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Buhari Hails BUA Chairman Re-Appointment As President France-Nigeria Council

(AFRICAN EXAMINER) – President Muhammadu Buhari has congratulated Abdul Samad Rabiu, Chairman of BUA Group, on his reappointment as President of the France-Nigeria Business Council by French the President, Emmanuel Macron.  According to a statement issued and issued by Senior Special Assistant to the President on Media and Publicity, Mallam Garba Shehu, Buhari commended Rabiu […]

Bayelsa Expresses Worry Over Aiteo’s Failure To Check Oil Leak

(AFRICAN EXAMINER) – The Bayelsa Government has expressed worry over Aiteo Production Company’s failure to plug the leaks at its oil field in Nembe, two weeks after the incident was reported. The government’s reaction is contained in a statement issued on Friday by the Commissioner for Information, Orientation and Strategy, Mr Ayibaina Duba, and made […]

Over 7,000 Apply For Houses Online In Seven Days, Says Fashola

(AFRICAN EXAMINER) –  The Works and Housing Minister, Mr. Babatunde Fashola , has revealed that 7,315 applications were received for the purchase of houses under the National Housing Programme, within the first week of launching the online portal. The Director of Press and Public Relations, Mrs Boade Akinola, disclosed this to newsmen in a statement […]

FG, States, LGCS Share N739.96bn For Sept Allocation

(AFRICAN EXAMINER) – The Federation Accounts Allocation Committee (FAAC) has shared to the three tiers of government, N739.965 billion as federation allocation for September. According to a statement from Mr Oshundun Olajide, Deputy Director (Information), Ministry of Finance, Budget and National Planning late on Thursday, the meeting was held through a Virtual Conference. “From the […]

CAC Set To Block Fraudulent Registration Applications- Abubakar

(AFRICAN EXAMINER) – The Corporate Affairs Commission (CAC) has expressed determination to block suspected fraudulent applications aimed at registering new companies similar to existing ones trying to take over lands belonging to others. CAC, in a statement issued on Sunday in Abuja, by its Head of Media, Mr Rasheed Mahe, said that high incidence of […]

BREAKING: CBN Suspends Sale Of Forex To Bureau De Change Operators

(AFRICAN EXAMINER) – The Central Bank of Nigeria has suspended the sales of forex to the Bureau De Change operators in the country with immediate effect. The CBN Governor, Godwin Emefiele, disclosed this after the Monetary Policy Committee two-day meeting in Abuja on Tuesday. The MPC also retained the Monetary Policy Rate at 11.5 per […]

NNPC To Acquire Equity In Private Refineries To Safeguard National Energy Security

(AFRICAN EXAMINER) – The Nigerian National Petroleum Corporation has revealed that it is currently considering equity participation in a number of private refineries in the country in line with a Federal Government policy directive which stipulates the mandatory participation of the Corporation in any privately-owned refinery that exceeds 50,000 barrels per day capacity in keeping […]

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 […]

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 […]

Nigeria Will Emerge Major Gold Producer in West Africa –Minister

By Eric Ojo, Abuja (AFRICAN EXAMINER) – Minister of Mines and Steel Development, Olamilekan Adegbite has declared that Nigeria will soon become a major gold producing hub in the West African sub-region. The minister said the development will diversify the country’s revenue away from crude oil and create jobs for its teeming youthful population. In […]

Atiku Raises Alarm Over Nigeria’s Rising Debt Profile, Financial Crisis

(AFRICAN EXAMINER) – Former Vice President, Alhaji Atiku Abubakar, has lamented the increasing rate of Nigeria’s rising debt profile. The former PDP presidential candidate stated this in a statement via his official Twitter page on Tuesday, stressing that Nigeria is in a financial crisis. He stated: “Nothing has shocked me in my entire life in […]

AfDB Approves $288.5m For Nigeria to Tackle COVID-19

(AFRICAN EXAMINER) – The Board of Directors of the African Development Bank has approved 288.5 million dollars loan to help Nigeria tackle the COVID-19 pandemic and mitigate its impact on people and businesses. The bank’s Communications and External Relations Department made this known in a statement on Saturday. It explained that the loan would bolster […]

Nigerian Lawmakers to Probe Privatisation Of Power Sector

  (AFRICAN EXAMINER) – The House of Representatives Committee on Power, says the House has concluded plans to investigate all privatisation in the sector to ensure that the challenges being presently faced are resolved. Rep. Magaji Aliyu, Chairman of the Committee said on Friday in Abuja when he led othe members on an oversight function […]

NNPC to Unveil COVID-19 Contacts Tracing App

… Deploys Online Petroleum Products Procurement Solutions (AFRICAN EXAMINER) – In line with the Transparency, Accountability and Performance Excellence (TAPE) agenda of the present Leadership of the Nigerian National Petroleum Corporation (NNPC), and the commitment to continually deploy Information and Communications Technology (ICT) for the purposes of operational efficiency and accountability within the corporation’s system, […]

NDDC’s Forensic Audit Takes off

(AFRICAN EXAMINER) – The forensic audit of the Niger Delta Development Commission, NDDC, is aimed at restoring sanity and prudence in the management of the Commission and will ensure the rapid development of the Niger Delta region. Speaking while handing over the preliminary report and documents of the verification exercise to the lead consultants of […]

NNPC Posts N13.23billion Trading Surplus in October

… Records 81 Per cent Drop in Pipeline Vandalism  (AFRICAN EXAMINER) – The Nigerian National Petroleum Corporation (NNPC) has announced a trading surplus of ₦13.23billion in October 2019, representing an increase of 54 percent vis-à-vis the ₦8.59billion surplus posted in September last year. The NNPC, in a release signed by its Acting Group General Manager, […]

NLNG Train 7 Receives Boost with Gas Supply Agreement

…To Generate $9bn for FG, 10,000 Direct Jobs (AFRICAN EXAMINER) – A critical step towards the realization of the Train 7 Project of the Nigeria Liquefied Natural Gas (NLNG) was taken Friday in Abuja with the signing of a Gas Supply Agreement between the company and major gas producers. Speaking on the significance of the […]

Buhari Orders CBN To Blacklist Firms Smuggling Banned Products

(AFRICAN EXAMINER) – President Muhammadu Buhari has directed the Central Bank of Nigeria (CBN) to blacklist firms caught involving in sharp practices such as smuggling and dumping banned goods into the country. Also asked to be sanctioned are the owners and top management of such firms dealing in 43 banned products from entering Nigeria. The CBN […]

Why Naira Remain Stable Despite Election Spending

(AFRICAN EXAMINER) – Aminu Gwadabe, President, Association of Bureau De Change Operators of Nigeria (ABCON), has identified factors that kept the naira immune from election spendings. Gwadabe told the News Agency of Nigeria (NAN) on Friday in Lagos that internal control mechanisms of the electoral umpire contributed greatly to checkmating political spendings as the naira […]

BREAKING: Nigeria Suspends Proposed National Carrier, Nigeria Air

By Victor Okunola (AFRICAN EXAMINER) – After two months of its debut, the Federal Government FG has temporarily suspended the National Carrier Project – which offshoot is the recently unveiled Nigeria Air. The Minister of State for Transport (Aviation) Senator Hadi Sirika announced the suspension Wednesday on his Twitter Handle – @hadisirika “I regret to announce that the Federal Executive […]

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