(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 […]
(AFRICAN EXAMINER) – The National President of the Nigerian Institute of Town Planners, Dr Chime Ogbonna has declared that the full implementation of the first indigenous town planning law is the panacea for equity in the ecological system and the sustainable development of Nigerian cities and towns He disclosed this in a statement to Commemorate […]
(AFRICAN EXAMINER) – The Shell Petroleum Development Company of Nigeria Limited (SPDC JV) – Operator of the NNPC Limited, SPDC, TotalEnergies and Nigerian Agip Oil Company Joint Venture– has, announced the donation of US$1 million to support efforts to provide relief to over half a million people displaced in flood impacted communities of Borno State. […]
(AFRICAN EXAMINER) – The Enugu Chamber of Commerce, Industry, Mines and Agriculture (ECCIMA) has identified high level of importation of finished products into Nigeria as the key reason for the continuous depreciation of the naira, even as it threw its weight behind the Dangote Refinery. It said the organization is committed towards supporting the growth […]
(AFRICAN EXAMINER) – The Nigerian National Petroleum Company Limited (NNPCL) on Thursday said it does not deal with adulterated petrol. NNPCL Chief Corporate Communications Officer, Olufemi Soneye, disclosed this in a statement. “NNPC Retail Ltd does not deal in adulterated products as it adheres to rigorous standards and quality control measures at every stage in […]
(AFRICAN EXAMINER) – The Central bank of Nigeria (CBN), has requested Mayfresh Mortgage Bank Limited to respond to its query on the reported fraud cases of N30 million and N23.854 million leveled against some management Staff of the financial institution within fourteen (14) days of receipt of her letter. This was contained in a […]
(AFRICAN EXAMINER) – The dollar surged and bitcoin hit a record high Wednesday as traders bet on a victory for Donald Trump as he picked up two of the key swing states needed to take the White House, ramping up bets on fresh tax cuts, tariffs and rising inflation. While polls had shown the race […]
(AFRICAN EXAMINER) – Dangote Refinery has disclosed the price of its petrol, saying that it sells at N990 per litre in trucks and N960 per litre into ships. The disclosure follows the Independent Petroleum Marketers Association of Nigeria (IPMAN) and Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) claim of importing the products at […]
(AFRICAN EXAMINER) – The Publisher of The Eagle Online, Dotun Oladipo, has emerged as the President of the Innovative Media Partners Cooperative Multipurpose Society. The former President of the Guild of Corporate Online Publishers was among others who are members of the pioneer Executive Committee. Other pioneer executive committee members of the IMPCMS are Nkanu […]
(AFRICAN EXAMINER) – The Nigerian Extractive Industries Transparency Initiative (NEITI) said the solid minerals sector contributed ₦1.137 trillion in direct payments to various government levels from 2007 to 2023. NEITI disclosed this on Wednesday in Abuja while presenting the 2023 Solid Minerals Audit Report, the 16th audit cycle, which provided a comprehensive overview of the […]
(AFRICAN EXAMINER) – The Independent Petroleum Marketers Association of Nigeria (IPMAN) says its members can’t load petrol from the Dangote Refinery in Lagos despite having paid ₦40bn to the Nigerian National Petroleum Company Limited (NNPCL). IPMAN President Abubakar Garima stated this on Channels Television’s Sunrise Daily programme on Wednesday. Garima expressed surprise that the owner […]
(AFRICAN EXAMINER) – The Nigerian National Petroleum Company Ltd (NNPC Ltd) through NNPC Foundation, its Corporate Social Responsibility (CSR) arm, is set to launch a free cancer screening campaign to address Nigeria’s rising cancer cases. The campaign tagged “Cancer Awareness and ZSX Screening” will provide, not just free cancer screening to indigent Nigerians, but also […]
(AFRICAN EXAMINER) – The Central Bank of Nigeria has debunked reports claiming that the old series of N200, N500, and N1,000 banknotes will cease to exist as legal tender by December 31, 2024. In a statement released on Thursday by the acting Director of Corporate Communications, Sidi Hakama, the CBN noted that the order of […]
