(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 […]
(AFRICAN EXAMINER) – The exchange rate for US dollar to Nigerian nairas is currently 1,600.7991 today, reflecting about -0.432% change since yesterday. Over the past week, the value of the US dollar has remained relatively stable, with a -2.094% decrease compared to its value 7 days ago. During the past week, the exchange rate of […]
(AFRICAN EXAMINER) – ) The Dangote Refinery has announced another reduction in the gantry price of Premium Motor Spirit (PMS), commonly known as petrol, from N865 to N835 per litre. Anthony Echiejina, the Group Chief Branding and Communications Officer of Dangote, disclosed this in a statement on Wednesday in Lagos. Echiejina said that the price […]
(AFRICAN EXAMINER) – Access Holdings Plc. says it generated N642.22 billion as profit for the year ended Dec. 31, 2024. This is a 3.7 per cent increase from the N619.32 billion it generated in 2023. The company made this known in a corporate disclosure through the Nigerian Exchange Group on Wednesday in Lagos. It also […]
(AFRICAN EXAMINER) – As predicted by economists,Nigeria’s headline inflation rate rose to 24.23% in March 2025, according to the official government data source, the Nigeria Bureau of Statistics (NBS). The rise in the country’s inflation rate, from 23.18% back in February 2025 to 24.23% in March 2025, reflected a major increase in the rising commodity […]
(AFRICAN EXAMINER) – Odeiga Jideonwo, President of Enugu Chamber of Commerce, Industry, Mines and Agriculture (ECCIMA), has said the 36th edition of the Enugu International Trade Fair is the most successful in recent time. He stated this on Monday during the closing ceremony of the Fair, which kicked off April 4. According to him, the […]
(AFRICAN EXAMINER) – A subsidiary of Nigeria’s Access Holdings PLC, Access Bank PLC, has secured approvals from the Central Bank of Kenya (CBK) and Kenya’s National Treasury and Economic Planning for the acquisition of 100% shareholding of the National Bank of Kenya (NBK). According to a statement issued by the CBK on Monday, Access Bank […]
(AFRICAN EXAMINER) – The US dollar plunged against the euro and other main rivals again on Thursday after President Donald Trump abruptly paused higher tariffs on all countries except China, adding to investor uncertainty. The greenback lost over one percent against the European single currency, as markets also expected data later in the day to […]
(AFRICAN EXAMINER) – The Central Bank of Nigeria (CBN) has announced a Balance of Payments (BOP) surplus of 6.83 billion dollars for the 2024 financial year. According to a statement issued by Hakama Sidi-Ali, CBN’s Director, Corporate Communications Department, this marks a decisive turnaround from deficits of 3.34 billion dollars in 2023 and 3.32 billion […]
(AFRICAN EXAMINER) – The Nigeria Deposit Insurance Corporation NDIC, has assured Nigeria’s Depositors that the organization would continue to remain consistent in playing its role in maintaining financial stability to ensure that they do not suffer loss but instead get prompt compensation should banks fail. Its Director General, Bello Hassan, gave the assurance Wednesday during […]
(AFRICAN EXAMINER) – Excited with the industrial revolution being spearheaded by Dangote Group in Nigeria, and the entire globe, Enugu Chamber of Commerce, Industry, Mines and Agriculture, ECCIMA has called on the Federal Government of Nigeria, to assist the companies under its conglomerate to enable them keep growing and “bring smile to the faces of […]
(AFRICAN EXAMINER) – Shell Nigeria Gas (SNG) and NNPC Gas Marketing Limited (NGML) have rehabilitated the Ilogbo road in Ado-Odo Otta local government area of Ogun State. Following the rehabilitation, Ogun State officials have commended the companies for their partnership in reconstructing the key community road. The 4.5km road provides access to some 75 communities […]
