(AFRICAN EXAMINER) – The $550 million upstream gas project between the NNPC Ltd and TotalEnergies on the development of the Ubeta field has taken off, the Presidency announced on Tuesday. Special Adviser to the President on Energy, Olu Verheijen, disclosed this during an inaugural US-Nigeria Strategic Energy Dialogue, hosted by the U.S. State Department in […]
(AFRICAN EXAMINER) – Nigeria’s largest container terminal, APM Terminals, Apapa, has over the past four years, recorded continuous increase in its export volumes. The APM Terminals Apapa Manager, Mr Steen Knudsen, made this known in a statement in Lagos on Monday. Knudsen described non oil export cargo as an integral part of the terminal’s business. […]
(AFRICAN EXAMINER) – The NNPC Ltd has released estimated prices of Petrol obtained from the Dangote Refinery in its retail stations across the country. The NNPC Ltd also stated that, in line with the provisions of the Petroleum Industry Act (PIA), PMS prices are not set by the Government, but negotiated directly between parties on […]
(AFRICAN EXAMINER) – The Nigerian National Petroleum Company (NNPC) Ltd. on Saturday deployed more than 100 trucks to Dangote Refinery for petrol lifting. The NNPC Ltd. in a post on its X handle on Saturday said that the mobilising of trucks to the refinery’s fuel loading gantry was in preparation for the scheduled petrol loading […]
…Presidential Committee on Flooding Also Donates N1bn Chairman of Aliko Dangote Foundation (ADF) and Chairman, National Committee on Flood Relief and Rehabilitation, Mr. Aliko Dangote, has donated a whopping sum of one billion Naira to help assuage the pains of the Maiduguri flood victims in Borno State. The Presidential Committee on Flood Relief and Rehabilitation […]
(AFRICAN EXAMINER) – The Nigerian Exchange Ltd.(NGX) market capitalisation, on Friday, closed positive with N248 billion gain. Specifically, the market capitalisation added N248 billion or 0.44 per cent to its opening of N55.754 trillion to close at N56.002 trillion. The All-Share Index also gained 0.44 per cent or 432 points to close at 97,456.62 points, […]
(AFRICAN EXAMINER) – The House of Representatives has asked Guaranty Trust Bank (GTB) to remit Value Added Tax (VAT) on the commission received from Remita between 2015 and 2022 to the Federal Government recovery account. The Chairman, Public Accounts Committee (PAC), of the lower chamber, Rep. Bamidele Salam (PDP- Osun), gave the directive on Thursday […]
(AFRICAN EXAMINER) – The Nigerian National Petroleum Company Limited (NNPC Ltd.) and its Joint Venture (JV) partner, Chevron Nigeria Ltd. (CNL), have concluded the conversion of five of its JV assets into the Petroleum Industry Act (PIA) terms. The NNPC Ltd. said the development was in line with the PIA 2021 provisions of transiting assets […]
(AFRICAN EXAMINER) – Atiku Abubakar, former vice-president, has kicked against plans by the President Tinubu’s government to increase the value-added tax (VAT) from 7.5 percent to 10 percent. Atiku, taking to his social media accounts on Sunday described the move as a “regressive and punitive policy”. “President Bola Tinubu, alongside his coterie of advisers, has […]
(AFRICAN EXAMINER) – The Nigerian National Petroleum Company Limited (NNPCL) has denied undermining the recent launching and marketing of the petrol produced by the Dangote Refinery Limited (DRL) even as it said that the corporation is not the sole off taker in the industry. This is contained in a statement issued and signed by the […]
(AFRICAN EXAMINER) – The Bank of Industry (BOI) has received €1.425 billion from the senior phase of its global loan syndication- representing a 42.5 per cent oversubscription from international financial markets. BOI made this known in a statement, saying that this is the senior phase of another landmark transaction for the bank tapping the syndicated […]
(AFRICAN EXAMINER) – For the first time, Nigerians will gain a clear understanding of the country’s actual fuel consumption, according to Aliko Dangote, President of Dangote Group. This announcement comes as Dangote officially confirmed the rollout of Premium Motor Spirit (PMS), commonly known as petrol, from the world’s largest single-train refinery with a capacity of […]
(AFRICAN EXAMINER) – President Bola Tinubu has approved the appointment of chairman and members of the board of the Bank of Industry Limited. According to a statement issued on Monday by Special Adviser to the President on Media and Publicity, Chief Ajuri Ngelale, those appointed are: (1) Dr. Mansur Muhtar, OFR, — Chairman (2) Dr. […]
(AFRICAN EXAMINER) – Statistics released by the Central Bank of Nigeria (CBN) have revealed that Nigeria’s Letter of Credit payments dropped by 57 per cent in the first seven months of 2024. According to the CBN’s weekly International Payments Data published on its website, the country’s Letter of Credit payments dropped to $391.91m from $912.35m […]
(AFRICAN EXAMINER) – The rising inflation rate will force Nigerian households to spend the largest amounts of their earnings on food in the next six months, a recent survey by the Central Bank of Nigeria (CBN) has shown. This is as the most recent report by the National Bureau of Statistics (NBS) puts the inflation […]
(AFRICAN EXAMINER) – NNPC Ltd has acknowledged recent reports in national newspapers regarding the company’s significant debt to petrol suppliers. This financial strain has placed considerable pressure on the company and poses a threat to the sustainability of fuel supply. A statement issued by the company’s spokesperson, Femi Soneye stated that “ In line with […]
(AFRICAN EXAMINER) – The Nigerian Export Promotion Council (NEPC) says Nigeria’s non-oil export sector recorded impressive growth in the first half of 2024, generating 2.7 billion dollars in revenue. The Executive Director of NEPC, Nonye Ayeni, said this while presenting progress report on Nigeria’s non-oil export performance on Wednesday in Abuja. Ayeni said that the […]
By Temitope Ajayi (AFRICAN EXAMINER) – By his advanced age and eminent status as a former Vice President of Nigeria, Alhaji Atiku Abubakar is by no means qualified to be an elder statesman. Statesmen are highly venerated and revered people to whom we go for advice, guidance and direction. But sometimes, Alhaji Atiku Abubakar behaves […]
(AFRICAN EXAMINER) – The Manufacturers Association of Nigeria (MAN) is uncomfortable with the present interest rate on loans for its members and needs a further reduction to one per cent, an official has said. Chief Bioku Rahman, the outgoing Chairman of MAN in Kwara and Kogi, disclosed this in Ilorin on Tuesday while speaking during […]
(AFRICAN EXAMINER) – The Nigerian National Petroleum Company Limited (NNPC Ltd.) has begun shipment of Liquefied Natural Gas (LNG) cargoes to Japan and China on Delivered Ex-Ship (DES) basis. Mr Olufemi Soneye, Chief Corporate Communications Officer, NNPC Ltd., quoted Mr Segun Dapo, the Executive President, Downstream, NNPC Ltd., as saying this in a statement in […]
