(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, […]
(AFRICAN EXAMINER) – The Nigerian Aviation Handling Company Plc (NAHCO Aviance) says it has sealed the extension of handling contracts with three international carriers. The company’s Group Managing Director, Mr Indranil Gupta, made this known in a statement on Monday in Lagos. The News Agency of Nigeria (NAN) reports that the international carriers are Emirates, […]
(AFRICAN EXAMINER) – President Bola Ahmed Tinubu has stated that the restart of operation at the Warri Refinery on Monday has brought lots of joy to him and Nigerians. Bayo Onanuga, the spokesperson of Tinubu, made this known in a statement on Monday as he celebrated the kickoff of the state-owned refinery after years of […]
(AFRICAN EXAMINER) – A total of 170 young graduates have benefitted from the NCDMB/PETAN/SPDC JV Graduate Internship programme, in which they were attached to indigenous technical oilfield service companies in the upstream and downstream sectors for hands-on experience. This was revealed in a statement issued on Monday and signed by Shell Petroleum Development Company of […]
(AFRICAN EXAMINER) – The 125, 000 barrels per day Warri Refining & Petrochemicals Company (WRPC) in Warri, Delta State is now up and running. This was disclosed by the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari during a tour of the facility on Monday. Before the tour of […]
(AFRICAN EXAMINER) – A policy and legal expert, Clement Nwankwo, has argued that the Nigeria Customs Service (NCS) and other revenue-collecting agencies of government should not be allowed to retain any percentage of the taxes collected on behalf of the government aside from their annual budgetary allocations. Nwankwo, who is the Executive Director of the […]
(AFRICAN EXAMINER) – The economy grew by 3.46 per cent in Q32024, with output reaching ₦20.115 trillion, up from 3.19 per cent (₦18.285 trillion) in Q2 2024, driven mainly by the non-oil sector. This was revealed in the Central Bank of Nigeria’s newly released Economic Report for the third quarter of 2024. The report said […]
(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 […]
