Posted by African Examiner
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Tuesday, March 11th, 2025
(AFRICAN EXAMINER) – Oil marketers have cried out about the negative impacts of unstable prices of Premium Motor Spirit or petrol in the country on their businesses. President of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), Billy Gilly-Harris raised concern during Channels Television’s Business Morning on Tuesday. According to him, fluctuating petrol […]
Posted by African Examiner
Business News, Latest Headlines
Tuesday, March 11th, 2025
(AFRICAN EXAMINER) – Following a motion of urgent public importance, the House of Representatives has passed a resolution calling for the suspension of the increase in Automated Teller Machine (ATM) transaction charges and the stoppage of free ATM withdrawals for customers from other banks in Nigeria. The motion moved by a member, Marcus Onobun, drew […]
Posted by African Examiner
Business News, Featured, Latest Headlines, News Around Africa
Monday, March 10th, 2025
(AFRICAN EXAMINER) – The Economic Community of West African States (ECOWAS) has reaffirmed its commitment to empowering Micro, Small, and Medium-sized Enterprises (MSMEs) as key drivers of regional economic growth and development. ECOWAS Commissioner for Economic Affairs and Agriculture, Mrs Massandjé Toure-Litse, stated this during a meeting of the ECOWAS Small-Scale Business Coalition (ESBC) in […]
Posted by African Examiner
Business News, Latest Headlines
Monday, March 10th, 2025
(AFRICAN EXAMINER) – Petrol imports surged by 105.3%, hitting ₦15.42 trillion in 2024. The latest data by the National Bureau of Statistics (NBS) on the foreign trade statistics, revealed that the increase was from N7.51trn recorded in 2023. The development comes despite current increasing domestic refining capacity, and the ongoing rehabilitation of state-owned refineries. In […]
Posted by African Examiner
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Sunday, March 9th, 2025
(AFRICAN EXAMINER) – As the world celebrates International Women’s Day 2025, Africa’s Global Bank, United Bank for Africa (UBA) continues to reinforce its unwavering commitment to gender diversity, equality, and empowerment. This year’s IWD global theme, “Accelerate Action”, aligns perfectly with UBA’s drive to champion inclusion and create meaningful opportunities for women in the workplace. […]
Posted by African Examiner
Business News, Featured, Latest Headlines
Friday, March 7th, 2025
(AFRICAN EXAMINER) – The NNPC Gas Marketing Ltd. (NGML), and NIPCO Gas Ltd., have signed an agreement with Ssonic Petroleum Ltd. to supply natural gas to the company’s proposed Liquefied Natural Gas (LNG) plant in Lagos State. NGML, a subsidiary of the NNPC Ltd. and its Unincorporated Joint Venture (UJV) partner, NIPCO, executed the Gas […]
Posted by African Examiner
Business News, Latest Headlines
Thursday, March 6th, 2025
(AFRICAN EXAMINER) – Crude oil prices continue to slip as the naira maintains its stability against the dollar in the foreign exchange market. Oil prices fell about two per cent to a 12-week low this week amid reports that OPEC+ will proceed with a planned oil output increase in April. Brent futures fell $1.19, or […]
Posted by African Examiner
Business News, Latest Headlines
Tuesday, March 4th, 2025
(AFRICAN EXAMINER) – Bitcoin’s price plunged nearly 10 percent on Monday as an escalating trade war and uncertainty over creation of a US crypto reserve fund sent investors running from risk. After jumping on US President Donald Trump’s talk of creating a national cryptocurrency reserve, bitcoin and similar digital assets dove in the face of […]
Posted by African Examiner
Business News, Latest Headlines
Tuesday, March 4th, 2025
(AFRICAN EXAMINER) – Competition for market share continues to heighten between the Dangote Refinery and the Nigeria National Petrol Company Limited, as the latter has slashed Premium Motor Spirit’s price to ₦860 per litre. The price cut by the NNPCL comes just a few days after Dangote announced that it would absorb N16bn loss by […]
Posted by Rotimi Fadeyi
Business News, Featured, Latest Headlines
Monday, March 3rd, 2025
(AFRICAN EXAMINER) – Shell companies in Nigeria underlined their participation at the 8th Nigeria International Energy Summit (NIES) in Abuja with a high-profile exhibition that hosted dignitaries among them the Minister of State for Petroleum Resources (Oil) Senator Henieken Lokpobiri. This was contained in a statement signed by Shell Media Relations Manager, Gladys Afam-Anadu The […]
Posted by African Examiner
Business News, Featured, Latest Headlines
Sunday, March 2nd, 2025
(AFRICAN EXAMINER) – The Chairman of United Bank for Africa (UBA) Group and Founder of the Tony Elumelu Foundation (TEF), Tony Elumelu, has once again reaffirmed his commitment to the development of Gabon’s economy development following a high-level meeting with the President of Gabon, Brice Oligui Nguema earlier this week. Elumelu who was on official […]
Posted by African Examiner
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Saturday, March 1st, 2025
(AFRICAN EXAMINER) – The Nigerian Exchange Group (NGX Group) says it recorded a profit before tax of N13.6 billion, marking 157.3 per cent year-on-year growth. The group said this in its 2024 audited financial results sent to the Exchange as corporate disclosure and signed by the Acting Company Secretary, NGX, Mr Izuchukwu Akpa, on Saturday […]
Posted by African Examiner
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Wednesday, February 26th, 2025
(AFRICAN EXAMINER) – Shell Nigeria has won the Best Upstream Company 2024 award at the Nigerian International Energy Summit (NIES) currently underway in Abuja. This was contained in a press release issued by Shell Media Relations Manager, Gladys Afam-Anadu. The award, received by Senior Vice President, Nigeria Marno de Jong celebrated the contributions of Shell […]
Posted by African Examiner
Business News, Latest Headlines
Tuesday, February 25th, 2025
(AFRICAN EXAMINER) -Nigeria’s gross domestic product (GDP) had a 3.84% increase in growth rate in the fourth quarter of 2024. This is according to a GDP report published by NBS on Tuesday. It said the growth rate is higher than the 3.46% recorded in the third quarter of 2024. Tuesday’s figure for Q4 of 2024 […]
Posted by African Examiner
Business News, Featured, Latest Headlines
Thursday, February 20th, 2025
(AFRICAN EXAMINER) – Shell Petroleum Development Company of Nigeria Limited (SPDC) has called for continuous collaboration between professional associations in the oil and gas industry and government agencies to ensure the sector contributes more effectively to the socio-economic development of Nigeria. This was contained in a press release signed by Shell Media Manager, Gladys Afam-Anadu. […]
Posted by African Examiner
Business News, Latest Headlines
Tuesday, February 18th, 2025
(AFRICAN EXAMINER) – Nigeria’s headline inflation has dropped to 24.48% year on year in January 2025. This is a sharp decline from the 34.80% headline inflation recorded in December 2024. This is according to the National Bureau of Statistics (NBS). The Statistician-General of the Federation Adeyemi Adeniran announced this on Tuesday. He said the Consumer […]
Posted by African Examiner
Business News, Featured, Latest Headlines
Tuesday, February 18th, 2025
(AFRICAN EXAMINER) – Africa’s Global Bank, United Bank for Africa (UBA) Plc demonstrated its commitment to fostering peace and stability across Africa with a landmark donation of $500,000 to the African Union (AU) Peace Fund. This donation by the UBA Group supports the AU’s efforts towards promoting security, conflict resolution, sustainable development, and a unified […]
Posted by African Examiner
Business News, Featured, Latest Headlines
Sunday, February 16th, 2025
(AFRICAN EXAMINER) – The Federal Government has affirmed the Dangote Group’s pivotal role in the country’s push towards industrialization, as the company took the center stage at the ongoing Kaduna International Trade Fair. Acting Permanent Secretary in the Ministry of Industry, Trade and Investment, Dr. Dafang I. Sule, who represented President Bola Ahmed Tinubu and […]
Posted by African Examiner
Business News, Latest Headlines
Wednesday, February 12th, 2025
(AFRICAN EXAMINER) – Following intense opposition from stakeholders, the Nigeria Customs Service has announced the suspension of the implementation of a 4% Free-on-Board (FOB) value on imports. Customs’ spokesman, Abdullahi Maiwada, in a statement on Tuesday, said the suspension would enable comprehensive engagement and consultations between the Minister of Finance Olawale Edun and other stakeholders. […]
Posted by Rotimi Fadeyi
Business News, Latest Headlines
Wednesday, February 12th, 2025
(AFRICAN EXAMINER) – Shell Nigeria Exploration and Production Company Limited (SNEPCo,) Managing Director, Ronald Adams has said Nigeria can meet oil production targets and implement ambitious development programmes from deep-water oil and gas operations if it continues with policies to encourage investments and boost output in the sector. “Deep water is a compelling consideration for […]
