(AFRICAN EXAMINER) – Africa’s foremost Industrialist and President of the Dangote Industries Limited, Aliko Dangote, has disclosed his plan to build in Ogun State, a multi-billion-dollar Seaport, which will be the largest in Nigeria. He also said two new lines with a capacity of 6.0 million metric tons per annum, (Mta), for the cement plant […]
(AFRICAN EXAMINER) – Nigeria’s headline inflation rate dropped to 23.18% relative to the January 2025 headline inflation rate of 24.48%. This was disclosed by the Nigeria Bureau of Statistics (NBS) in its February 2025 consumer price index (CPI) on Monday. According to NBS, the headline inflation rate showed a decrease of 1.30% compared to the […]
(AFRICAN EXAMINER) – The Tony Elumelu Foundation (TEF), Africa’s leading philanthropy empowering entrepreneurs is set to announce the 11th cohort of the TEF Entrepreneurship Programme on Saturday, March 22, 2025. The 2025 announcement comes at a critical time, as Africa’s entrepreneurship ecosystem faces funding constraints and global economic headwinds. TEF continues to provide much-needed support, […]
(AFRICAN EXAMINER) – As part of activities to mark the 2025 International Women’s Month, Africa’s Global Bank, United Bank for Africa (UBA) Plc held the quarterly edition of its Business Series event where trailblazing female leaders from diverse industries shared personal insights on overcoming systemic challenges, driving change, and redefining success. The hybrid event which […]
(AFRICAN EXAMINER) – Africa’s Global Bank, United Bank for Africa (UBA) Plc, is set to host its inaugural Business Series for the year to commemorate the International Women’s Day 2025. With the theme, “Against All Odds: The Impact of Women,” this edition of the UBA business series will highlight the remarkable journeys of women who […]
(AFRICAN EXAMINER) – The Nigerian National Petroleum Company Limited (NNPC Ltd.) has appealed to global investors to focus on Nigeria’s oil and gas sector, highlighting the government’s robust regulatory reforms and investment-friendly policies. The Executive Vice-President, Upstream, Mr Udy Ntia, made this appeal during a session with investors at the 2025 CERAWeek by S&P Global […]
(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 […]
(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 […]
(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 […]
(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 […]
(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. […]
(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 […]
(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 […]
(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 […]
(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 […]
(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 […]
(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 […]
(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 […]
(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 […]
(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 […]
