(AFRICAN EXAMINER) – The Federal Government has taken full ownership of Keystone Bank. This is according to a statement by the bank posted on its X handle on Tuesday evening. It read, “Keystone Bank Limited wishes to clarify media report of a judgement by the Lagos State Special Offences Court, sitting in Ikeja, Lagos, on […]
(AFRICAN EXAMINER) – The Central Bank of Nigeria (CBN) says charges will now apply anytime customers use the Automated Teller Machines (ATMs) of banks other than theirs. This was contained in a circular dated February 10, 2025, and addressed to all banks and financial institutions, the apex bank’s acting Director of Financial Policy and Regulation […]
(AFRICAN EXAMINER) – Elon Musk, the world’s richest person and a top advisor to US President Donald Trump, said he has no interest in acquiring social media platform TikTok’s operations in the United States, in comments released Saturday. “I’ve not put in a bid for TikTok and I don’t have any plans for what I […]
(AFRICAN EXAMINER) – The Nigerian National Petroleum Company Limited (NNPC Ltd.) has clarified that there was no explosion at the Warri Refining and Petrochemical Company (WRPC), Delta. Mr Olufemi Soneye, Chief Corporate Communications Officer of NNPC Ltd., in a statement on Friday said that any reports suggesting otherwise were completely false. Soneye said that on […]
(AFRICAN EXAMINER) – The Central Bank of Nigeria (CBN) has issued new guidelines restricting Bureau de Change (BDC) operators to purchasing foreign exchange from a single authorised dealer per week. The bank also directed the BDCs to comply with Know Your Customer (KYC) measures. The apex bank, in a circular signed by W. J. Kanya, […]
(AFRICAN EXAMINER) – The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) says petrol prices will crash down following the revival of the Port Harcourt and Warri refineries by the Federal Government. In a statement on Saturday, PETROAN National Public Relations Officer, Dr. Joseph Obele, said contrary to previous doubts the refineries are “now […]
(AFRICAN EXAMINER) – The Naira further appreciated at the official market on Wednesday, trading at N1,510.72 to a Dollar. Data from the FMDQ Security Exchange official forex trading platform revealed that the local currency gained N11.96. This represented a 0.78 percent gain, compared to the trading figure on Tuesday, when the Naira closed trading at […]
(AFRICAN EXAMINER) – The Naira appreciated at the official market on Tuesday trading at N1,522.68 to a Dollar. Data from the FMDQ Security Exchange official forex trading platform revealed that the local currency gained N10.95. This represents a 0.7 per cent gain when compared to the trading figure on Monday when Naira closed trading at […]
(AFRICAN EXAMINER) – The Enugu Chamber of Commerce, Industry, Mines, and Agriculture (ECCIMA), has urged governor Peter Mbah government to create a more robust and enabling environment for businesses to thrive in the state, saying the administration should simplify its tax payment system to avoid multiple taxation. President of the Chamber, Sir Odeiga Jideonwo, who […]
(AFRICAN EXAMINER) – The equities market closed on a mixed note on Thursday following the listing of an additional 9.25 billion ordinary shares of 50 kobo each by Lasaco Assurance Plc. Specifically, investors gained N289 million as the market capitalization, which opened at N63.147 trillion, recorded a slight change to close at N63.147 trillion. The […]
(AFRICAN EXAMINER) – The Central Bank of Nigeria (CBN) has said it has approved the release of the Nigerian Foreign Exchange (FX) Code. The apex bank also announced that the Code would be formally launched next week in Abuja. According to CBN in a statement, the Code serves as a guideline to the banking industry […]
(AFRICAN EXAMINER) – Telephone subscribers in Nigeria will pay more for data and airtime as the Nigerian Communications Commission (NCC) on Monday approved a 50% tariff increase for telecoms operators in the country. In a statement, a spokesman for the regulator Reuben Muoka said the price adjustment, though lower than the “over 100% requested by […]
(AFRICAN EXAMINER) – The Nigerian National Petroleum Company Limited (NNPCL) has remitted ₦10 trillion to the federation account, making it the highest taxpayer in the country and remains the only company in Nigeria that publishes 100% of its account statements annually. This is according to the Group Chief Executive Officer (GCEO), Malam Mele Kyari, who […]
(AFRICAN EXAMINER) – Bolstered by sales synonymous with the festive season, Nigeria’s headline inflation rate jumped to 34.80% in December 2024 from 34.60% in November 2024, the National Bureau of Statistics said Wednesday. The apex government data agency made this known in its latest Consumer Price Index (CPI) report which measures the rate of change […]
(AFRICAN EXAMINER) – The Central Bank of Nigeria (CBN) says it has sanctioned some Deposit Money Banks (DMBs) for failing to make Naira notes available through automated teller machines (ATMs), during the yuletide season. According to a statement by Hakama Sidi-Ali, CBN’s Director, Corporate Communications Department, this is a clear message of zero tolerance for […]
(AFRICAN EXAMINER) – The Federal Capital Territory Internal Revenue Service (FCT-IRS) has urged private companies, government’s Ministries, Departments and Agencies (MDAs) and other employers of labour in the territory to file their employee annual tax returns for 2024. The acting Executive Chairman, Mr Michael Ango, who made the call in a statement in Abuja on […]
(AFRICAN EXAMINER) – The African Development Bank Group (AfDB) is set to host the Mission 300 Africa Energy Summit in collaboration with the World Bank Group, the African Union (AU), and the Tanzanian government. The bank said in a statement posted on its website that the summit, scheduled for Jan. 27 and Jan. 28, in […]
(AFRICAN EXAMINER) – The Tony Elumelu Foundation (TEF), Africa’s leading champion of entrepreneurship, is pleased to announce that applications for its 2025 Entrepreneurship Programmes are now open. Aspiring and existing entrepreneurs from across Africa are invited to apply for a chance to receive world-class training, expert mentoring, and non-refundable seed capital funding to scale their […]
(AFRICAN EXAMINER) – The Federal Government’s deficit spending surged by 28 per cent, Year-On-Year to N12.1 trillion in the first ten months of 2024. An analysis of data in the Central Bank of Nigeria, CBN, Monthly Economic Reports, showed that the increase was from N9.8 trillion recorded in the same period of 2023. This further […]
(AFRICAN EXAMINER) – The stock market started the year on a strong note, delivering an impressive N155 billion profit to investors on the first trading day. The positive performance was driven primarily by gains in Tier-one banking stocks, namely, Zenith Bank, United Bank for Africa (UBA) and FBN Holdings, Access Corporation, among other equities. Specifically, […]
