(AFRICAN EXAMINER) – The Debt Management Office (DMO), on Monday, offered two Federal Government of Nigeria (FGN) savings bonds for subscription at ₦1,000 per unit. The first offer is a two-year FGN savings bond due on December 13, 2025, at an interest rate of 12.287% per annum. The second offer is a three-year FGN savings […]
(AFRICAN EXAMINER) – The Group Chief Executive Officer (GCEO) of Nigerian National Petroleum Company (NNPC) Limited, Malam Mele Kyari, has expressed gratitude to Stakeholders and Nigerians for their enthusiasm regarding his reappointment by the President and Commander-in-Chief of the Federal Republic of Nigeria, Asiwaju Bola Ahmed Tinubu, GCFR. This was contained in a statement Issued […]
(AFRICAN EXAMINER) – President Bola Tinubu during his presentation of the 2024 ‘Budget of Renewed Hope’ on Wednesday pegged oil price at $77.96 and the naira at N750/$1. The President presented the 2024 budget proposal of N27.5trn before a joint session of the National Assembly in Abuja on Wednesday. He said, “Distinguished members of the […]
(AFRICAN EXAMINER) – Afreximbank says about 43.7 billion dollars worth of trade and investment deals were sealed at the just concluded Intra-African Trade Fair (IATF2023) held in Egypt. Kanayo Awani, Intra-African Trade Bank, Afreximbank Executive Vice-President, said this at the Post-Event Virtual News Conference held in Cairo, Egypt on Tuesday. Awani said the 43.7 billion […]
(AFRICAN EXAMINER) – The Minister of Solid Minerals Development, Dele Alake, on Tuesday assured foreign investors of low production costs in the country’s mining sector. Speaking at the Mines and Money Conference in London, Alake said that President Bola Tinubu has embarked on reforms to boost investment by streamlining procedures and reducing hurdles to attract […]
(AFRICAN EXAMINER) – Renowned economist, Bismarck Rewane, says it makes no sense for the country to export crude on Forward Contract and not supply indigenous firm, Dangote Refinery. Rewane, the Managing Director of Financial Derivatives Company Limited, made this known on Tuesday during a live appearance on Channels Television’s Business Morning show. He said by […]
(AFRICAN EXAMINER) – Zenith Bank Plc has signed a Memorandum of Understanding (MoU) with the French Government to establish a subsidiary of Zenith Bank Plc in France. The MoU, which was signed by the Founder and Chairman of Zenith Bank Plc, Jim Ovia, CFR, and the French Minister for Trade, Attractiveness and French Nationals Abroad, […]
(AFRICAN EXAMINER) – In a splendid display, Zenith Bank heralded the Christmas and Yuletide seasons with the Light-Up of Ajose Adeogun Street and Roundabout, Victoria Island, Lagos, on Saturday, 25 November 2023. The Light-Up ceremony was performed by the Group Managing Director/CEO of Zenith Bank Plc, Dr. Ebenezer Onyeagwu. This year’s Light Up Ceremony, the […]
(AFRICAN EXAMINER) – Two financial experts have commended the Central Bank of Nigeria (CBN) for its plan to further recapitalise Deposit Money Banks (DMBs) in the country. They gave the commendations in separate interviews with the News Agency of Nigeria (NAN) on Sunday in Ota, Ogun. NAN reports that Mr Olayemi Cardoso, the CBN Governor, […]
(AFRICAN EXAMINER) – The Central Bank of Nigeria (CBN) has disclosed plans to increase the capital base of banks in the country. In his speech at the 2023 Bankers’ Dinner on Friday, CBN Governor Dr Olayemi Cardoso said while there has been stability in the banking sector, banks in the country were not adequately capitalised […]
(AFRICAN EXAMINER) – The House of Representatives has commended the on-going reforms at the Nigerian National Petroleum Company (NNPC) Ltd, saying that the legislature is very pleased with the company growth from a loss-making company into a profit-making commercial entity. The commendation came from the Speaker of the House of Representatives, Rt. Hon. Abbas Tajudeen, […]
(AFRICAN EXAMINER) – Oil prices sank further Thursday after the shock decision by OPEC+ to delay a key policy meeting, suggesting fresh discord in the bloc. Stock markets, meanwhile, traded mixed after two US reports dented recent euphoria over the future of interest rates. Both main crude contracts slid on news that the much-anticipated gathering […]
(AFRICAN EXAMINER) – The National Bureau of Statistics (NBS), says the average retail price of a litre of petrol increased from N195.29 in October 2022 to N630.63 in October 2023. It made the declaration in its Petrol Price Watch for October 2023 released in Abuja on Wednesday. It stated that the October 2023 price of […]
(AFRICAN EXAMINER) – The Chartered Institute of Bankers of Nigeria (CIBN) has sought the collaboration and support of the Nigerian Exchange Group Plc for the proposed amendment of the CIBN Act of 2007. The President/Chairman, CIBN, Dr Ken Opara, said this during the closing gong ceremony to commemorate the 60th anniversary of the institute at […]
(AFRICAN EXAMINER) – The African Development Bank (AfDB) Group, has inaugurated the Bank’s Maiden report on “Benchmark Macroeconomic Models for Effective Policy Management in Africa”. Prof. Kevin Urama, the Chief Economist and Vice-President of Economic Governance and Knowledge Management, AfDB, inaugurated the report on the sidelines of the African Economic Conference (AEC) in Addis-Ababa, Ethiopia. […]
(AFRICAN EXAMINER) – Africa’s leading entrepreneur and President/CE of the Dangote Industries Limited, Aliko Dangote has called for greater integration of African economies and expansion of trade and investments across the continent to stimulate growth and create employment opportunities. Speaking at the ongoing Intra-African Trade Fair 2023 holding at the Al Manara International Conference Centre, […]
(AFRICAN EXAMINER) – The GCEO, NNPC Ltd, Mele Kyari has charged stakeholders within the Nigerian oil and gas industry to adapt, evolve and lead in the ever-changing global energy landscape. Kyari gave this charge on Tuesday while delivering an Industry address at the opening ceremony of the 41st Nigerian Association of Petroleum Explorationists (NAPE) Conference […]
(AFRICAN EXAMINER) – The Central Bank of Nigeria has shifted the validity of the old N200, N500 and N1,000 notes indefinitely . The apex bank’s Director, Corporate Communications, Isa AbdulMumin in a statement titled, “CBN To Allow Old Design Naira Banknotes As Legal Tender, Ad Infinitum” on Tuesday, stated that the decision is in line […]
(AFRICAN EXAMINER) – Following a peace deal brokered on Sunday by the Nigerian National Petroleum Company Limited, NNPCL, between the Management of Total Energies, operator of the NNPC/Total JV, the Petroleum and Natural Gas Senior Staff Association, (PENGASSAN) and the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), the unions have agreed to suspend […]
(AFRICAN EXAMINER) – The Government of Saudi Arabia has pledged to invest in the revamp of Nigeria’s refineries, as well as provide financial support to sustain the government’s foreign exchange reforms. Saudi Crown Prince, HRH Mohammed bin Salman made these pledges at a bilateral meeting with President Tinubu on the sidelines of the Saudi-Africa Summit […]
