AFRICAN EXAMINER) – Microsoft joined Apple on Wednesday as a three trillion dollar company, as its big bet on artificial intelligence continued to impress Wall Street. Now second to Apple as the world’s biggest company by market capitalization, Microsoft’s shares were up 1.31 percent at $404. Apple remains narrowly in first place at $3.02 trillion […]
(AFRICAN EXAMINER) – The Dangote Petroleum Refinery and Petrochemicals has registered three oil marketers’ associations for distribution of diesel and aviation fuel. In a post on X (formerly Twitter) on Tuesday, the company owned by Africa’s richest man, Aliko Dangote, listed the three distribution groups as boasting of 75 percent of the total market in […]
(AFRICAN EXAMINER) – The Nigerian Ports Authority (NPA) has taken trade facilitation a notch higher with the berthing at the Lekki Deep Seaport of the largest container carrier to sail on Nigerian territorial waters on Sunday 21st January, 2024. The vessel measuring 367M in length over all christened “Maersk Edirne” has a Breadth of 48.2 and […]
(AFRICAN EXAMINER) – Abuja Electricity Distribution Plc (AEDC), on Thursday, 18th January, 2023, consolidated its lead in the provision of integrated power solutions with the signing of a tripartite agreement with Daystar Power Solutions Limited (Daystar Power) and The Wood Factory Limited (Wood Factory), to pioneer the delivery of its first grid-connected and solar hybrid […]
(AFRICAN EXAMINER) – The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd.), Mr. Mele Kyari has called for collaboration between the academia and the Oil & Gas Industry towards addressing the challenges of energy sufficiency and sustainability. Kyari made this call while speaking as a Guest Lecturer during the 2024 […]
(AFRICAN EXAMINER) – The Central Bank of Nigeria (CBN) says it paid approximately $2 billion across various sectors, including manufacturing, aviation, and petroleum in its bid to clear the backlog of outstanding foreign exchange liabilities. The apex bank said it has also cleared up the entire liability of 14 banks and started settlements with foreign […]
(AFRICAN EXAMINER) – The World Trade Organization’s chief Ngozi Okonjo-Iweala on Wednesday said she was “less optimistic” about world trade in 2024, pointing to tensions in the Red Sea. She said weaker global economic growth, “worsening geopolitical tensions, the new disruptions we see in the Red Sea, on the Suez Canal, the Panama Canal” meant […]
(AFRICAN EXAMINER) – The Nigerian National Petroleum Company Limited, NNPCL has stated that it uncovered no fewer than 83 illegal refineries in the Niger Delta in the last seven days. The NNPCL announced this on its X handle on Tuesday. According to the company, it found 15 illegal pipeline connections in the same period. “In […]
(AFRICAN EXAMINER) – Shell said it has reached an agreement to sell its Nigerian onshore subsidiary, the Shell Petroleum Development Company of Nigeria Limited (SPDC), to Renaissance. Renaissance is a consortium of five firms made up of four exploration and production companies based in Nigeria and also an international energy group. “Completion of the transaction […]
(AFRICAN EXAMINER) – African Export-Import Bank (Afreximbank) has successfully arranged a syndicated US$3.3 billion crude oil prepayment facility sponsored by the Nigerian National Petroleum Company Limited (NNPCL). An initial disbursement of US$2.25 billion has been made. A second tranche of US$1.05 billion is expected to be disbursed subsequently. United Bank for Africa Plc (UBA) acted […]
(AFRICAN EXAMINER) – The Nigerian Export-Import Bank has unveiled an online portal tagged ‘cocoaconnectafrica.com,’ to create market linkage among farmers, aggregators, and buyers in the cocoa value chain in Africa. Mr Abubakar Bello, the Managing Director/Chief Executive Officer, NEXIM Bank, made this announcement on the sideline of one-day International Cocoa and Chocolate Forum 2024, on […]
(AFRICAN EXAMINER) – The Central Bank of Nigeria (CBN) has sacked the boards of Union Bank, Polaris Bank and Keystone Bank. The apex bank in a statement signed by its Acting Director of Corporate Communications, Sidi Hakama, said “this action became necessary due to the non-compliance of these banks and their respective boards with the […]
(AFRICAN EXAMINER) – Dangote Petroleum Refinery, on Thursday, received the fifth crude oil shipment of one million barrels of Bonny Light supplied by the Nigerian National Petroleum Corporation Limited (NNPCL), on Thursday. The company is already preparing to welcome the 6th one million crude oil cargo to the refinery, by next week. This latest development is […]
Alamu said that farmers in Oyo, Niger and Kano states had been exposed to diversity of seeds of cowpea, sorghum accessions and other seeds conserved in the genebank. The National Centre For Genetic Resources and Biotechnology (NACGRAB), says Nigeria will soon witness sufficiency and price reduction in food commodities. The NACGRAB Acting Director, Dr Anthony […]
(AFRICAN EXAMINER) – The Nigerian Navy has stated that operatives across the country have found a total of 803 barrels of crude oil valued at N105bn in 2023. The service also disclosed that a total of 703 illegal refining sites, 690 Cotonou boats laden with stolen crude, and 116 speed boats were damaged by its […]
(AFRICAN EXAMINER) – The Debt Management Office (DMO) said Nigeria’s total public debt as at September 30, 2023 was N87.91trn or $114.35bn. The DMO, in a statement on Wednesday, stated that the amount represented domestic and external debts of the Federal Government, the 36 state governments and the Federal Capital Territory, Abuja. The debt office […]
(AFRICAN EXAMINER) – Zenith Bank Plc has been listed in the World Finance 100 2023 released by World Finance Magazine, achieving the feat as the only Nigerian company in the prestigious and exclusive listing. Zenith Bank’s inclusion in this elite list underscores the bank’s outstanding achievements and resilience in a dynamic and competitive global market. […]
(AFRICAN EXAMINER) – The Nigerian National Petroleum Company Ltd. (NNPC Ltd.) has signed a Memorandum of Understanding (MoU) with TotalEnergies for the adoption and deployment of a methane detection technology known as Airborne Ultralight Spectrometer for Environmental Application (AUSEA) in all its upstream operations. With the agreement, which is a direct benefit from the Company’s […]
(AFRICAN EXAMINER) – Abdul Imoyo, Head of Media Relations, Access Holdings, dies Mr Abdul Kolawole Imoyo, a quintessential corporate media manager and journalist, is dead. Imoyo, until his death, was the Head of Media Relations at Access Holdings. A statement sad he died in the early hours of Sunday, December 17, 2023, at the First […]
(AFRICAN EXAMINER) – President Bola Tinubu has assured foreign investors of ease in the repatriation of funds as the Federal Government ramps up efforts to attract more businesses to the country. Tinubu spoke on Friday when he received Letters of Credence from the Ambassador of Hungary, Lorand Endreffy; the High Commissioner of Rwanda, Christophe Bazivamo, […]
