(AFRICAN EXAMINER) – The Central Bank of Nigeria has said businesses, while expressing optimism about the macroeconomic environment, have projected further depreciation of the naira this month and the first three months of 2025. In its Business Expectation Survey Report for November 2024, noted that firms’ outlook on the volume of business activities, financial conditions, […]
(AFRICAN EXAMINER) – The Federal Capital Territory Internal Revenue Service (FCT-IRS), has collected a total of N252.83 billion Internally Generated Revenue (IGR) in 2024. The acting Executive Chairman of the service, Mr Michael Ango, made this known at the 2024 end of year media parley, in Abuja on Thursday. Ango said that the amount, collected […]
…Say 1965 facility modernized into a state-of-the-art plant, hailed as a significant achievement (African Examiner) – Amid ongoing scepticism and criticism surrounding the revamp of the Port Harcourt Refinery, former Group Managing Directors (GMDs) of the Nigerian National Petroleum Company Limited (NNPC Ltd) have commended the efforts of the current management team, led by Mr. […]
(AFRICAN EXAMINER0 – President Bola Tinubu has set a N1500/dollar target in the 2025 Appropriation Bill presented to the joint session of the 10th National Assembly in Abuja on Wednesday. According to him, the target was to enable the Federal Government to ensure the smooth implementation of the 2025 budget. This marks a reduction of […]
(AFRICAN EXAMINER) – President Bola Tinubu has commended Shell and its partners’ announcement of the Final Investment Decision (FID) on the Bonga North Deep Offshore Field. According to a press statement issued on and signed by Special Adviser to the President, Information and Strategy, Mr. Bayo Onanugqa, this landmark development, Nigeria’s first deepwater oil project […]
(AFRICAN EXAMINER) – Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of Shell plc, has announced a final investment decision (FID) on Bonga North, a deep-water project off the coast of Nigeria. Bonga North will be a subsea tie-back to the Shell-operated Bonga Floating Production Storage and Offloading (FPSO) facility which Shell operates […]
(AFRICAN EXAMINER) – Poultry farmers in Oyo State have expressed concern over the potential decline in chicken sales during the forthcoming Christmas season. The chairman, Livestock and Poultry Farmers Union (LPFU), Oyo State Chapter, Mr Josiah Adebola, aired his worries on Sunday in a chat with the News Agency of Nigeria (NAN) in Ibadan. Adebola […]
(AFRICAN EXAMINER) – The African Development Bank (AfDB) group is to launch the Debt Management Forum for Africa (DeMFA). DeMFA is a new platform aimed at promoting high-level dialogue on debt productivity and sustainability across the continent. A statement by the bank on Sunday added that the launch will take place on Monday and Tuesday […]
(AFRICAN EXAMINER) – Executive Secretary of the Nigerian Investment Promotion Commission (NIPC), Aisha Rimi, has said that the commission is committed to several initiatives aimed at driving further economic growth through investment. According to her, the initiatives align with the 8-Point agenda of President Bola Tinubu, stressing that they are designed to accelerate Nigeria’s progress […]
(AFRICAN EXAMINER) – The Enugu State Government and the Commonwealth Enterprise and Investment Council, CWEIC, on Thursday, signed a strategic partnership agreement that would accelerate trade and investment inflow to the state. This was even as Governor Peter Mbah of Enugu State was named a co-chair of the Governors Roundtable at the 2025 edition of […]
(AFRICAN EXAMINER) – It was a moment of excitement for the 17 host communities to Dangote Cement, Ibese Plant in Ogun State as the management reeled out 25 multi-million Naira Social Investment projects successfully executed for the people of the communities in the outgoing 2024 year, with an assurance of bigger investment projects in 2025. […]
(AFRICAN EXAMINER) – The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) will engage with Small and Medium Enterprises (SMEs) nationwide on the implications and opportunities of the proposed Tax Reform Bills. The Director-General of SMEDAN, Mr Charles Odii, on Monday in Abuja said the initiative aimed to educate SMEs, which constituted over 90 […]
(AFRICAN EXAMINER) – The Governor of the Central Bank of Nigeria (CBN) Yemi Cardoso has acknowledged that Nigeria remains in a financial and economic crisis, a situation inherited by the current CBN administration. Speaking at the 14th Annual Bankers’ Committee Retreat in Abuja, Cardoso explained that the role of the bankers’ committee remains critical towards […]
(AFRICAN EXAMINER) – A wave of jubilation swept through Gboko, Benue State, on Wednesday as Dangote Cement Plc and six host communities signed an historic Community Development Agreement (CDA). The landmark accord, which commits Dangote Cement to multimillion-naira development initiatives, was celebrated as a transformative milestone, with the communities pledging to uphold a peaceful coexistence. […]
(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 […]
