(AFRICAN EXAMINER) – Oil prices sank further Thursday after the shock decision by OPEC+ to delay a key policy meeting, suggesting fresh discord in the bloc. Stock markets, meanwhile, traded mixed after two US reports dented recent euphoria over the future of interest rates. Both main crude contracts slid on news that the much-anticipated gathering […]
(AFRICAN EXAMINER) – The National Bureau of Statistics (NBS), says the average retail price of a litre of petrol increased from N195.29 in October 2022 to N630.63 in October 2023. It made the declaration in its Petrol Price Watch for October 2023 released in Abuja on Wednesday. It stated that the October 2023 price of […]
(AFRICAN EXAMINER) – The Chartered Institute of Bankers of Nigeria (CIBN) has sought the collaboration and support of the Nigerian Exchange Group Plc for the proposed amendment of the CIBN Act of 2007. The President/Chairman, CIBN, Dr Ken Opara, said this during the closing gong ceremony to commemorate the 60th anniversary of the institute at […]
(AFRICAN EXAMINER) – The African Development Bank (AfDB) Group, has inaugurated the Bank’s Maiden report on “Benchmark Macroeconomic Models for Effective Policy Management in Africa”. Prof. Kevin Urama, the Chief Economist and Vice-President of Economic Governance and Knowledge Management, AfDB, inaugurated the report on the sidelines of the African Economic Conference (AEC) in Addis-Ababa, Ethiopia. […]
(AFRICAN EXAMINER) – Africa’s leading entrepreneur and President/CE of the Dangote Industries Limited, Aliko Dangote has called for greater integration of African economies and expansion of trade and investments across the continent to stimulate growth and create employment opportunities. Speaking at the ongoing Intra-African Trade Fair 2023 holding at the Al Manara International Conference Centre, […]
(AFRICAN EXAMINER) – The GCEO, NNPC Ltd, Mele Kyari has charged stakeholders within the Nigerian oil and gas industry to adapt, evolve and lead in the ever-changing global energy landscape. Kyari gave this charge on Tuesday while delivering an Industry address at the opening ceremony of the 41st Nigerian Association of Petroleum Explorationists (NAPE) Conference […]
(AFRICAN EXAMINER) – The Central Bank of Nigeria has shifted the validity of the old N200, N500 and N1,000 notes indefinitely . The apex bank’s Director, Corporate Communications, Isa AbdulMumin in a statement titled, “CBN To Allow Old Design Naira Banknotes As Legal Tender, Ad Infinitum” on Tuesday, stated that the decision is in line […]
(AFRICAN EXAMINER) – Following a peace deal brokered on Sunday by the Nigerian National Petroleum Company Limited, NNPCL, between the Management of Total Energies, operator of the NNPC/Total JV, the Petroleum and Natural Gas Senior Staff Association, (PENGASSAN) and the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), the unions have agreed to suspend […]
(AFRICAN EXAMINER) – The Government of Saudi Arabia has pledged to invest in the revamp of Nigeria’s refineries, as well as provide financial support to sustain the government’s foreign exchange reforms. Saudi Crown Prince, HRH Mohammed bin Salman made these pledges at a bilateral meeting with President Tinubu on the sidelines of the Saudi-Africa Summit […]
(AFRICAN EXAMINER) – The African Export-Import Bank (Afreximbank) (www.Afreximbank.com), in collaboration with the African Union Commission (AUC) and the African Continental Free Trade Area (AfCFTA) Secretariat, has released an impressive list of 71 sponsors of the third Intra-African Trade Fair (IATF2023), Africa’s premier trade and investment event, taking place in Cairo from 9 to 15 […]
(AFRICAN EXAMINER) – The Nigerian National Petroleum Company Limited (NNPC Ltd.) has provided insight into how the lingering conflict between Russia and Ukraine has impacted Nigerian crude oil inflows in the international oil market, leading to a dip in demand from the once-dependable Asian market at the onset of hostilities in the Eastern bloc. Maryamu […]
(AFRICAN EXAMINER) – The Central Bank of Nigeria (CBN) has again assured Nigerians of sufficient naira notes in the country, and warned against panic withdrawals. The apex bank, in a statement on Wednesday, reiterated that old and new naira notes remained legal tender. “For the avoidance of doubt, while reiterating that there are sufficient banknotes […]
(AFRICAN EXAMINER) – The NNPC/ Aiteo Joint venture has announced the introduction of Nembe Crude Oil Grade, a new crude oil grade into the international crude oil market. The announcement of the Nembe Crude Oil Blend, produced by Aiteo, the Operator of the NNPC/Aiteo Oil Mining Lease (OML) 29 Joint Venture (JV), was made at […]
(AFRICAN EXAMINER) – The Nigerian National Petroleum Company Limited (NNPCL) will continue to collaborate with the Nigeria Extractive Industries Transparency Initiative (NEITI) and all relevant stakeholders in the Reconciliation Committee set up by President Bola Tinubu to investigate, review and reconcile the financial records on alleged indebtedness to the Federation by both NNPC Limited and […]
(AFRICAN EXAMINER) – President Bola Tinubu says his administration is committed to providing the necessary support for Micro, Small, and Medium Enterprises (MSMEs) to unlock their full potential and ensure their long-term success. Tinubu, said this at the 2023 Edition of the Lagos International Trade Fair (LITF), organised by the Lagos Chamber of Commerce and […]
(AFRICAN EXAMINER) – Unity Bank Plc has recorded gross earnings of N38 billion for the nine-month period ended Sept. 30, 2023. The bank said this in its unaudited results released to the Nigerian Exchange Group (NGX) Ltd. in Lagos. The bank’s customer deposits appreciated by five per cent to N344.4 billion within the period, indicating […]
(AFRICAN EXAMINER) – The Central Bank of Nigeria (CBN), has assured Nigerians that there is adequate supply of Naira notes in the economy. The bank’s Director, Corporate Communications, Isa AbdulMumin, said this in a statement on Thursday in Abuja. The News Agency of Nigeria (NAN) reports that some bank customers in recent times have been […]
(AFRICAN EXAMINER) – Zenith Bank Plc has announced its unaudited results for the third quarter ended 30 September 2023, recording a remarkable triple-digit growth of 114% from N620.6 billion reported in Q3 2022 to N1.33 trillion in Q3 2023. This performance demonstrates the Group’s resilience and strong market share despite a very challenging macroeconomic environment. […]
(AFRICAN EXAMINER) – The Small and Medium Enterprise Development Agency of Nigeria (SMEDAN) says it will reward top MicroFinance Banks (MFBs) in loan recovery under the One Local Government One Product (OLOP) scheme. The Director-General of SMEDAN, Mr Charles Odii, said this during the Stakeholders Meeting/Signing of Memorandum of Agreement (MoA) on the implementation of […]
(AFRICAN EXAMINER) – The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), has inaugurated a Climate and Green Energy Desk (SCGED) to help Small and Medium Enterprises (SMEs) tackle climate change effects. The newly- appointed Director-General of SMEDAN, Mr Charles Odii, said this at inuaguration of the desk on Tuesday in Abuja. Odii said […]
