(AFRICAN EXAMINER) – African Export-Import Bank (Afreximbank) has successfully arranged a syndicated US$3.3 billion crude oil prepayment facility sponsored by the Nigerian National Petroleum Company Limited (NNPCL). An initial disbursement of US$2.25 billion has been made. A second tranche of US$1.05 billion is expected to be disbursed subsequently. United Bank for Africa Plc (UBA) acted […]
(AFRICAN EXAMINER) – The Nigerian Export-Import Bank has unveiled an online portal tagged ‘cocoaconnectafrica.com,’ to create market linkage among farmers, aggregators, and buyers in the cocoa value chain in Africa. Mr Abubakar Bello, the Managing Director/Chief Executive Officer, NEXIM Bank, made this announcement on the sideline of one-day International Cocoa and Chocolate Forum 2024, on […]
(AFRICAN EXAMINER) – The Central Bank of Nigeria (CBN) has sacked the boards of Union Bank, Polaris Bank and Keystone Bank. The apex bank in a statement signed by its Acting Director of Corporate Communications, Sidi Hakama, said “this action became necessary due to the non-compliance of these banks and their respective boards with the […]
(AFRICAN EXAMINER) – Dangote Petroleum Refinery, on Thursday, received the fifth crude oil shipment of one million barrels of Bonny Light supplied by the Nigerian National Petroleum Corporation Limited (NNPCL), on Thursday. The company is already preparing to welcome the 6th one million crude oil cargo to the refinery, by next week. This latest development is […]
Alamu said that farmers in Oyo, Niger and Kano states had been exposed to diversity of seeds of cowpea, sorghum accessions and other seeds conserved in the genebank. The National Centre For Genetic Resources and Biotechnology (NACGRAB), says Nigeria will soon witness sufficiency and price reduction in food commodities. The NACGRAB Acting Director, Dr Anthony […]
(AFRICAN EXAMINER) – The Nigerian Navy has stated that operatives across the country have found a total of 803 barrels of crude oil valued at N105bn in 2023. The service also disclosed that a total of 703 illegal refining sites, 690 Cotonou boats laden with stolen crude, and 116 speed boats were damaged by its […]
(AFRICAN EXAMINER) – The Debt Management Office (DMO) said Nigeria’s total public debt as at September 30, 2023 was N87.91trn or $114.35bn. The DMO, in a statement on Wednesday, stated that the amount represented domestic and external debts of the Federal Government, the 36 state governments and the Federal Capital Territory, Abuja. The debt office […]
(AFRICAN EXAMINER) – Zenith Bank Plc has been listed in the World Finance 100 2023 released by World Finance Magazine, achieving the feat as the only Nigerian company in the prestigious and exclusive listing. Zenith Bank’s inclusion in this elite list underscores the bank’s outstanding achievements and resilience in a dynamic and competitive global market. […]
(AFRICAN EXAMINER) – The Nigerian National Petroleum Company Ltd. (NNPC Ltd.) has signed a Memorandum of Understanding (MoU) with TotalEnergies for the adoption and deployment of a methane detection technology known as Airborne Ultralight Spectrometer for Environmental Application (AUSEA) in all its upstream operations. With the agreement, which is a direct benefit from the Company’s […]
(AFRICAN EXAMINER) – Abdul Imoyo, Head of Media Relations, Access Holdings, dies Mr Abdul Kolawole Imoyo, a quintessential corporate media manager and journalist, is dead. Imoyo, until his death, was the Head of Media Relations at Access Holdings. A statement sad he died in the early hours of Sunday, December 17, 2023, at the First […]
(AFRICAN EXAMINER) – President Bola Tinubu has assured foreign investors of ease in the repatriation of funds as the Federal Government ramps up efforts to attract more businesses to the country. Tinubu spoke on Friday when he received Letters of Credence from the Ambassador of Hungary, Lorand Endreffy; the High Commissioner of Rwanda, Christophe Bazivamo, […]
(AFRICAN EXAMINER) – The Central Bank of Nigeria (CBN) on Thursday said the country’s inflation rate and the pressures on the exchange rate will reduce in the coming year. While the country’s inflation rate jumped to 27.33% for November – the highest in 18 years, the apex bank’s governor Yemi Cardoso projects a slump in […]
(AFRICAN EXAMINER) – The Nigerian National Petroleum Company Limited (NNPCL) has generated N4.5 trillion as revenue for the federation for 2023 as at October, its Group Chief Executive Officer, Mr Mele Kyari has said. Kyari, said this in Abuja on Wednesday at an interactive session with the Senate Committee on Finance. He assured of better […]
(AFRICAN EXAMINER) – The Nigerian National Petroleum Company Ltd. (NNPC Ltd.) has assured that the projections on crude oil production and price benchmark for the 2024 Budget were realistic and realizable. The Group Chief Executive Officer (GCEO) of the Company, Mr. Mele Kyari, gave the assurance during an interactive session with the Senate Committee on […]
(AFRICAN EXAMINER) – The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 48 pips to 7.1126 against the dollar on Wednesday, according to the China Foreign Exchange Trade System. In China’s spot foreign exchange market, the yuan is allowed to rise or fall by two per cent from the central parity […]
(AFRICAN EXAMINER) – In its efforts to tackle illicit financial flows and corruption in Africa, the African Development Bank (AfDB) has begun the training of relevant stakeholders to build their capacity. Dr Eric Ogunleye, the Acting Director and Division Manager, Policy Management at the African Development Institute of the AfDB, said this in Abuja. Ogunleye […]
(AFRICAN EXAMINER) – Socio-Economic Rights and Accountability Project (SERAP) has urged the Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, to “promptly publish details of barrels of oil Nigeria produces and exports every day and the total amounts of revenues generated from oil since the removal of subsidy on […]
(AFRICAN EXAMINER) – The Central Bank of Nigeria has warned Nigerians against counterfeit Naira banknotes in circulation. The apex bank gave this warning on Friday in a notice titled ‘Beware of Counterfeit Naira Banknotes in Circulation’. The Bank tasked all Deposit Money Banks, Financial Houses, Bureau de Change and the general public to be on […]
(AFRICAN EXAMINER) – The World Bank will allocate $5 billion to deliver “reliable, affordable, renewable electricity” to 100 million Africans by the end of the decade, the president of the development lender announced Wednesday. The World Bank estimates that around 600 million people in Africa do not currently have access to reliable electricity, a key […]
(AFRICAN EXAMINER) – NNPC Ltd. has expressed its commitment to work with global partners in the march towards reducing methane emissions in oil and gas operations. On the sidelines of the ongoing United Nations Climate Change Conference, also known as COP28, taking place in Dubai, the United Arab Emirates, the Oil and Gas Decarbonization Charter […]
