(AFRICAN EXAMINER) – Nigeria’s local currency is currently exchanging above 2,000 naira against the Great Britain Pound at the parallel market. A Bureau de Change operator at Wuse Zone 4, Malam Ibrahim, confirmed the rates on Monday. He said, Yes it is true, we are currently selling above N2,000 for the pounds and it is […]
(AFRICAN EXAMINER) – Bitcoin spiked above $50,000 Tuesday for the first time in more than two years as investors grow optimistic that US approval of broader trading in the unit will ramp up demand. The cryptocurrency has enjoyed a strong run in recent months, fuelled by expectations US lawmakers would allow the creation of exchange-traded […]
(AFRICAN EXAMINER) – The Association of Corporate & Marketing Communications Professionals in Nigeria Banks (ACAMB) has extended its deepest condolences to Access Holdings Group on the tragic passing of its CEO, Dr. Herbert Wigwe, CFR. Recall that Dr. Herbert Wigwe, along with his wife, Doreen, and their son, Chizi, lost their lives in a tragic […]
(AFRICAN EXAMINER) – Access Holdings Plc on Monday announced the appointment of Ms. Bolaji Agbede as the Acting Group Chief Executive Officer. This follows the death of its former Group Chief Executive Officer, Dr. Herbert Wigwe. Wigwe died in a helicopter crash alongside his wife, son, and a former chairman of the Nigeria Exchange Group, […]
(AFRICAN EXAMINER) – The International Monetary Fund, IMF, has stated Nigeria’s foreign reserves came down to a record low of $24 billion in 2024 from $33 billion last year. The IMF’s latest country report for Nigeria stated this on Monday in his report as it talked about the looming challenges for Africa’s largest economy. According […]
(AFRICAN EXAMINER) – Shell Petroleum Development Company of Nigeria Limited says it has completed the supply of over 475,000 barrels of crude oil to the Port Harcourt Refining Company Limited (PHRC), through its Bonny Oil & Gas Terminal (BOGT). This, according to a statement signed by the Media Relations Manager, Abimbola Essien-Nelson, is in furtherance […]
(AFRICAN EXAMINER) – The Central Bank of Nigeria, (CBN), Olayemi Cardoso has implored Nigerians to cut down on their demand for forex. “We must moderate our demands for forex. Where there are opportunities to substitute locally, so we should.” the CBN governor said during an appearance before the Senate Joint Committees on Finance, Banking and […]
(AFRICAN EXAMINER) – The Nigerian Communications Commission has said that the interconnect debt dispute between MTN Nigeria Communications Plc and Globacom Limited has been resolved. In a statement on Thursday, NCC’s spokesman, Reuben Muoka, said the disconnection approval granted to MTN for the disconnection of Globacom has now been withdrawn. “The Nigerian Communications Commission is […]
(AFRICAN EXAMINER) – The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd.), Mallam Mele Kyari, and the Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, have reviewed the decision of the NNPC Ltd. to domicile a significant portion of its revenues and other banking services with the […]
(AFRICAN EXAMINER) – Pan-African Television broadcaster MultiChoice Group has disclosed that its subsidiaries have reached a settlement with Nigerian tax authorities and have agreed to pay a total tax of about $37.3 million. According to a report by Reuters, the broadcaster said, “The total tax amount of $35.4 billion which MultiChoice Nigeria and MultiChoice Africa […]
(AFRICAN EXAMINER) – Africa’s Global Bank, United Bank for Africa (UBA) Plc, has announced the appointments of Ms. Mary Mulili and Mr Mohamed Alhajie Samoura, as the new Managing Directors/Chief Executive Officers of its subsidiaries in Kenya and Sierra Leone respectively. Ms. Mulili’s appointment marks a significant milestone for UBA Kenya, as it coincides with […]
(AFRICAN EXAMINER) – President of the Republic of Senegal, His Excellency Macky Sall, has described Aliko Dangote, President of Dangote Group, as a blessing to Senegal and Africa as a whole. He lauded the entrepreneurial and philanthropic activities of the frontline businessman and said, the highest civilian award in Senegal, the National Order of the […]
(AFRICAN EXAMINER) – The Federal Government has commended the leading roles being played by the Dangote Group to complement government’s efforts to diversify the nation’s economy and the company’s dedication to promotion of best practices in all its operations. The commendation came even as the Ogun State government said the Dangote Cement is a key […]
(AFRICAN EXAMINER) – The Central Bank of Nigeria (CBN) has ordered Deposit Money Banks (DMBs) to sell their excess dollar stock latest February 1, 2024, as part of moves to stabilise the nation’s volatile exchange rate. In a new circular released on Wednesday, the apex bank also warned lenders against hoarding excess foreign currencies for […]
(AFRICAN EXAMINER) – The Nigerian National Petroleum Company Limited (NNPC Ltd) has held talks with a South Korean consortium led by Daewoo E & C on the development of gas projects in Nigeria. The Group Chief Executive Officer of NNPC Ltd, Mr Mele Kyari, led the company’s team to the discussions which were held in […]
(AFRICAN EXAMINER) – Microsoft is laying off 1,900 people, or eight percent of staff, from its gaming division as it consolidates the blockbuster buyout of “Call of Duty” maker Activision Blizzard. In a memo to employees reported by US media The Verge on Thursday, the head of Microsoft’s gaming division Phil Spencer said the cuts […]
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 […]
