(AFRICAN EXAMINER) – The Nigerian equity market closed the week on a positive note on Friday, with investors gaining N157 billion. Specifically, the Nigeria Exchange Ltd. (NGX) market capitalisation, which opened at N60.104 trillion, gained N157 billion or 0.26 per cent to close at N60.261 trillion. The All-Share index also added 0.26 per cent or […]
(AFRICAN EXAMINER) – President Bola Tinubu has restricted Ministers, Ministers of State, and Heads of Agencies of the Federal Government to a maximum of three vehicles in their official convoys. No additional vehicles would be assigned to them for movement. The cost-cutting measure was announced today in a statement signed by the President. A statement […]
(AFRICAN EXAMINER) – Kogi State governor, Usman Ododo, has called for the payment of 13 percent derivation from the federation account considering the status of the state as an oil-producing state. Ododo stated this when he visited the Minister of Petroleum Resources (Oil), Heineken Lokpobiri, at his office on Thursday in Abuja saying that Kogi […]
(AFRICAN EXAMINER) – Nigerian Breweries Plc has posted N703 billion revenue generation for the third quarter ended Sept. 30, 2024. This indicates 75 per cent growth, when compared with N402 billion, recorded in the corresponding period of 2023. The Managing Director, Nigerian Breweries Plc, Mr Hans Essaadi, said this in the company’s unaudited results sent […]
(AFRICAN EXAMINER) – The International Monetary Fund (IMF),, says global growth is projected to remain unchanged at 3.2 per cent in 2024 and 2025, as Inflation recedes. This is according to the IMF’s latest World Economic Outlook (WEO) Update Report for October 2024: “Policy Pivot, Rising Threats,” released on Tuesday during the IMF/ World Bank […]
(AFRICAN EXAMINER) – The Chairman, Enugu State Internal Revenue Service (ESIRS), Hon. Emmanuel Ekene Nnamani, has said that the State has solved the issue of multiple taxation through the introduction of a single yearly unified tax payment system using the e-ticketing solution. Briefing newsmen in Enugu, he explained that the system allows business owners in […]
(AFRICAN EXAMINER) – Malam Ali Muhammad Ali, the Managing Director of the News Agency of Nigeria (NAN) says the agency does not discriminate against Persons With Disabilities (PWDs) in its employment process. Ali, represented by Mr Ephraims Sheyin, the Editor-in-Chief of NAN, said this when a delegation from the Inclusive Friends Association (IFA) for PWDs […]
(AFRICAN EXAMINER) – In a surprising twist of events, the Dangote Group says it will withdraw its ₦100bn suit against the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) for granting import licenses to the Nigerian National Petroleum Company Limited (NNPCL), Matrix Petroleum Services Limited, AA Rano Limited, and four other companies despite local production […]
(AFRICAN EXAMINER) – The President of the African Development Bank (AfDB) Akinwunmi Adesina has raised concern over the rising poverty levels in Nigeria. Adesina spoke in Abuja during the 90th birthday lecture of a former head of state Yakubu Gowon. He said addressing the poverty level is key to Nigeria becoming a global player and […]
(AFRICAN EXAMINER) – Managing Director of Shell Petroleum Development Company Limited (SPDC) and Chairman of Shell Companies in Nigeria, Osagie Okunbor, shared an optimistic outlook on the future of Nigeria’s oil and gas industry during a panel session at the just concluded Nigeria Economic Summit in Abuja. Speaking on the theme “Fuelling Growth: The […]
(AFRICAN EXAMINER) – The Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, on Tuesday said the country’s foreign reserves rose by 12.74 per cent to $39.12 billion as of October 11. Cardoso stated this while appearing before the House of Representatives Committee on Banking Regulation. The apex bank boss noted that the nation’s foreign reserves […]
(AFRICAN EXAMINER) – As part of activities marking the 2024 Global Sustainability Week, leading Cement manufacturer, Dangote Cement Plc has reached out to vulnerable and deprived communities across its business operations with food items and unveiled skills acquisition and educational empowerment initiatives. This is just as the President/Chief Executive of Dangote Group, Aliko Dangote assured […]
(AFRICAN EXAMINER0 – ) The Nigerian Exchange Ltd. (NGX) has suspended trading in the shares of Transnational Corporation Plc (Transcorp). The NGX, in its weekly report, said that the suspension, on Thursday, was necessary to determine the shareholders entitled to receive the firm’s reconstructed shares. The Exchange said that suspension was to prevent any trading […]
(AFRICAN EXAMINER) – The Nigerian Electricity Regulatory Commission (NERC) says the total revenue collected by all Electricity Distribution Companies (DisCos) in quarter two hit N431.16 billion. The commission made this known on its Website in its second quarter 2024 report in Abuja on Thursday. The report said that the N431.16 billion collected was out of […]
(AFRICAN EXAMINER) – Fuel queues have resurfaced across Lagos following an increase in petrol prices by the Nigerian National Petroleum Company Ltd. (NNPC) and other marketers. The News Agency of Nigeria (NAN) reports that many filling stations, including those along Ikorodu Road, Ikeja and Bariga, have temporarily closed due to the price hike. NAN correspondent […]
(AFRICAN EXAMINER) – Aliko Dangote says Nigeria must enhance its crude oil production capacity and effectively manage its crude supply to ensure adequate feedstock for domestic refineries, in order to transit from a net importer to a net exporter of petroleum products. The Chairman of Dangote Refinery and Petrochemicals Company Limited made this assertion during […]
(AFRICAN EXAMINER) – The Managing Director, the Shell Petroleum Development Company of Nigeria Limited and Country Chair, Shell Companies in Nigeria (SCiN), Osagie Okunbor, has received an “Award of Excellence to an Astute and Visionary Technocrat” from the newly instituted executive leadership of the Petroleum Technology Association of Nigeria (PETAN). Okunbor received the award in […]
(AFRICAN EXAMINER) – Resuming from the Oct. 1 Independence Day holiday, trading activities on the Nigerian Exchange Ltd. (NGX) declined by 0.33 per cent on Wednesday, driven by sell-offs in MTN Nigeria and Tier-one banks. Specifically, the NGX market capitalisation, which opened at N56.635 trillion, lost N187 billion or 0.33 per cent to close at […]
(AFRICAN EXAMINER) – Wisdom Alfred, better known as Dr H20, has stated that due to spiritual attack he lost a N15 million investment by bottled water company, Aquafina. The African Examiner writes that Alfred became popular after a video of him passionately promoting Aquafina water at a busy bus garage in Onitsha, Anambra State, went […]
(AFRICAN EXAMINER) – Shell has announced Ronald Adams as the new Managing Director for its deep-water subsidiary in Nigeria, Shell Nigeria Exploration and Production Company Limited: Prior to his appointment, Adams was Chief Executive Officer of Atlantic LNG, Trinidad and Tobago. He takes over from Elohor Aiboni who proceeds on international assignment to Brunei Shell […]
