welcomed eight professors, four senior lecturers, and 15 other participants. Held at the company’s headquarters in Port […]
(AFRICAN EXAMINER) – Zenith Bank Plc has emerged as the Best Commercial Bank, Nigeria in the World Finance Banking Awards 2024, retaining the award for a fourth consecutive year. The bank was also named as Best Corporate Governance, Nigeria for the third year running in the World Finance Corporate Governance Awards 2024. The awards, which […]
(AFRICAN EXAMINER) – A state-of-the-art ICT centre was on Thursday inaugurated at the Sa’adu Zungur University (formerly Bauchi State University), Gadau in Bauchi State in the latest support for education in Nigeria by The Shell Petroleum Development Company Limited (SPDC) and its joint venture partners – Nigerian National Petroleum Company Limited (NNPC); TotalEnergies and Nigeria […]
(AFRICAN EXAMINER) – The Group Chief Executive Officer of NNPC Limited Mallam Mele Kyari has declared that the drive to bring Compressed Natural Gas (CNG) closer to Nigerians has since commenced and is irreversible. Kyari, who disclosed this on Thursday during the simultaneous commissioning of 12 CNG stations in Abuja and Lagos, said in addition […]
(AFRICAN EXAMINER) – The Central Bank of Nigeria (CBN) has issued a warning to Deposit Money Banks (DMBs) and authorised forex dealers, advising them against rejecting old and lower dollar denominations from customers in the country. According to the apex bank, the directive became necessary as it had been inundated with complaints from customers after […]
(AFRICAN EXAMINER) – The Organisation of the Petroleum Exporting Countries (OPEC) says energy demand will rise by an estimated 23 per cent by 2025. OPEC says the rise will be fueled by a world economy that is expected to double in size, growing from $138 trillion dollars in 2023 to $270 trillion dollars in 2045. […]
(AFRICAN EXAMINER) – The Nigerian Railway Corporation generated N1.42 billion as revenue from passengers in Q1 of 2024, the National Bureau of Statistics (NBS) has said. This is contained in the NBS Rail Transportation Data for Q1 2024 released in Abuja on Monday. The report showed that the figure increased by 84.91 per cent compared […]
(AFRICAN EXAMINER) – The Central Bank of Nigeria (CBN) has issued fresh guidelines to Deposit Money Banks (DMBs) on the deposit of foreign currency notes with the apex bank. This directive was contained in a circular issued by the Director of Currency Operators, Mohammed Solaja and posted on the bank’s website on Friday. CBN disclosed […]
(AFRICAN EXAMINER) – President Bola Tinubu has approved the appointment of Mr Olatunji Bello as the new Chief Executive Officer/Executive Vice-Chairman of the Federal Competition and Consumer Protection Commission (FCCPC), pending confirmation by the Senate. The appointment was announced in a statement on Monday by Chief Ajuri Ngelale, Special Adviser to the President, Media and […]
(AFRICAN EXAMINER) – In yet another major step towards boosting nationwide gas supply to drive industrialization and economic growth, the Nigerian National Petroleum Company Limited (NNPC Ltd) is set to deliver the Obiafu-Obrikom-Oben (OB3) Gas Pipeline project. Group Chief Executive Officer of NNPC Ltd, Mr. Mele Kyari, confirmed this during an inspection tour of the […]
(AFRICAN EXAMINER) – Shell Petroleum Development Company of Nigeria Limited (SPDC) has reaffirmed its unwavering commitment to supporting the socio-economic development of Nigeria, especially in its areas of operations in the Niger Delta. SPDC Director and Head of Corporate Relations, Igo Weli, made the statement in Port Harcourt on Friday at a dinner to celebrate […]
(AFRICAN EXAMINER) – Nigeria’s total public debt is now ₦121.67 trillion ($91.46 billion), the Debt Management Office (DMO) said Thursday. The DMO said as of March 31, 2024, the country’s domestic and external debts stood at ₦121.67 trillion ($91.46 billion). Nigeria’s debt rose by ₦24.33 trillion within three months – from ₦97.34 trillion ($108.23 billion) […]
