(AFRICAN EXAMINER) – MultiChoice Nigeria has reduced the price of its DStv decoder by 50 per cent, dropping it from ₦20,000 to ₦10,000. The company stated that this move is targeted to attract more customers and reduce declining subscriptions. According to the firm’s Chief Executive Officer, John Ugbe, in a statement issued on Tuesday, the […]
(AFRICAN EXAMINER) – The Nigerian Ports Authority (NPA), has projected N1.279 trillion revenue for the 2025 fiscal year which is 40 per cent higher than N865 billion projected for 2024 and even surpassed. Managing Director of NPA, Dr Abubakar Dantsoho made this known during the authority’s 2025 budget defence before the Senate Committees on Marine […]
(AFRICAN EXAMINER) – Shareholders of Dangote Cement on Monday were full of praise for the Board, Management, and staff of the company after approving a dividend payout of N502.6 billion, which translates to N30 kobo per share at the 2024 Annual General Meeting, held in Lagos on Monday. In the same vein, the company also […]
(AFRICAN EXAMINER) – The latest batch of undergraduates from Nigerian universities have commenced their Student Industrial Work Experience Scheme (SIWES) with Shell Nigeria Exploration and Production Company Limited (SNEPCo) using the opportunity to acquire practical knowledge and skills in the oil and gas industry. This was contained in a press release issued by Shell Communications […]
(AFRICAN EXAMINER) – In furtherance of its National Food Intervention programme, the Aliko Dangote Foundation has commenced the distribution of 40,000 bags of rice in all the 20 local government areas in Ogun State government, with priority to People Living with disabilities and other vulnerable in the State .Speaking during the flag-off of the distribution […]
(AFRICAN EXAMINER) – Zenith Bank Plc, Nigeria’s biggest bank by Tier-1 Capital, has assured shareholders and investors of its readiness to satisfy all relevant conditions to exit the Central Bank of Nigeria’s (CBN) regulatory forbearance by June 30, 2025. The bank also expressed confidence in meeting shareholders’ dividend expectations in the 2025 financial year. The […]
(AFRICAN EXAMINER) – Oil marketers under the auspices of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) have cried out to the Federal Government and industry regulators including the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to curb the expansion moves by the Dangote Refinery to distribute petrol and diesel freely to […]
(AFRICAN EXAMINER) – The Association of Securities Dealing Houses of Nigeria (ASHON) has expressed concern over the Central Bank of Nigeria’s (CBN’s) recent circular temporarily suspending dividend payments by banks. Mr Sam Onukwue, Chairman of ASHON in a statement on Tuesday, said that the directive, issued June 13, was said to ensure compliance with regulatory […]
(AFRICAN EXAMINER) – US President Donald Trump pocketed more than $57 million from token sales by the crypto venture he and his sons helped launch last year, according to federal financial disclosure forms released by the White House. The more than 230-page document issued by the Office of Government Ethics, dated Friday, lists the US […]
(AFRICAN EXAMINER) – The Nigerian National Petroleum Company Limited (NNPC Ltd.) has announced a revenue of N5.89 billion and a Profit After Tax (PAT) of N748 billion for the month of April. The NNPC Ltd. disclosed this in its Monthly Report Summary for April, released on Thursday. The report highlights key statistics, including crude oil […]
(AFRICAN EXAMINER) – The Debt Management Office (DMO) , on behalf of the Federal Government, has offered two FGN Savings Bonds for subscription at N1,000 per unit According to a statement by the DMO on Monday in Abuja , the first offer is a two-year FGN Savings Bond due on June 11, 2027 at interest […]
(AFRICAN EXAMINER) – Mauritania’s former economy minister Sidi Ould Tah was on Thursday elected to succeed Nigeria’s Akinwumi Adesina as president of the African Development Bank (AfDB) and tackle the withdrawal of US financing from the institution. In 2015 Adesina took six rounds of voting to become Africa’s “super banker” but Tah, 60, secured the […]
(AFRICAN EXAMINER) – Africa’s foremost humanist and Chairman of Aliko Dangote Foundation, Aliko Dangote, has pledged to invest greater funds in the upliftment of vulnerable populations across Nigeria and Africa, as part of his philanthropic efforts to give back to the society. Dangote spoke on the sidelines of the TIME100 Impact Dinner held at ASPIRE […]
(AFRICAN EXAMINER) – Shell Nigeria Exploration and Production Company Ltd (SNEPCo) has said Nigerian companies have a lot to benefit if they are prepared to take advantage of more opportunities in its offshore and shallow water oil and gas projects. Speaking at the 5th Nigerian Oil and Gas Opportunity Fair (NOGOF) in Yenagoa, Bayelsa State, […]
(AFRICAN EXAMINER) – The Chinese Ambassador to Nigeria, Yu Dunhai, has revealed that plans are underway to establish electric vehicle factories and other manufacturing ventures in Nigeria. Dunhai disclosed this to the Minister of Solid Minerals, Dr Dele Alake at a recent bilateral meeting. This is contained in a statement by Alake’s Special Assistant on […]
(AFRICAN EXAMINER) – The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has confirmed Nigeria’s admission into the European Bank for Reconstruction and Development (EBRD). This development aims to support Nigeria’s ongoing economic reform efforts. This is contained in a statement on Thursday by Mr Mohammed Manga, Director of Information and […]
(AFRICAN EXAMINER) – The World Bank has said that Nigeria’s economy recorded its fastest growth in about a decade in 2024, driven by a strong fourth quarter and an improved fiscal position. During a presentation on Monday, the bank’s lead economist for Nigeria, Alex Sienaert, said Nigeria’s economy grew by 4.6% year-on-year in the fourth […]
(AFRICAN EXAMINER) – As part of ongoing efforts to promote mutually beneficial partnerships and foster healthy competition, the Nigerian National Petroleum Company Limited (NNPC Ltd.) and Dangote Petroleum Refinery & Petrochemicals (DPRP) have pledged to deepen collaboration. This partnership is aimed at ensuring Nigeria’s energy security and advancing shared prosperity for Nigerians. This commitment was […]
(AFRICAN EXAMINER) – A new report, christened Palm oil Barometer 2025: Procurement for Prosperity, developed by an international Civil Society organization, Solidaridad and co-signed by various smallholder representatives and experts has called for a fundamental shift in global palm oil procurement practices. The report emphasizes the need for equitable value distribution to support smallholder farmers […]
(AFRICAN EXAMINER) – Nigeria loses more than N2 billion yearly because of poor power supply, the United Nations Development Programme announced. The UNDP Resident Representative, Elsie Attafuah, made this known on Monday in the “First National Legislative Conference and Expo on Renewable Energy’ done in Lagos. The event was organised by the House of Representatives […]
