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Disclose Nigeria’s Daily Oil Production And Exports, SERAP Tells NNPCL

(AFRICAN EXAMINER) – Socio-Economic Rights and Accountability Project (SERAP) has urged the Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, to “promptly publish details of barrels of oil Nigeria produces and exports every day and the total amounts of revenues generated from oil since the removal of subsidy on […]

Beware Of Fake Naira Notes, CBN Warns Nigerians

(AFRICAN EXAMINER) – The Central Bank of Nigeria has warned Nigerians against counterfeit Naira banknotes in circulation. The apex bank gave this warning on Friday in a notice titled ‘Beware of Counterfeit Naira Banknotes in Circulation’. The Bank tasked all Deposit Money Banks, Financial Houses, Bureau de Change and the general public to be on […]

World Bank Unveils $5bn Renewable Energy Plan For Africa

(AFRICAN EXAMINER) – The World Bank will allocate $5 billion to deliver “reliable, affordable, renewable electricity” to 100 million Africans by the end of the decade, the president of the development lender announced Wednesday. The World Bank estimates that around 600 million people in Africa do not currently have access to reliable electricity, a key […]

NNPC to Work with Partners to Reduce Methane Emissions-Eyesan, EVP Upstream

(AFRICAN EXAMINER) –  NNPC Ltd. has expressed its commitment to work with global partners in the march towards reducing methane emissions in oil and gas operations. On the sidelines of the ongoing United Nations Climate Change Conference, also known as COP28, taking place in Dubai, the United Arab Emirates, the Oil and Gas Decarbonization Charter […]

DMO Offers FG Savings Bonds For Subscription At ₦1,000 Per Unit

(AFRICAN EXAMINER) – The Debt Management Office (DMO), on Monday, offered two Federal Government of Nigeria (FGN) savings bonds for subscription at ₦1,000 per unit.  The first offer is a two-year FGN savings bond due on December 13, 2025, at an interest rate of 12.287% per annum. The second offer is a three-year FGN savings […]

Kyari: NNPC Ltd Urges Stakeholders, Nigerians To Refrain From Issuing Congratulatory Messages

(AFRICAN EXAMINER) – The Group Chief Executive Officer (GCEO) of Nigerian National Petroleum Company (NNPC) Limited, Malam Mele Kyari, has expressed gratitude to Stakeholders and Nigerians for their enthusiasm regarding his reappointment by the President and Commander-in-Chief of the Federal Republic of Nigeria, Asiwaju Bola Ahmed Tinubu, GCFR.   This was contained in a statement Issued […]

2024 Budget Parameters: Oil Price Pegged At $77.96, Naira At 750 Per Dollar

(AFRICAN EXAMINER) – President Bola Tinubu during his presentation of the 2024 ‘Budget of Renewed Hope’ on Wednesday pegged oil price at $77.96 and the naira at N750/$1. The President presented the 2024 budget proposal of N27.5trn before a joint session of the National Assembly in Abuja on Wednesday. He said, “Distinguished members of the […]

$43.7bn Trade, Investment Deals Sealed At Cairo Meeting —Afreximbank

(AFRICAN EXAMINER) – Afreximbank says about 43.7 billion dollars worth of trade and investment deals were sealed at the just concluded Intra-African Trade Fair (IATF2023) held in Egypt. Kanayo Awani, Intra-African Trade Bank, Afreximbank Executive Vice-President, said this at the Post-Event Virtual News Conference held in Cairo, Egypt on Tuesday. Awani said the 43.7 billion […]

FG Woos Foreign Mining Investors With Lower Production Cost

(AFRICAN EXAMINER) – The Minister of Solid Minerals Development, Dele Alake, on Tuesday assured foreign investors of low production costs in the country’s mining sector. Speaking at the Mines and Money Conference in London, Alake said that President Bola Tinubu has embarked on reforms to boost investment by streamlining procedures and reducing hurdles to attract […]

It Doesn’t Make Sense To Export Crude And Not Supply Dangote Refinery — Rewane

(AFRICAN EXAMINER) – Renowned economist, Bismarck Rewane, says it makes no sense for the country to export crude on Forward Contract and not supply indigenous firm, Dangote Refinery. Rewane, the Managing Director of Financial Derivatives Company Limited, made this known on Tuesday during a live appearance on Channels Television’s Business Morning show. He said by […]

Zenith Bank To Establish A Subsidiary In France, Signs MOU With French Govt

(AFRICAN EXAMINER) – Zenith Bank Plc has signed a Memorandum of Understanding (MoU) with the French Government to establish a subsidiary of Zenith Bank Plc in France.  The MoU, which was signed by the Founder and Chairman of Zenith Bank Plc, Jim Ovia, CFR, and the French Minister for Trade, Attractiveness and French Nationals Abroad, […]

Zenith Bank Transforms Ajose Adeogun Street Into Spectacle With Christmas Decorations

(AFRICAN EXAMINER) – In a splendid display, Zenith Bank heralded the Christmas and Yuletide seasons with the Light-Up of Ajose Adeogun Street and Roundabout, Victoria Island, Lagos, on Saturday, 25 November 2023. The Light-Up ceremony was performed by the Group Managing Director/CEO of Zenith Bank Plc, Dr. Ebenezer Onyeagwu. This year’s Light Up Ceremony, the […]

Experts Applaud CBN Over Planned Recapitalisation Of Banks

(AFRICAN EXAMINER) – Two financial experts have commended the Central Bank of Nigeria (CBN) for its plan to further recapitalise Deposit Money Banks (DMBs) in the country. They gave the commendations in separate interviews with the News Agency of Nigeria (NAN) on Sunday in Ota, Ogun. NAN reports that Mr Olayemi Cardoso, the CBN Governor, […]

CBN To Increase Capital Base Of Banks

(AFRICAN EXAMINER) – The Central Bank of Nigeria (CBN) has disclosed plans to increase the capital base of banks in the country. In his speech at the 2023 Bankers’ Dinner on Friday, CBN Governor Dr Olayemi Cardoso said while there has been stability in the banking sector, banks in the country were not adequately capitalised […]

Reps Back Ongoing Reforms At NNPC Limited, Commend Kyari-Led Management 

(AFRICAN EXAMINER) – The House of Representatives has commended the on-going reforms at the Nigerian National Petroleum Company (NNPC) Ltd, saying that the legislature is very pleased with the company growth from a loss-making company into a profit-making commercial entity.  The commendation came from the Speaker of the House of Representatives, Rt. Hon. Abbas Tajudeen, […]

Oil Prices Drop Further After OPEC+ Delay

(AFRICAN EXAMINER) – Oil prices sank further Thursday after the shock decision by OPEC+ to delay a key policy meeting, suggesting fresh discord in the bloc. Stock markets, meanwhile, traded mixed after two US reports dented recent euphoria over the future of interest rates. Both main crude contracts slid on news that the much-anticipated gathering […]

Petrol Price Increased To N630.63 In October- NBS

(AFRICAN EXAMINER) – The National Bureau of Statistics (NBS), says the average retail price of a litre of petrol increased from N195.29 in October 2022 to N630.63 in October 2023. It made the declaration in its Petrol Price Watch for October 2023 released in Abuja on Wednesday. It stated that the October 2023 price of […]

CIBN Seeks NGX’s Support On Proposed Act Amendment

(AFRICAN EXAMINER) –  The Chartered Institute of Bankers of Nigeria (CIBN) has sought the collaboration and support of the Nigerian Exchange Group Plc for the proposed amendment of the CIBN Act of 2007. The President/Chairman, CIBN, Dr Ken Opara, said this during the closing gong ceremony to commemorate the 60th anniversary of the institute at […]

AfDB Inaugurates Macroeconomic Model For Effective Policy Management In Africa

(AFRICAN EXAMINER) – The African Development Bank (AfDB) Group, has inaugurated the Bank’s Maiden report on “Benchmark Macroeconomic Models for Effective Policy Management in Africa”. Prof. Kevin Urama, the Chief Economist and Vice-President of Economic Governance and Knowledge Management, AfDB, inaugurated the report on the sidelines of the African Economic Conference (AEC) in Addis-Ababa, Ethiopia. […]

IATF: Dangote Seeks Greater Expansion of Trade and Investments in Africa; Shows Strength in Cairo

(AFRICAN EXAMINER) – Africa’s leading entrepreneur and President/CE of the Dangote Industries Limited, Aliko Dangote has called for greater integration of African economies and expansion of trade and investments across the continent to stimulate growth and create employment opportunities. Speaking at the ongoing Intra-African Trade Fair 2023 holding at the Al Manara International Conference Centre, […]

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