(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 […]
(AFRICAN EXAMINER) – The dollar rose in Asia on Tuesday, fuelled by hopes for trade deals to avert Donald Trump’s sweeping tariffs, while equities mostly rose as investors await the Federal Reserve’s latest policy decision. Oil also staged a comeback after tanking on news of an output hike by key producers that came despite growing […]
(AFRICAN EXAMINER) – The Standards Organisation of Nigeria (SON) has issued Mandatory Conformity Assessment Programme (MANCAP) Certification for excellence to 54 companies’ brands in Enugu State. Presenting the MANCAP certificates in Enugu on Friday, the Director-General of SON, Dr Ifeanyi Okeke, reaffirmed the Agency’s commitment to enable more companies, especially Micro, Small and Medium Enterprises […]
(AFRICAN EXAMINER) – A new batch of 52 trainee engineers have successfully completed their Dangote Petroleum Refinery Graduate Trainee Programme and are now set to be inducted into the refinery as employees. The trainee engineers in the field of Chemical Engineering, Electrical/Electronic Engineering and Mechanical Engineering finished their training with presentation and defense of their […]
(AFRICAN EXAMINER) – The Enugu State Caucus in the House of Representatives has thrown its weight behind the federal government’s plan to concession the Akanu Ibiam International Airport, Enugu. They described it as a potential catalyst for the South East economy, applauding the federal government for the initiative. The federal lawmakers, however, urged the government […]
(AFRICAN EXAMINER) – The Nigerian Exchange Ltd. (NGX) on Thursday listed Legend Internet Plc, a Nigerian telecommunications company. Legend’s N2 billion ordinary shares, with a par value of 50 kobo each, were listed at N5.64 per share. The Chairman of NGX Group, Dr Umaru Kwairanga, who welcomed Legend’s board and management, commended the company for […]
(AFRICAN EXAMINER) – A federal high court in Abuja on Wednesday gave permission to the Economic and Financial Crimes Commission (EFCC) to arrest and detain six Crypto Bridge Exchange (CBEX) promoters concerning allegations of investment fraud which got to the tune of over one billion dollars. Emeka Nwite, the presiding judge, gave the directive after […]
(AFRICAN EXAMINER) – The International Monetary Fund (IMF), has urged Nigeira to be prudent in spending following implementation of hard economic reforms that has made it to save more revenue. The Director, Fiscal Affairs Department IMF, Vitor Gaspar, said this at a Fiscal Monitor news conference at the ongoing 2025 IMF/World Bank Spring Meetings in […]
(AFRICAN EXAMINER) – Stock market investors traded 1.525 billion shares worth N43.006 billion in 51,156 transactions this week on the floor of the Nigerian Exchange Ltd. This is in contrast to 2.094 billion shares valued at N52.967 billion that exchanged hands last week in 64,612 deals. Consequently, the value of transactions traded by investors on […]
(AFRICAN EXAMINER) – As part of measure to use modern technology to boost it’s services, especially in the University Communities, First bank Nigeria limited, has launched a Digital Xperience Centre, at the University of Nigeria Nsukka UNN, saying the system is self service and would address issue of queues inside the banking halls. Speaking Wednesday […]
