(AFRICAN EXAMINER) – The Debt Management Office (DMO), has offered two Federal Government of Nigeria (FGN) savings bonds for subscription in December. The DMO said on Monday that the first offer was a two-year FGN savings bond due in Dec. 11, 2026, at interest rate of 17.483 per cent per annum. The second offer was […]
(AFRICAN EXAMINER) – MultiChoice Nigeria says its holiday channel, DStv Channel 198 would showcase live concerts and festivals during the Detty December season. Dr Busola Tejumola, Executive Head of Content and Channels, West Africa at MultiChoice disclosed this in a statement on Friday, in Lagos. Tejumola said that the 19th edition of “The Experience” slated […]
(AFRICAN EXAMINER) – The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, says the bank’s reforms align with efforts to establish a stronger and more resilient African financial architecture. Cardoso said this on Saturday in Abuja during his remarks at the 5th African Union Extraordinary Session of the Specialised Technical Committee (STC) on […]
(AFRICAN EXAMINER) – The NNPC Ltd’s new Executive Vice President, Upstream, Mr. Udobong Ntia, has called on upstream stakeholders in the nation’s oil and gas industry to strengthen corporate governance, transparency and efficiency in their operations. Ntia, spoke during an Upstream Governance, Risk and Compliance Workshop themed “Enhancing Governance, Risk and Compliance in Nigeria’s Upstream […]
(AFRICAN EXAMINER) – The ministerial meeting of the OPEC+ alliance initially scheduled for Sunday has been pushed back to December 5, the Vienna-based Organization of the Petroleum Exporting Countries (OPEC) said Thursday. The 22-member OPEC+ group led by Saudi Arabia and Russia was due to decide on their output policy for 2025 amid flagging crude […]
(AFRICAN EXAMINER) – A flagship subsidiary of Access Holdings, Access Bank, says it has completed the acquisition of Standard Chartered Bank, in Angola, and in Sierra Leone. Mr Roosevelt Ogbonna, Managing Director/Chief Executive Officer(CEO) of Access Bank Plc disclosed this in a notification sent to the Nigerian Exchange Ltd. (NGX) in Lagos on Wednesday. Ogbonna […]
(AFRICAN EXAMINER) – Hafsat Bakari, the chief executive officer (CEO) of the Nigerian Financial Intelligence Unit (NFIU), has stated that Nigeria has gathered more upgrades in the fight against money laundering. Bakari stated this in Abuja on Tuesday in a roundtable discussion organised by NFIU and the London Stock Exchange Group (LSEG) with the theme, […]
(AFRICAN EXAMINER) – President Bola Tinubu has extended his heartfelt congratulations to the Nigeria National Petroleum Company Limited (NNPCL) on the successful revitalization of the Port Harcourt refinery, marked by the official commencement of petroleum product loading on Tuesday. The President acknowledged the pivotal role of former President Muhammadu Buhari in initiating the comprehensive rehabilitation […]
(AFRICAN EXAMINER) – President Bola Tinubu on Monday expressed excitement at the economy’s third-quarter growth statistics as revealed by the National Bureau of Statistics. According to the report Nigeria’s Gross Domestic Product (GDP) grew by 3.46 per cent in real terms in the third quarter (Q3) of 2024 on a year-on-year basis. “I am excited […]
(AFRICAN EXAMINER) – The Federal Government through the Ministry of Agriculture and Food Security (FMAFS) and Fundação Getulio Vargas (FGV) of Brazil, have signed a Memorandum of Understanding (MOU) to advance private sector development in fertiliser production, hybrid seed technology, and agricultural finance. This was contained in a press release issued on Sunday and signed […]
(AFRICAN EXAMINER) – Vice-president of Dangote Industries Limited, Edwin Devakumar, has said that the refinery and other local refiners have been unable to secure enough crude oil supplies despite the federal government’s plan to sell crude priced in the local currency. To address challenges in accessing foreign currency, FG in July said it would sell […]
(AFRICAN EXAMINER) – The Director-General, Nigerian County Department of the African Development Bank (AfDB), Dr Abdul Kamara, has emphasised the need to boost agriculture production and value addition to transform the Nigerian economy. Kamara, in a statement said this at the Groundbreaking Ceremony of the Eruwa Agribusiness Industrial Hub in Oyo State on Thursday, He […]
(AFRICAN EXAMINER) – The Nigerian National Petroleum Corporation Limited (NNPCL) has announced the official unveiling of its latest crude oil grade, the Utapate crude oil blend, before the international crude oil market. The development is a major boost for Nigeria’s crude oil production, revenue generation and economic growth efforts, according to the NNPCL. In a […]
(AFRICAN EXAMINER) – The Naira appreciated on Tuesday at the official market, trading at N1,678.93 against the dollar and recovering from a three-day trading loss. Data from the official trading platform of the FMDQ Exchange, revealed that the Naira gained N11.44. This represents a 0.67 per cent gain when compared to the previous trading date […]
(AFRICAN EXAMINER) – Data from the official trading platform of the FMDQ Exchange, revealed that the Naira lost N38.12. This represents a 2.3 per cent loss when compared to the previous trading date on Friday, November 15th when it exchanged at N1,652.25 a dollar. Also, the total daily turnover reduced to $173.14 million dollars down […]
(AFRICAN EXAMINER) – Shell companies in Nigeria and staff won awards in recognition of their robust participation at the 42nd Annual International Conference and Exhibition of the National Association of Petroleum Explorationists (NAPE) which ended in Lagos recently. This was even as the Managing Director of Shell Nigeria Exploration and Production Company (SNEPCo) Ronald Adams […]
(AFRICAN EXAMINER) – The Nigerian National Petroleum Company (NNPC) Limited has announced that subsidiary, the NNPC Gas Marketing Limited (NGML), has successfully executed a Gas Sale and Purchase Agreement (GSPA) with Dangote Petroleum Refinery and Petrochemicals FZE. This was disclosed in a statement signed by the Chief Corporate Communications Officer of the NNPLC, Olufemi Soneye, […]
(AFRICAN EXAMINER) – African Export-Import Bank (Afreximbank) is doubling its commitment to facilitating a just energy transition for Africa that supports the continent’s critical development needs and unlocks its economic potential. This was made known in a statement issued by Vincent Musumba, Afeximbank’s Communications and Events Manager, on Thursday, as the bank participates at COP29 […]
(AFRICAN EXAMINER) – The Nigeria Customs Service has announced a revenue collection of N5.7 trillion as of November 12, 2024. The Comptroller-General of Customs, Adewale Adeniyi, disclosed this on Wednesday at the ongoing 2024 Comptroller-General of Customs Conference in Abuja. According to him, the revenue exceeded its target for the year by 10 per cent. […]
(AFRICAN EXAMINER) – The Enugu Chamber of Commerce, Industry, Mines and Agriculture (ECCIMA) has blamed the continuous depreciation of the Naira to low local production capacity of the country. The chamber made the disclosure in a statement issued by its President, Mr Odeiga Jideonwo and made available to newsmen in Enugu on Monday. According to […]
