(AFRICAN EXAMINER) – The National Bureau of Statistics (NBS) says prices of beef, tomatoes, beans, garri, yam and other food items increased in August. It made the declaration in its Selected Food Prices Watch report for August 2023 issued in Abuja. The report stated that while the average price of 1kg of boneless beef was […]
(AFRICAN EXAMINER) – The company’s management made the disclosure via a statement on Sunday in Lagos. It said the reduction in cement price was to spur development in the building materials and infrastructure sectors. According to the statement, the gesture is to allow Nigerians to enjoy the benefits of the price reduction before the completion […]
(AFRICAN EXAMINER) – The Nigerian Export Promotion Council (NEPC), says that improved export remains the solution to the free fall of the Naira to the dollar. The Executive-Director of NEPC, Dr Ezra Yakusak, said this at a news conference heralding the Council’s second National Conference on Non-Oil Exports. According to Yakusak, with increased export from […]
(AFRICAN EXAMINER) – Google on Thursday called for applications for the Hustle Academy SMB Fund, a N75 million equity-free fund dedicated to the Nigerian Small and Medium Businesses (SMBs). Head, Brand and Reputation, Sub Saharan Africa, Google, Mojolaoluwa Aderemi-Makinde, said in a statement that the initiative would offer N5,000,000 to 15 Nigerian small business owners. […]
(AFRICAN EXAMINER) – The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has urged stakeholders within the Micro Small and Medium Enterprises’ (MSMEs) ecosystem to create a more supportive environment for MSME’s to grow, thrive and contribute to the economy. The Chief Executive Officer, SMEDAN, Dr Olawale Fasanya, gave the advice at a two-day […]
(AFRICAN EXAMINER) – The Nigeria Economic Summit Group (NESG), says industrial food fortification is a critical strategy for addressing micronutrient deficiency in Nigeria. Mr Dianabasi Akpaninyang, Thematic Lead, Input and Distribution Thematic Group, Agriculture and Food Security Policy Commission, NESG, said this during the group’s visit to Dangote Salt, on Tuesday in Lagos. The News […]
(AFRICAN EXAMINER) – Africa’s foremost Conglomerate, Dangote Industries Limited (DIL) has bagged the Brand of the Year award, in recognition and celebration of the top brand’s outstanding odyssey and consistently rising profile. Marketing Edge, Nigeria’s leading Brands and Marketing publication which honoured Dangote with the award at a grand ceremony held in Lagos, described it […]
(AFRICAN EXAMINER) – The central parity rate of the Chinese currency renminbi, or the Yuan, strengthened two pips to 7.1727 against the dollar on Monday. This is according to the China Foreign Exchange Trade System. In China’s spot foreign exchange market, the Yuan is allowed to rise or fall by two per cent from the […]
(AFRICAN EXAMINER) – The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it will sanction fuel stations operators who alters petroleum pumps. Mr Farouk Ahmed, NMDPRA Chief Executive, said this during an interactive session with commissioners of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) on Friday in Abuja. Ahmed said that petrol stations […]
(AFRICAN EXAMINER) – The Central Bank of Nigeria (CBN), on Thursday, announced the indefinite postponement of the September version of its bi-monthly Monetary Policy Committee (MPC) meeting. CBN Director of Corporate Communications, Isa AbdulMumin, announced the postponement in a statement in Abuja. The News Agency of Nigeria (NAN) reports that the meeting was earlier scheduled […]
–Woos Large Scale Investment At Nigeria-US Executive Business Roundtable (AFRICAN EXAMINER) – In honour of President Bola Tinubu’s determined global push to aggressively attract foreign direct investment into Nigeria, the world’s second largest stock exchange, the National Association of Securities Dealers Automated Quotation System (NASDAQ), on Wednesday in the world’s financial capital, invited the Nigerian […]
(AFRICAN EXAMINER) – The CBN on Wednesday in Abuja unveiled a new online platform for the submission of license applications by microfinance banks. Its Director, Corporate Communications, Mr Isa AbdulMumin, said the platform, known as the CBN Licensing, Approval and Other Requests Portal (CBN LARP), would be the place to process applications. AbdulMumin said the […]
—-ExxonMobil Pledges 40,000bpd In New Nigerian Production In The Short Term (AFRICAN EXAMINER) – President Bola Tinubu played host to a delegation consisting of the global leadership of an Oil & Gas transnational giant, ExxonMobil, on Monday in New York, where he made his position known that Nigeria is no longer settling for crumbs and […]
(AFRICAN EXAMINER) – The central parity rate of the Chinese currency renminbi, or the Yuan, strengthened 3 pips to 7.1733 against the U.S. Dollar on Tuesday, according to the China Foreign Exchange Trade System. In China’s spot foreign exchange market, the Yuan is allowed to rise or fall by two per cent from the central […]
(AFRICAN EXAMINER) – The Nigeria Extractive Industries Transparency Initiative (NEITI) said the oil and gas industry generated over $23billion in 2021. The Executive Secretary of NEITI, Dr Orji Ogbonnaya-Orji said this while presenting highlights on the 2021 Oil and Gas report unveiled on Monday in Abuja. According to Ogbonnaya Orji, the revenue sources included sales […]
—As Indian Investors Pledges $14b Investment (AFRICAN EXAMINER) – President Bola Tinubu on Wednesday said Nigeria offers the best returns on investment while commending Indian investors for investment pledges amounting to nearly $14 billion Tinubu spoke during the Nigeria-India Presidential Roundtable and Conference in New Delhi, India, saying, “we are ready to give you the […]
(AFRICAN EXAMINER) – A new data released by the National Bureau of Statistics (NBS) showed that Nigeria generated N1.49 trillion as the aggregate revenue from Value-Added Tax (VAT) in the first half of 2023. The NBS on Monday stated that on the aggregate, VAT for the second quarter of 2023 was reported at N781.35 billion, […]
(AFRICAN EXAMINER) – Renowned economist and Chairman of United Bank for Africa Plc, Tony Elumelu, has refuted claims that President Tinubu intends to make him the substantive governor of the Central Bank of Nigeria (CBN). The African Examiner recalls that there are rumours that President Bola Tinubu has shortlisted Elumelu as one of the candidates […]
(AFRICAN EXAMINER) – President Bola Tinubu administration on Monday said it inherited a bad economy with an unacceptable high rate of employment The administration, however, assured Nigerians that it would not rely on borrowing to raise funds to fix the country while pledging to be transparent, honest and accountable to the people. Briefing State House […]
(AFRICAN EXAMINER) – Nigeria’s unemployment rate dropped to 4.1% in the first quarter of 2023 from 5.3% in the fourth of 2022, the National Bureau of Statistics (NBS) has said. This was contained in a report titled, ‘Nigeria Labour Force Statistics Report Q4 2022 & Q1 2023’ which was released on Thursday by the NBS. […]
