(AFRICAN EXAMINER) – The Federation Accounts Allocation Committee (FAAC) gas shared a total sum of N1.354 trillion June revenue among the Federal Government, states and Local Government Councils (LGCs). The revenue was shared at the July meeting of FAAC, held in Abuja and chaired by the Minister of Finance and Coordinating Minister of the Economy, […]
(AFRICAN EXAMINER) – Africa’s richest man Aliko Dangote says the Nigerian National Petroleum Company (NNPC) Limited now owns a 7.2% stake in the Dangote Petroleum Refinery, and not a 20% stake as initially announced before the inauguration of the facility at the Lekki Free Trade Zone. Dangote, who made this known at a press briefing […]
(AFRICAN EXAMINER) – The Shell Petroleum Development Company of Nigeria Limited (SPDC) Joint Venture has significantly expanded its educational initiatives by inducting 27 Nigerian academics and research interns. This year’s programme, a 35% increase from the previous year, welcomed eight professors, four senior lecturers, and 15 other participants. Held at the company’s headquarters in Port […]
(AFRICAN EXAMINER) – Zenith Bank Plc has emerged as the Best Commercial Bank, Nigeria in the World Finance Banking Awards 2024, retaining the award for a fourth consecutive year. The bank was also named as Best Corporate Governance, Nigeria for the third year running in the World Finance Corporate Governance Awards 2024. The awards, which […]
(AFRICAN EXAMINER) – A state-of-the-art ICT centre was on Thursday inaugurated at the Sa’adu Zungur University (formerly Bauchi State University), Gadau in Bauchi State in the latest support for education in Nigeria by The Shell Petroleum Development Company Limited (SPDC) and its joint venture partners – Nigerian National Petroleum Company Limited (NNPC); TotalEnergies and Nigeria […]
(AFRICAN EXAMINER) – The Group Chief Executive Officer of NNPC Limited Mallam Mele Kyari has declared that the drive to bring Compressed Natural Gas (CNG) closer to Nigerians has since commenced and is irreversible. Kyari, who disclosed this on Thursday during the simultaneous commissioning of 12 CNG stations in Abuja and Lagos, said in addition […]
(AFRICAN EXAMINER) – The Central Bank of Nigeria (CBN) has issued a warning to Deposit Money Banks (DMBs) and authorised forex dealers, advising them against rejecting old and lower dollar denominations from customers in the country. According to the apex bank, the directive became necessary as it had been inundated with complaints from customers after […]
(AFRICAN EXAMINER) – The Organisation of the Petroleum Exporting Countries (OPEC) says energy demand will rise by an estimated 23 per cent by 2025. OPEC says the rise will be fueled by a world economy that is expected to double in size, growing from $138 trillion dollars in 2023 to $270 trillion dollars in 2045. […]
(AFRICAN EXAMINER) – The Nigerian Railway Corporation generated N1.42 billion as revenue from passengers in Q1 of 2024, the National Bureau of Statistics (NBS) has said. This is contained in the NBS Rail Transportation Data for Q1 2024 released in Abuja on Monday. The report showed that the figure increased by 84.91 per cent compared […]
(AFRICAN EXAMINER) – The Central Bank of Nigeria (CBN) has issued fresh guidelines to Deposit Money Banks (DMBs) on the deposit of foreign currency notes with the apex bank. This directive was contained in a circular issued by the Director of Currency Operators, Mohammed Solaja and posted on the bank’s website on Friday. CBN disclosed […]
(AFRICAN EXAMINER) – President Bola Tinubu has approved the appointment of Mr Olatunji Bello as the new Chief Executive Officer/Executive Vice-Chairman of the Federal Competition and Consumer Protection Commission (FCCPC), pending confirmation by the Senate. The appointment was announced in a statement on Monday by Chief Ajuri Ngelale, Special Adviser to the President, Media and […]
(AFRICAN EXAMINER) – In yet another major step towards boosting nationwide gas supply to drive industrialization and economic growth, the Nigerian National Petroleum Company Limited (NNPC Ltd) is set to deliver the Obiafu-Obrikom-Oben (OB3) Gas Pipeline project. Group Chief Executive Officer of NNPC Ltd, Mr. Mele Kyari, confirmed this during an inspection tour of the […]
(AFRICAN EXAMINER) – Shell Petroleum Development Company of Nigeria Limited (SPDC) has reaffirmed its unwavering commitment to supporting the socio-economic development of Nigeria, especially in its areas of operations in the Niger Delta. SPDC Director and Head of Corporate Relations, Igo Weli, made the statement in Port Harcourt on Friday at a dinner to celebrate […]
(AFRICAN EXAMINER) – Nigeria’s total public debt is now ₦121.67 trillion ($91.46 billion), the Debt Management Office (DMO) said Thursday. The DMO said as of March 31, 2024, the country’s domestic and external debts stood at ₦121.67 trillion ($91.46 billion). Nigeria’s debt rose by ₦24.33 trillion within three months – from ₦97.34 trillion ($108.23 billion) […]
(AFRICAN EXAMINER) – Nigeria’s inflation rate increased to 33.95 per cent in May 2024, the National Bureau of Statistics disclosed in its latest data. This represents an increase of 0.26% points when compared to the April 2024 headline inflation rate, according to the NBS Consumer Price Index report released on Saturday. The data revealed that […]
(AFRICAN EXAMINER) – In order for the oil and gas industry to achieve its full potential as an enabler of national economic and industrial growth, the Group Chief Executive Officer of the NNPC Limited, Mr. Mele Kyari, has called for the support of the judiciary in tackling the twin challenges of crude oil theft and […]
(AFRICAN EXAMINER) – The global economy is expected to stabilise for the first time in three years in 2024 but at a level that is weak by recent historical standards, says the World Bank. This is contained in a statement issued by the bank’s online media briefing centre on the World Bank’s latest Global Economic […]
(AFRICAN EXAMINER) – The Central Bank of Nigeria (CBN) has again reassured the banking public of the safety of their deposits and the banking system’s resilience. The apex bank’s Acting Director of Corporate Communications Department, Mrs Hakama Sidi-Ali, gave the assurance in a statement on Monday in Abuja. Sidi-Ali’s statement was a response to concern […]
(AFRICAN EXAMINER) – Newly released data by the Nigerian Bureau of Statistics (NBS), has revealed that exports of agricultural goods from Nigeria to other countries, increased by 123 per cent over the value recorded in the fourth quarter of 2023 (₦463.97bn), and also by 270 per cent when compared to the value recorded in Q1, […]
(AFRICAN EXAMINER) – The Senate leadership has described the 650,000bpd Dangote Petroleum Refinery as the 9th wonder of the world but came hard on those who are skeptical of the completion of Dangote Petroleum Refinery describing them as dream killers. Indeed, the Senate President, Godswill Akpabio, who led the leadership of the 10th Senate on […]
