(AFRICAN EXAMINER) – This was contained in a statement jointly released by the Association of Licensed Telecom Operators of Nigeria (ALTON) and the Association of Telecommunication Companies of Nigeria (ATCON) on Thursday. The statement was co-signed by ALTON’s Chairman, Gbenga Adebayo; and ATCON’s President Tony Emoekpere. The telcos called upon the government to take decisive […]
(AFRICAN EXAMINER) – The Nigerian National Petroleum Company Limited (NNPC Ltd) has clarified that the tightness in the supply of Premium Motor Spirit currently being experienced in some areas across the country is as a result of logistics issues and that they have been resolved. It also reiterated that the prices of petroleum products are […]
(AFRICAN EXAMINER) – The Federal Competition and Consumer Protection Commission (FCCPC) says the recent price increases in MultiChoice cable subscriptions will reviewed by relevant stakeholders to ensure subscribers in Nigeria get value for their money. During the interview, he provided an update on the summons issued to the owner of a Chinese store in Abuja […]
(AFRICAN EXAMINER) – The Nigerian equity market on Wednesday experienced a downturn, losing N673 billion in market capitalisation due to sell-offs in major stocks like MTN Nigeria and Transcorp Hotel Specifically, the market capitalisation shed 1.20 per cent or N673 billion to close at N55.494 trillion, compared to 56.167 trillion recorded on Tuesday. The All-share […]
(AFRICAN EXAMINER) – Dangote Petroleum Refinery has again announced a further reduction in the prices of both diesel and aviation fuel to N940, N980 per litre respectively. This is coming in the wake of its widely celebrated price reduction to N1,000 barely two weeks ago. The price change of N940 applies to customers buying five […]
(AFRICAN EXAMINER) – ) The share value of FBN Holdings Plc on the stock market fell by 84.32 per cent on Monday, following the announcement of Mr Olusegun Alebiosu as the Managing Director of its subsidiary, First Bank of Nigeria. The appointment followed the resignation of the former Managing Director of the bank, Mr Olusola […]
…Pledges To Transform Nigeria Into Gas-Powered Nation (AFRICAN EXAMINER) – Group Chief Executive Officer, NNPC Ltd, Mr. Mele Kyari has been honoured with the Energy Times’ GCEO of the Year Award in recognition of his commitment to accountability, transparency, and performance excellence. Chief Corporate Communications Officer of the Company, Mr. Olufemi Soneye received the award […]
(AFRICAN EXAMINER) – Bearish sentiment persisted on banking stocks at the equity market on Friday, making the value of transactions traded on the floor of the Nigerian Exchange Ltd.(NGX) down by 2.60 per cent. Analysis of the market activities indicated trade turnover settled lower relative to the previous session. Specifically, investors transacted a total of 257.86 […]
(AFRICAN EXAMINER) – The Central Bank of Nigeria (CBN) governor Yemi Cardoso says the apex bank’s FX reforms have made the naira the best-performing currency globally. Nigeria’s currency lost massively against major currencies in the past few months. But Cardoso, who spoke on Saturday in a briefing on the sidelines of the just-ended World Bank/IMF […]
(AFRICAN EXAMINER) – The National Bureau of Statistics (NBS), says the average price of 5kg cooking gas increased from N6,154.50 recorded in February 2024 to N6,591.62 in March 2024. This is contained in the Bureau’s “Cooking Gas Price Watch’’ for March 2024 released on Friday in Abuja. The report said the March price represented a […]
(AFRICAN EXAMINER) – The International Monetary Fund (IMF) says economic growth in Sub-Saharan Africa (SSA) is projected to rise from 3.4 per cent in 2023 to 3.8 per cent in 2024. Abebe Selassie, Director, African Department, IMF, said this at a news briefing on the IMF’s Regional Economic Outlook for SSA titled “A Tepid and […]
(AFRICAN EXAMINER) – The Federal Road Safety Corps (FRSC) Kaduna State Sector Command, said it has arrested a BUA Company driver who crushed six persons to death and 30 others injured on Kano-Zaria road . The Sector Commander, Mr Kabir Nadabo, confirmed the incident to the News Agency of Nigeria (NAN),on Friday in Kaduna. Nadabo […]
(AFRICAN EXAMINER) – The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has said that it was important to clear about $7bn foreign exchange backlog to restore the confidence of investors. He stated this on Wednesday in Washington DC where he is attending the IMF-World Bank Spring Meetings. “I thought it was very […]
(AFRICAN EXAMINER) – A coalition of foreign and Nigeria based agro companies led by Shine Bridge Incorporated has indicated interest to partner with the Federal Government on large scale commercial cassava processing and food manufacturing. Shine Bridge is a U.S.-based agricultural policy think-tank and food technology transfer company. Dr Tony Bello, Chairman, Shine Bridge, spoke […]
(AFRICAN EXAMINER) – The Association of the Bureau De Change Operators of Nigeria (ABCON) says the Nigerian currency Naira has appreciated faster than expected against the United States’ Dollar. Gwadabe said as of Tuesday afternoon, the BDC operators buy the dollar at N980/$1 and sell at N1,020/$1, as against the official rate of N1161/$1 by […]
(AFRICAN EXAMINER) – The Nigeria Deposit Insurance Company (NDIC) has reassured Nigerian depositors that it remains unwavering in its commitment to prompt reimbursement to depositors affected by failed banks in the country. Managing Director/Chief Executive of NDIC, Mr Bello Hassan stated this on the occasion of NDIC’s Special Day at the ongoing 35th Enugu International […]
(AFRICAN EXAMINER) – The Naira on Friday experienced huge appreciation at the official market, trading at N1,142.38 to the dollar. Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that the Naira gained N88.23. This represents a 7.16 per cent gain when […]
(AFRICAN EXAMINER) – ANAMMCO, a Nigerian Commercial Vehicle Company, has urged governments at all levels and corporate organisations to prioritise patronage of locally vehicles to create employment and boost nation’s economy. General Manager of ANAMMCO, Ms Chinelo Igwe, made the call while addressing newsmen Thursday at the ongoing 35th Enugu International Trade Fair. The fair, […]
(AFRICAN EXAMINER) – Zenith Bank Plc has announced its audited results for the year ended December 31, 2023, achieving a remarkable triple-digit growth of 125% in gross earnings from NGN945.6 billion reported in 2022 to NGN2.132 trillion in 2023. According to the audited financial results for the 2023 financial year presented to the Nigerian Exchange […]
(AFRICAN EXAMINER) – The Central Bank of Nigeria (CBN) said it has sold a total of $10, 000 to 1, 588 Bureau De Change (BDC) operators to meet retail market demand for eligible invisible transactions. A statement by the apex bank on Monday said the $10, 000 sale was at the rate of N110/$1, adding […]
