(AFRICAN EXAMINER) – Access Bank Plc has posted a profit before tax (PBT) of N97.49 billion in six months as at June 30. This was stated in the bank’s interim financial statement signed by the Company Secretary, Mr Sunday Ekwochi, posted on the website of the Nigerian Exchange (NGX) Ltd. on Thursday in Lagos. The […]
(AFRICAN EXAMINER) – The Central Bank of Nigeria has directed all commercial banks to publish on their websites the names and Bank Verification Numbers of customers who engage in fraudulent and unscrupulous practices to obtain foreign exchange from banks. In a circular issued by the on Tuesday, the bank outlined the fraudulent practices to include […]
(AFRICAN EXAMINER) – The Eko Electricity Distribution Company has announced to its customers the decision of upward tariff adjustment effective from September 1, 2021. The African Examiner writes that starting from Wednesday September 1, 2021, there are indications that Nigerians will pay more for electricity. This is coming after a directive by the Nigerian Electricity […]
(AFRICAN EXAMINER) – Following the Presidential applause for the Nigerian National Petroleum Corporation (NNPC) on its posting of ₦287bn profit after tax in the 2020 financial year, the Group Managing Director, Mallam Mele Kyari, has given an insight into the measures adopted by his management to achieve the feat. Speaking at a press conference Thursday […]
(AFRICAN EXAMINER) – Chief John Aluya, Vice President, Manufacturers Association of Nigeria (MAN), Lagos Zone, has decried the double taxation imposed on manufacturing companies by Lagos State Government. Aluya criticised the act during the 7th Lagos Corporate Assembly, tagged: ”Babajide Olusola Sanwo-Olu (BOS) Meets Business”, organised by the Lagos State Ministry of Commerce, Industry and […]
(AFRICAN EXAMINER) – The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, on Wednesday received accolades from the House of Representatives Committee on Finance for providing detailed explanations on some burning Oil Industry issues at an interactive session on the 2022-2024 Medium Term Expenditure and Revenue Framework (MTERF) and Fiscal […]
(AFRICAN EXAMINER) – The Petroleum Industry Act (PIA) just accented to by President Muhammadu Buhari will transform the nation’s petroleum industry into a hub of business opportunities, Mallam Mele Kyari, has said. Kyari, who is the Managing Director of the Nigerian National Petroleum Corporation (NNPC), also said the Act will also attract huge capital globally […]
(AFRICAN EXAMINER) – A frontline multinational commercial bank, Access Bank Plc, has reassured customers of its commitment to protecting them from the criminal activities of fraudsters. In a statement made available to the media today, the bank said it has remained committed to educating its customers, informing and protecting them from fraudsters, over the years. […]
(AFRICAN EXAMINER) – Kenyan President Uhuru Kenyatta on Tuesday held talks with visiting Somali Prime Minister Mohamed Roble, with the two leaders agreeing to reset Kenya-Somalia relations after months of strained ties. Kenyatta, who led the Kenyan delegation at the bilateral talks in Mombasa, spoke of the need to collaborate more in areas such as […]
(AFRICAN EXAMINER) – In a bid to strengthen and reposition the Nigerian National Petroleum Corporation (NNPC) towards attaining global excellence and profitability, the Management of the Corporation has announced the promotion and redeployment of some staff to fill key vacant positions. In a statement released by the Corporation’s Group General Manager, Group Public Affairs Division, […]
(AFRICAN EXAMINER) – The Nigerian National Petroleum Corporation (NNPC) has announced a trading surplus of ₦43.57bn in April 2021 representing a 23.64% increase over the ₦35.24bn surplus it recorded in the previous month of March 2021. This is contained in the April 2021 edition of the NNPC Monthly Financial and Operations Report (MFOR), according to […]
(AFRICAN EXAMINER) – As efforts are being intensified for the imminent completion of the multi-billion dollars 650,000bpd Dangote Refinery in Lagos, the project has been described as an inspiration to private sector operators in the country. Excited at the share humongous size of the refinery, Mr. Wale Tinubu, Chief Executive Officer of Oando Plc, leading […]
(AFRICAN EXAMINER) – The Federal Government has reiterated its determination to continue to invest in hydrocarbons despite the global clamour for renewable energy. Nigeria currently has a huge gas reserve of about 600 trillion scf of gas deposit. Delivering an address at the Society of Petroleum Engineers Nigeria Council-44th Nigeria Annual International Conference and Exhibition […]
(AFRICAN EXAMINER) – The Nigerian National Petroleum Corporation (NNPC) has announced that its downstream subsidiary, the Petroleum Products Marketing Company (PPMC), recorded ₦234.63 billion revenue from the sale of white products in the month of March 2021 representing a 24.7% increase from the ₦188.15billion sales recorded in the previous month of February 2021. This is […]
(AFRICAN EXAMINER) – Transnational Corporation of Nigeria Plc (Transcorp) has released its unaudited results for the half-year ended June 2021, recording significant improvement across its major income lines. The Conglomerate with strategic investments in the Power, Hospitality, and Energy sectors, recorded a profit after tax of N6.5bn, rising by 713% up from N0.8bn recorded in […]
(AFRICAN EXAMINER) – Murtala Muhammed Airport, Lagos Terminal Two (MMA2), operated by Bi-Courtney Aviation Services Limited (BASL), has won the award of the MOST COVID-19 COMPLIANT TERMINAL instituted by the League of Airport and Aviation Correspondents’ (LAAC) The presentation took place during the 25th edition of LAAC Annual Conference & Awards held at Sheraton Hotel, […]
(AFRICAN EXAMINER) – The Central Bank of Nigeria has suspended the sales of forex to the Bureau De Change operators in the country with immediate effect. The CBN Governor, Godwin Emefiele, disclosed this after the Monetary Policy Committee two-day meeting in Abuja on Tuesday. The MPC also retained the Monetary Policy Rate at 11.5 per […]
(AFRICAN EXAMINER) – The International Monetary Fund (IMF) has applauded the Government of Côte d’Ivoire for its resolve and preparation of a new National Development Plan, which is aimed at promoting inclusive growth, structural transformation and private sector development. IMF gave the commendation at the conclusion of its 2021 Article IV Consultation with Côte d’Ivoire. […]
(AFRICAN EXAMINER) – The Nigerian Communications Commission (NCC), says it is yet to renew Airtel’s Mobile Operating License. Dr Ikechukwu Adinde, NCC’s Director of Public Affairs, made this known in a statement on Sunday, in Abuja. According to him, the attention of the NCC was drawn to a recent statement on an online publication, credited […]
(AFRICAN EXAMINER) – The Government of Cross River on Friday delivered two aircraft of the state Cally Air to Aero Contractors Company of Nigeria Ltd. to operate and maintain. The aircraft were at Nnamdi Azikiwe International Airport (NAIA), Abuja, before giving them to Aero Contractors. Gov. Benedict Ayade of Cross River said at the event […]
