(AFRICAN EXAMINER) – The National Directorate of Employment (NDE) on Friday in Yenagoa commenced the training of 20 unemployed youths in graphic design and fashion designing. At the opening, NDE Director-General (DG), Mallam Abubakar Fikpo, stated that 740 youths had been selected to undertake the intensive three-month training across the nation. Represented by Mr Aham […]
(AFRICAN EXAMINER) – FBN Holdings Plc, has announced the exit of Mr Tunde Hassan-Odukale as Chairman of its subsidiary, First Bank of Nigeria Ltd., following the completion of his tenure. Consequently, the Board of First Bank appointed Mr Ebenezer Olufowose, a Non-Executive Director, as the new Chairman of the Board of Directors of the Bank. […]
(AFRICAN EXAMINER) – The Central Bank of Nigeria (CBN) has directed deposit money banks and financial institutions to suspend processing fee on deposits till September 30, 2024. In a circular, the apex bank ordered that financial institutions suspend processing charges imposed on cash deposits above N500,000 for individuals and N3,000,000 for corporates. The circular to […]
(AFRICAN EXAMINER) – The Naira on Tuesday depreciated at the official market, trading at N1,416.57 to the dollar. Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), showed that the Naira lost N62.36. This represents a 4.60 per cent loss when compared to […]
(AFRICAN EXAMINER) – The Central Bank of Nigeria (CBN) has set July 7, 2024, as the deadline for Point of Sales (PoS) operators to finish their registration with the Corporate Affairs Corporation (CAC). This directive was issued in a meeting in Abuja between Fintechs and the Registrar-General/Chief Executive Officer (CAC), Hussaini Magaji (SAN). Magaji stated […]
(AFRICAN EXAMINER) – As the nationwide supply and distribution of Premium Motor Spirit (PMS), also known as petrol, continues to improve, the Nigerian National Petroleum Company (NNPC) Limited has once again called on motorists to shun panic buying of the product. In filling stations monitored across several states, including Lagos and the FCT, the queues […]
(AFRICAN EXAMINER) – The Socio-Economic Rights and Accountability Project has warned the Federal Government to reverse the 0.5 per cent cyber security levy imposed by the Central Bank of Nigeria. SERAP also cautioned the federal government that it will deal in legal action against the government if it failed to reverse the levy within a […]
(AFRICAN EXAMINER) – The Central Bank Of Nigeria (CBN), has issued a seven-day deadline for Point of Sales operators, to complete registration with the Corporate Affairs Corporation (CAC). This was revealed during a meeting between Fintechs and the Registrar-General/Chief Executive Officer, CAC, Hussaini Magaji (SAN) in Abuja on Tuesday. Speaking at the event, the CAC […]
(AFRICAN EXAMINER) – Mr Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil), says the quickest way toward economic recovery for Nigeria is through oil and gas investment. Lokpobiri disclosed this in an interview with newsmen on the sideline of the ongoing 2024 Offshore Technology Conference (OTC) in Houston, Texas, on Monday. The minister said […]
(AFRICAN EXAMINER) – Zenpay Limited, a wholly owned subsidiary of Zenith Bank Plc, has signed an Agreement with the African Continental Free Trade Area (AfCFTA) Secretariat for the development and deployment of the SMARTAfCFTA Portal to facilitate trade within the African continent. The agreement which was signed by the Chairman of Zenpay Limited, Dr. Ebenezer […]
(AFRICAN EXAMINER) – The Nigerian Shippers’ Council (NSC) says it is taking immediate measures to remove 616 long-standing export containers trapped in Lagos ports. The Executive Secretary, NSC, Mr Pius Akutah, said this when his team visited the APM Terminal Complex in Apapa, Lagos, on Friday. He expressed concern over the growing number of abandoned […]
(AFRICAN EXAMINER) – The Nigerian Exchange Ltd. (NGX) on Friday recorded 28.14 per cent increase in the value of equity transactions, resulting in investors gaining N467 billion. Specifically, 446.57 million shares valued at N7.10 billion were exchanged in 9,297 deals, in contrast to 665.20 million shares valued at N5.54 billion in 8,446 deals on Thursday. […]
(AFRICAN EXAMINER) – The Naira on Tuesday closed the month of April on a good footing as it gained N28.15 at the official market, trading at N1,390.96 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 gain […]
(AFRICAN EXAMINER) – ) The Nigerian National Petroleum Company Ltd. has assured Nigerians that the ongoing fuel scarcity and queues will be cleared out by Wednesday, April 31. Mr Olufemi Soneye, Chief Communications Officer, NNPCL, told the News Agency of Nigeria (NAN) on Tuesday in Lagos. According to Soneye, the company currently has an availability […]
(AFRICAN EXAMINER) – President Bola Tinubu has said his administration is investing in technology tailored towards ensuring transparency and accountability in government and accelerating public-sector performance and service delivery to the Nigerian people. Speaking during a meeting with Microsoft Founder and Philanthropist, Mr. Bill Gates, on the sidelines of the World Economic Forum Special Meeting […]
(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 […]
