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Don’t Halt Deregulation Of Petrol, CSOs Tell FG

A Coalition of Nigerian Civil Society Organizations for Petroleum and Energy Security (CONCSOPES) on Saturday sought the sustenance of  deregulation of the price of the Premium Motor Spirit (PMS).  Speaking in a press conference in Abuja, the convener, Mr. Timothy Ademola, noted that a reversal of the deregulation that started in March 2020 will lead […]

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NIRSAL Facilitates Over N148 Billion In Finance For Agricbusiness

Photo: Managing Director/CEO NIRSAL, Mr Aliyu Abdulhameed (AFRICAN EXAMINER) – The Nigeria Incentives- Based Risk Sharing System For Agricultural Lending (NIRSAL) has stated that it has  helped in providing over N148 billion in finance and investments for agriculture and agribusiness. The Managing Director of NIRSAL, Mr Aliyu Abdulhameed disclosed this in Lagos on Thursday in […]

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NNPC Says No Increase in Fuel Price in February

(AFRICAN EXAMINER) – In spite of the rise in the price of crude oil in the international market, the Nigerian National Petroleum Corporation (NNPC) has ruled out any increment in the ex-depot price of Premium Motor Spirit (petrol) in February, 2021. This was disclosed in a press release by the Group General Manager, Group Public […]

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Senate Summons CBN Governor, DG SEC Over Crypto currency Ban

(AFRICAN EXAMINER) – The Senate has mandated its Committees on Banking, Insurance and Other Financial Institutions, ICT and Cybercrimes and Capital Market to invite the Governor of the Central Bank of Nigeria, Godwin Emefiele to brief it on the recent ban on crypto currency in the country. The Senate also invited the Director General of […]

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Identification: CBN Directs Banks, Others, To Accept Travel Documents, Refugee ID Card

(AFRICAN EXAMINER) –  The Central Bank of Nigeria (CBN) has directed commercial banks and other financial institutions to, henceforth, accept Machine Readable Travel Documents (MRCTD) and Refugee Identification Card, as means of identification for financial transactions. The directive was given by Dr Kevin Amugo, Director, Finance Policy Regulation Department, on Wednesday, in Abuja, through a […]

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NNPC Rallies Industry Stakeholders For Upstream Cost Optimization

(AFRICAN EXAMINER) – The Nigerian National Petroleum Corporation (NNPC) has called on stakeholders in the oil and gas industry to join in working towards reducing operations cost to achieve the $10 or less per barrel production cost target. A press release by the Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, stated that […]

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Firstbank Hits Over 86,000 Firstmonie Agents, Empowers More Nigerians

(AFRICAN EXAMINER) – In furtherance of the need to promote the business activities of its foremost agent banking platform – Firstmonie Agents – Nigeria’s leading financial inclusion services provider, First Bank of Nigeria Limited, has announced the provision of loan facilities – up to one million naira – to its banking agents. The Bank currently […]

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Cryptocurrencies Unchecked Prone To Financial Crimes, says CBN

(AFRICAN EXAMINER) –   Following reactions trailing a recent Central Bank of Nigeria (CBN) directive to Deposit Money Banks  (DMBs) to desist from cryptocurrencies transactions, the apex bank has clarified that the intention is to ensure accountability. Making the clarification in a statement in the CBN official  website, Mr Osita Nwanisobi, the bank’s Acting Director […]

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CBN Orders Banks, Others To Close Crypto Currency Accounts

(AFRICAN EXAMINER) -The Central Bank of Nigeria (CBN) has directed all Deposit Money Banks (DMBs), Non-Bank Financial Institutions (NBFIs) and Other Financial Institutions (OFls) to close the accounts used for crypto currency operations. The CBN in a circular BSD/DIR/GEN/LAB/14/001 issued on Friday, ordered all financial institutions “to identify persons and/or entities transacting in or operating […]

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INTERVIEW: How Heineken Team At Nigeria Breweries Stole My Blueprint On Effective Power Supply -Eng. Agu

(AFRICAN EXAMINER) – Kenechukwu Agu is an Electrical/ Electronics Engineer. He is also the Chief Executive Officer (CEO), EvanPower  Engineering limited. In this interview with Our  Correspondent,  Ignatius Okpara, he spoke on how his Blueprint, which he referred to as his intellectual property was alledgdly  “stolen” by Heineken via the Nigerian Breweries.  The Blueprint which […]

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Group Frowns At Fresh Dubai Airport COVID-19 Protocols For Nigerian Passengers

(AFRICAN EXAMINER) – The National Association of Nigeria Travel Agencies (NANTA) has decried the latest COVID-19 protocol from Dubai Airport Authority requesting Nigerian passengers to undergo a rapid response COVID-19 antigen test before departure to Dubai. NANTA also expressed shock at UAE’s insistence that Nigerians bound to Dubai must fly only Emirates airlines, foreclosing and […]

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Peace Mass Transit To Media: Only Publish Verified Information on Accident Cases

(AFRICAN EXAMINER) – The management of peace Mass transit (PMT) company, has appealed to members of the public and the media, to always publish only veried information on issues concerning road accidents so as not to cause unnecessary panic and tension among victims’ families. This was contained in a statement issued by Mr. David Okoroafor, […]

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NNPC Pledges Support For $3.6bn Brass Methanol Plant

(AFRICAN EXAMINER) – The Nigerian National Petroleum Corporation (NNPC) says it would do everything within its powers to ensure the timeous completion of the $3.6bn Integrated Gas Processing and Methanol Plant in Odioma, Brass Island, Bayelsa State. The Group Managing Director of NNPC, Mallam Mele Kyari, made the commitment at the signing of the Final […]

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SON Destroys Over 6000 Expired, Substandard Tyres

(AFRICAN EXAMINER) – The Standards Organisation of Nigeria (SON), on Thursday, destroyed over 6,000 expired and substandard imported tyres confiscated in Port Harcourt, Rivers. Supervising the destruction in Enugu, Mr Obinna Manafa, the Director, Inspectorate and Compliance Directorate of SON, said that the destruction was to prevent access of such tyres into the markets and […]

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Shelter Gap: Sanwo-Olu Woos Private Investors, Promises Enabling Environment

(AFRICAN EXAMINER) – ) Gov. Babajide Sanwo-Olu of Lagos State, has promised a conducive business climate for investors participating in the mass housing initiative of his administration to bridge the huge shelter gap. Sanwo-Olu made the pledge while inaugurating the 252 units of the first environment friendly estate in Idale in Badagry Local Government Area […]

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Despite High Taxes, Nigerians Provide Water, Electricity, Others For Themselves – Adesina

(AFRICAN EXAMINER) – President of the African Development Bank, AfDB, Akinwumi Adesina, has kicked at the  situation where Nigerians pay high taxes and still provide basic infrastructure for themselves. The former Nigeria’s minister of agriculture disclosed this on Thursday at the first national tax dialogue organized by the Federal Inland Revenue Services (FIRS). Adesina satted […]

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Analysts Say Nigeria’s Economic Outlook In 2021 Will Be Challenging But …

(AFRICAN EXAMINER) – Some analysts have made projections on the trajectory of the nation’s economy in 2021, saying  the year will be challenging but there will be light at the end of the tunnel. They spoke during an interactive zoom webinar by the Nigerian-British Chamber of Commerce with theme, “ 2021 Economic Outlook’’. Mr Bismarck […]

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Chevron Denies Responsibility Over Bayelsa Oil Spill

(AFRICAN EXAMINER) – Chevron Nigeria Limited (CNL) declared on Friday that reported leaks near its operational areas at Funiwa offshore facilities off the Atlantic coast was not from its facilities and pledged to support regulators in tracing the source. The fishermen around the Atlantic Ocean coastline reported an oil leak suspected to be from the […]

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Climate Change Effects: Expert Recommends Mitigation, Adaptation Strategies

(AFRICAN EXAMINER) – An agrometeorologist, Dr Adewale Adetayo, has recommended mitigation and adaptation strategies as part of measures to reduce the effects of climate change on the environment. Adetayo, who works at the Institute of Agricultural Research and Training (IAR &T), Ibadan, made the recommendation in an interview on Thursday in Ibadan. He said mitigation […]

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2021 Appropriation: Experts Okay Monitoring, Supervision For Excellent Budget Performance

By Tajudeen Balogun, Head, Nigeria Bureau, Lagos (AFRICAN EXAMINER) – Business institutions and budget specialists in the country have agreed to constitute implementation, monitoring and supervision body, so as to influence the economic policies makers to be more proactive, disciplined and efficient, as well as ensure excellent budget performance in every fiscal year. The Abeokuta Business […]

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