(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 […]
(AFRICAN EXAMINER) – The Central Bank of Nigeria (CBN) has injected $197.71 million to boost market liquidity and stability in the foreign exchange market. The boost comes as global markets reel in shock with the tariffs imposed by United States President Donald Trump. The American president recently imposed a 14% import tariff on products from […]
(AFRICAN EXAMINER) – The Enugu Chamber of Commerce, Industry, Mines and Agriculture (ECCIMA) has urged government and financial institutions in the country to remove all bottlenecks hindering Small and Medium Enterprises (SMEs) access to funds. Mr. Odeiga Jideonwo, President of ECCIMA, stated this Friday in Enugu in his address at the opening of the 36th […]
(AFRICAN EXAMINER) – President Bola Tinubu has appointed Mr. Ayo Sotinrin as the new Managing Director of the Bank of Agriculture. This was contained in a press release issued on Friday by Special Adviser to the President, Information and Strategy, Mr. Bayo Onanuga. Sotinrin brings a diverse and extensive background in the private and public […]
(AFRICAN EXAMINER) – Following the appointment of the Group Chief Executive Officer and Board of Directors, the Nigerian National Petroleum Company Limited (NNPC Ltd) has announced the appointment of a new 8-man Senior Management Team on Friday. The team which will be headed by the GCEO, Mr Bashir Bayo Ojulari, has Rowland Ewubare as Group […]
(AFRICAN EXAMINER) – The new Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd), Bayo Ojulari, has officially taken over the reins of the company from his predecessor, Mr. Mele Kyari. In a brief handover ceremony held at the NNPC Towers on Friday, the GCEO commended Kyari for his contributions to […]
(AFRICAN EXAMINER) – The Management of the Nigeria National Petroleum Company Limited (NNPC Ltd.) has welcomed the appointment of its new Group Chief Executive Officer (GCEO) Mr Bayo Ojulari, and Board of Directors by President Bola Tinubu. Mr Olufemi Soneye, Chief Corporate Communications Officer, NNPC Ltd., in a statement on Wednesday appreciated the outgoing GCEO, […]
(AFRICAN EXAMINER) – Nigeria’s Net Foreign Exchange Reserve (NFER) as of the end of 2024 stood at $23.11 billion, the highest level in over three years, reflecting a substantial improvement in the country’s external liquidity, reduced short-term obligations, and renewed investor confidence. According to a statement by the Central Bank of Nigeria (CBN), the increase […]
(AFRICAN EXAMINER) – Nigeria’s gas production will likely remain flat in the second quarter of this year, the Society of Energy Editors (SEE) has projected in its Second Quarter 2025 Outlook for the Nigerian Energy Sector. Gas flaring penalties might tighten, forcing operators to invest more in gas utilisation, as the Second Quarter Outlook also […]
(AFRICAN EXAMINER) – The UAC of Nigeria has reported a profit before tax of N26 billion for 2024, marking a 107 per cent increase from the N12 billion recorded in 2023. The company disclosed this in a corporate filing with the Nigerian Exchange Ltd. on Saturday. In 2024, UAC recorded earnings per share of 497 […]
