BALTIMORE, MD (AFRICAN EXAMINER) – The Minister of Finance, Mrs Kemi Adeosun, on Tuesday in Abuja said that N387.8 billion was shared among the federal, states and local governments as revenue for December, 2015. Adeosun, who was represented by the Permanent Secretary, Ministry of Finance, Mr Mahmoud Isa-Dutse, announced this while addressing newsmen on the […]
BALTIMORE, MD (AFRICAN EXAMINER) – The Tony Elumelu Foundation and United Bank for Africa Plc (UBA) partnered with the United States Department of Commerce to host a panel and roundtable discussion between members of the U.S. Presidential Council on Doing Business in Africa (PCDBIA)and a diverse community of African entrepreneurs. The 11 person U.S. delegation, […]
With the risks posed by macro economy; market development as well as high level of corruption over the years in the country, Nigeria has been certified to possess the human potential to check the devastating impacts of the sharp practices on the country as well as largely revamp the socio-economic sectors on a long term. […]
BALTIMORE, MD (AFRICAN EXAMINER) – Philanthropic Nigerian business mogul, Tony Elumelu, is set for a discourse on how to scale clean-energy investment to meet developing-country needs on a panel at the World Economic Forum (WEF) in Davos, Switzerland, on Friday, 22 January 2016. Elumelu, who is the chairman of Heirs Holdings and founder of the […]
BALTIMORE, MD (AFRICAN EXAMINER) – The Lagos State Governor, Mr. Akinwunmi Ambode, has welcome with joy and enthusiasm the admission of Lagos State as the 6th member of the Odu’a Group, describing it as a major landmark in the effort of the South-West States of Nigeria towards regional integration. A statement issued on Wednesday by […]
By Ayo Balogun, Lagos BALTIMORE, MD (AFRICAN EXAMINER) – As security agencies intensify the search for culprits behind the act, it has been established that the weekend’s attack on the Nigeria Gas Company’s pipeline connected to Chevron Nigeria Limited’s facility at Escravos, will impact negatively on the Olorunsogo NIPP plant (capacity 600MW), and other Power […]
*Introduces elegant blue and white packaging, assures of superior product quality NASCON Allied Industries the leading player in the Nigerian salt market, and a subsidiary of the Dangote Group has announced the launch of its rebranded flagship product, Dangote Salt. Dangote Salt which comes in 250g, 500g and 1kg poly bags (sachets) is extra refined […]
By Eric Ojo, Abuja The International Monetary Fund (IMF) has said that the ripples generated by the relative economic slowdown in China may have some negative impacts on the economies of countries in the African continent. The Fund noted that Africa is affected by changes in China’s economic dynamics because she is currently the continent’s […]
Ayodele Afolabi, Abuja The Senate has summoned the Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele to appear before it on next week Tuesday to give explanations on reasons behind the continuous depreciation of Naira against the Dollar in the FOREX market. The decision followed a Point of Order raised by the […]
BALTIMORE, MD (AFRICAN EXAMINER) – The cable news channel Al Jazeera America, which debuted in 2013 to great fanfare when it promised to cover American news soberly and seriously, will be shutting down by the end of April. The move was announced at a companywide meeting on Wednesday. In a memo to the staff, Al […]
The Central Bank of Nigeria, CBN, has stopped, with immediate effect, the sale of foreign exchange, forex, to Bureaux de Change, BDCs, as part of measures to reduce the pressure on the nation’s foreign reserves. The reserves, which closed last year at $28.364 billion, dropped last weekend to $28.193 billion, showing a depletion by $170 […]
Ayodele Afolabi, Abuja The Senate has urged the Central Bank of Nigeria (CBN) to relax its strict Foreign Exchange policy as it is doing more harm to the economy than good. Senate President Bukola Saraki during a meeting with the Managing Director of the International Monetary Fund (IMF), Christine Lagarde said small businesses especially, are […]
Baltimore, MD (African Examiner) – The Peoples Democratic Party (PDP) Wednesday said that the success of Saturday’s supplementary polls in Bayelsa State would be determined by the Federal Government, security agencies and the Independent National Electoral Commission, (INEC). Even with the deployment of 5,000 policemen, stakeholders are still being skeptical as to the preparedness of […]
BALTIMORE, MD (AFRICAN EXAMINER) – The Lagos State Government led by Governor Akinwunmi Ambode is to borrow N119.7 billion to finance the 2016 budget of N662.588 billion The governor signed the budget into law on Monday in Ikeja, Lagos, Nigeria, saying that the budget has an estimated total revenue of N542.873bn with the balance of N119.714bn expected […]
The chairman of one of China’s largest state-owned mobile operators, China Telecom, is being investigated by the country’s anti-corruption watchdog. Chang Xiaobing is “suspected of serious violation of discipline”, according to a statement on the Central Commission for Discipline Inspection website. The executive was reported missing by local media on Sunday. He is the latest […]
By Ayo Balogun, Lagos BALTIMORE, MD (AFRICAN EXAMINER) – Nigeria’s Telecoms giant MTN has refused to pay a heavy fine impose on it, instead the company is heading to court to challenge the powers of the regulatory body, Nigerian Communications Commission (NCC). A statement issued by the MTN corporate affairs office confirmed that the Telecoms giant […]
…Backs Buhari’s Anti- Corruption War Ayodele Afolabi, Abuja The Senate has asked the Federal Government (FG) to revive the age long moribund Ajaokuta Steel Development Company for the needed industrialization of the country. This is just as it backed President Muhammadu Buhari’s anti- corruption war and directed all Federal lawmakers to attend Tuesday’s joint session […]
By Niyi Adeyi Following allegations of complicity by members of the public, against the Central Bank of Nigeria (CBN), over misappropriation of arms money and recovered Late Head of State, Gen. Sanni Abacha’s loot, staffs of the apex Bank have stoutly absolved the establishment of blame in the gross misconduct. Some top officials of the […]
Ayodele Afolabi, Abuja The total debt profile of Nigeria presently stands at $64billion , the Director General of the Debt Management Office ( DMO), Dr Abraham Nwankwo has said Nwankwo who made the disclosure while making submission on the Nation’s debt profile before the Senate Committee on Foreign and Local Debts, however allayed the fears […]
Ayodele Afolabi, Abuja The House of Representatives on Thursday revisited the PENTASCOPE investigation of the 7th Assembly on the sales of NITEL and MTEL to a private investor, NATCOM as it mandated its committee on Telecommunications to conduct a comprehensive investigation into the sale. This followed a motion on the need for further scrutiny of […]
