(AFRICAN EXAMINER) – As part of its social investment programme aimed at promoting educational development in its host communities, Dangote Granite Mines Limited has awarded multi-million naira scholarships to secondary school and tertiary institution students from Ijebu-Igbo in Ijebu-North local government area of Ogun State over the weekend. The company stated that the scholarship initiative […]
(AFRICAN EXAMINER) – The Federal Government of Nigeria says it is not discussing debt forgiveness with China, noting that Beijing is willing to lend Nigeria more money and invest more in the economy of Nigeria. The Minister of Foreign Affairs, Yusuf Tuggar, stated this on Channels Television’s Sunday Politics programme. Nigeria has been making proposals […]
(AFRICAN EXAMINER) – Africa’s philanthropist, Tony Elumelu, has reiterated his commitment to promoting financial inclusion, youth empowerment and food security for a sustainable future. Elumelu said this during a high-level meeting held on the sidelines of the ongoing 79th United Nations General Assembly (UNGA79) in New York. He said since 2010, the Tony Elumelu Foundation […]
(AFRICAN EXAMINER) – The Central Bank of Nigeria has further raised its Monetary Policy Rate(MPR) by 50 basis points to 27.25 per cent from 26.75 per cent “to moderate inflation” which stands at 32.15%. This was revealed by the CBN Governor, Olayemi Cardoso after the apex bank’s 297th Monetary Policy Committee meeting held on the […]
(AFRICAN EXAMINER) – The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso has again blamed the monetary policies of his predecessor, Godwin Emefiele, for the current economic situation of the country. Cardoso stated this at a press briefing on Tuesday at the end of the 297th meeting of the Monetary Policy Committee (MPC) […]
(AFRICAN EXAMINER) – A former presidential spokesperson, Dr Doyin Okupe, on Tuesday, said he was not in agreement with the call by business magnate, Alhaji Aliko Dangote’s for complete removal of subsidy. Okupe expressed the position in an interview with the News Agency of Nigeria in Lagos. NAN reports that Dangote, owner of the 650,000 […]
(AFRICAN EXAMINER)- The Federal Executive Council (FEC) meeting, chaired by President Bola Tinubu in Abuja, approved key decisions to boost Nigeria’s economy and improve citizens’ lives. In the area of the economy, Mr Wale Edun, Minister of Finance and Coordinating Minister of the Economy, said the Council approved the Economic Stabilisation Bills. He explained that […]
(AFRICAN EXAMINER) – The Projects Development Institute (PRODA), Enugu, under the Federal Ministry of Innovation, Science and Technology has brokered a technical partnership deal with two Lagos based private firms, MOMAS Electricity Meters Manufacturing Company Limited (MEMMCOL), the first indigenous company to implement prepayment metering solutions for the National Electric Power Holding Company of Nigeria. […]
(AFRICAN EXAMINER) – The $550 million upstream gas project between the NNPC Ltd and TotalEnergies on the development of the Ubeta field has taken off, the Presidency announced on Tuesday. Special Adviser to the President on Energy, Olu Verheijen, disclosed this during an inaugural US-Nigeria Strategic Energy Dialogue, hosted by the U.S. State Department in […]
(AFRICAN EXAMINER) – Nigeria’s largest container terminal, APM Terminals, Apapa, has over the past four years, recorded continuous increase in its export volumes. The APM Terminals Apapa Manager, Mr Steen Knudsen, made this known in a statement in Lagos on Monday. Knudsen described non oil export cargo as an integral part of the terminal’s business. […]
(AFRICAN EXAMINER) – The NNPC Ltd has released estimated prices of Petrol obtained from the Dangote Refinery in its retail stations across the country. The NNPC Ltd also stated that, in line with the provisions of the Petroleum Industry Act (PIA), PMS prices are not set by the Government, but negotiated directly between parties on […]
(AFRICAN EXAMINER) – The Nigerian National Petroleum Company (NNPC) Ltd. on Saturday deployed more than 100 trucks to Dangote Refinery for petrol lifting. The NNPC Ltd. in a post on its X handle on Saturday said that the mobilising of trucks to the refinery’s fuel loading gantry was in preparation for the scheduled petrol loading […]
…Presidential Committee on Flooding Also Donates N1bn Chairman of Aliko Dangote Foundation (ADF) and Chairman, National Committee on Flood Relief and Rehabilitation, Mr. Aliko Dangote, has donated a whopping sum of one billion Naira to help assuage the pains of the Maiduguri flood victims in Borno State. The Presidential Committee on Flood Relief and Rehabilitation […]
(AFRICAN EXAMINER) – The Nigerian Exchange Ltd.(NGX) market capitalisation, on Friday, closed positive with N248 billion gain. Specifically, the market capitalisation added N248 billion or 0.44 per cent to its opening of N55.754 trillion to close at N56.002 trillion. The All-Share Index also gained 0.44 per cent or 432 points to close at 97,456.62 points, […]
(AFRICAN EXAMINER) – The House of Representatives has asked Guaranty Trust Bank (GTB) to remit Value Added Tax (VAT) on the commission received from Remita between 2015 and 2022 to the Federal Government recovery account. The Chairman, Public Accounts Committee (PAC), of the lower chamber, Rep. Bamidele Salam (PDP- Osun), gave the directive on Thursday […]
(AFRICAN EXAMINER) – The Nigerian National Petroleum Company Limited (NNPC Ltd.) and its Joint Venture (JV) partner, Chevron Nigeria Ltd. (CNL), have concluded the conversion of five of its JV assets into the Petroleum Industry Act (PIA) terms. The NNPC Ltd. said the development was in line with the PIA 2021 provisions of transiting assets […]
(AFRICAN EXAMINER) – Atiku Abubakar, former vice-president, has kicked against plans by the President Tinubu’s government to increase the value-added tax (VAT) from 7.5 percent to 10 percent. Atiku, taking to his social media accounts on Sunday described the move as a “regressive and punitive policy”. “President Bola Tinubu, alongside his coterie of advisers, has […]
(AFRICAN EXAMINER) – The Nigerian National Petroleum Company Limited (NNPCL) has denied undermining the recent launching and marketing of the petrol produced by the Dangote Refinery Limited (DRL) even as it said that the corporation is not the sole off taker in the industry. This is contained in a statement issued and signed by the […]
(AFRICAN EXAMINER) – The Bank of Industry (BOI) has received €1.425 billion from the senior phase of its global loan syndication- representing a 42.5 per cent oversubscription from international financial markets. BOI made this known in a statement, saying that this is the senior phase of another landmark transaction for the bank tapping the syndicated […]
(AFRICAN EXAMINER) – For the first time, Nigerians will gain a clear understanding of the country’s actual fuel consumption, according to Aliko Dangote, President of Dangote Group. This announcement comes as Dangote officially confirmed the rollout of Premium Motor Spirit (PMS), commonly known as petrol, from the world’s largest single-train refinery with a capacity of […]
