(AFRICAN EXAMINER) – Zenpay Limited, a wholly owned subsidiary of Zenith Bank Plc, has signed an Agreement with the African Continental Free Trade Area (AfCFTA) Secretariat for the development and deployment of the SMARTAfCFTA Portal to facilitate trade within the African continent. The agreement which was signed by the Chairman of Zenpay Limited, Dr. Ebenezer […]
(AFRICAN EXAMINER) – The Nigerian Shippers’ Council (NSC) says it is taking immediate measures to remove 616 long-standing export containers trapped in Lagos ports. The Executive Secretary, NSC, Mr Pius Akutah, said this when his team visited the APM Terminal Complex in Apapa, Lagos, on Friday. He expressed concern over the growing number of abandoned […]
(AFRICAN EXAMINER) – The Nigerian Exchange Ltd. (NGX) on Friday recorded 28.14 per cent increase in the value of equity transactions, resulting in investors gaining N467 billion. Specifically, 446.57 million shares valued at N7.10 billion were exchanged in 9,297 deals, in contrast to 665.20 million shares valued at N5.54 billion in 8,446 deals on Thursday. […]
(AFRICAN EXAMINER) – The Naira on Tuesday closed the month of April on a good footing as it gained N28.15 at the official market, trading at N1,390.96 to the dollar. Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that the gain […]
(AFRICAN EXAMINER) – ) The Nigerian National Petroleum Company Ltd. has assured Nigerians that the ongoing fuel scarcity and queues will be cleared out by Wednesday, April 31. Mr Olufemi Soneye, Chief Communications Officer, NNPCL, told the News Agency of Nigeria (NAN) on Tuesday in Lagos. According to Soneye, the company currently has an availability […]
(AFRICAN EXAMINER) – President Bola Tinubu has said his administration is investing in technology tailored towards ensuring transparency and accountability in government and accelerating public-sector performance and service delivery to the Nigerian people. Speaking during a meeting with Microsoft Founder and Philanthropist, Mr. Bill Gates, on the sidelines of the World Economic Forum Special Meeting […]
(AFRICAN EXAMINER) – This was contained in a statement jointly released by the Association of Licensed Telecom Operators of Nigeria (ALTON) and the Association of Telecommunication Companies of Nigeria (ATCON) on Thursday. The statement was co-signed by ALTON’s Chairman, Gbenga Adebayo; and ATCON’s President Tony Emoekpere. The telcos called upon the government to take decisive […]
(AFRICAN EXAMINER) – The Nigerian National Petroleum Company Limited (NNPC Ltd) has clarified that the tightness in the supply of Premium Motor Spirit currently being experienced in some areas across the country is as a result of logistics issues and that they have been resolved. It also reiterated that the prices of petroleum products are […]
(AFRICAN EXAMINER) – The Federal Competition and Consumer Protection Commission (FCCPC) says the recent price increases in MultiChoice cable subscriptions will reviewed by relevant stakeholders to ensure subscribers in Nigeria get value for their money. During the interview, he provided an update on the summons issued to the owner of a Chinese store in Abuja […]
(AFRICAN EXAMINER) – The Nigerian equity market on Wednesday experienced a downturn, losing N673 billion in market capitalisation due to sell-offs in major stocks like MTN Nigeria and Transcorp Hotel Specifically, the market capitalisation shed 1.20 per cent or N673 billion to close at N55.494 trillion, compared to 56.167 trillion recorded on Tuesday. The All-share […]
(AFRICAN EXAMINER) – Dangote Petroleum Refinery has again announced a further reduction in the prices of both diesel and aviation fuel to N940, N980 per litre respectively. This is coming in the wake of its widely celebrated price reduction to N1,000 barely two weeks ago. The price change of N940 applies to customers buying five […]
(AFRICAN EXAMINER) – ) The share value of FBN Holdings Plc on the stock market fell by 84.32 per cent on Monday, following the announcement of Mr Olusegun Alebiosu as the Managing Director of its subsidiary, First Bank of Nigeria. The appointment followed the resignation of the former Managing Director of the bank, Mr Olusola […]
…Pledges To Transform Nigeria Into Gas-Powered Nation (AFRICAN EXAMINER) – Group Chief Executive Officer, NNPC Ltd, Mr. Mele Kyari has been honoured with the Energy Times’ GCEO of the Year Award in recognition of his commitment to accountability, transparency, and performance excellence. Chief Corporate Communications Officer of the Company, Mr. Olufemi Soneye received the award […]
(AFRICAN EXAMINER) – Bearish sentiment persisted on banking stocks at the equity market on Friday, making the value of transactions traded on the floor of the Nigerian Exchange Ltd.(NGX) down by 2.60 per cent. Analysis of the market activities indicated trade turnover settled lower relative to the previous session. Specifically, investors transacted a total of 257.86 […]
(AFRICAN EXAMINER) – The Central Bank of Nigeria (CBN) governor Yemi Cardoso says the apex bank’s FX reforms have made the naira the best-performing currency globally. Nigeria’s currency lost massively against major currencies in the past few months. But Cardoso, who spoke on Saturday in a briefing on the sidelines of the just-ended World Bank/IMF […]
(AFRICAN EXAMINER) – The National Bureau of Statistics (NBS), says the average price of 5kg cooking gas increased from N6,154.50 recorded in February 2024 to N6,591.62 in March 2024. This is contained in the Bureau’s “Cooking Gas Price Watch’’ for March 2024 released on Friday in Abuja. The report said the March price represented a […]
(AFRICAN EXAMINER) – The International Monetary Fund (IMF) says economic growth in Sub-Saharan Africa (SSA) is projected to rise from 3.4 per cent in 2023 to 3.8 per cent in 2024. Abebe Selassie, Director, African Department, IMF, said this at a news briefing on the IMF’s Regional Economic Outlook for SSA titled “A Tepid and […]
(AFRICAN EXAMINER) – The Federal Road Safety Corps (FRSC) Kaduna State Sector Command, said it has arrested a BUA Company driver who crushed six persons to death and 30 others injured on Kano-Zaria road . The Sector Commander, Mr Kabir Nadabo, confirmed the incident to the News Agency of Nigeria (NAN),on Friday in Kaduna. Nadabo […]
(AFRICAN EXAMINER) – The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has said that it was important to clear about $7bn foreign exchange backlog to restore the confidence of investors. He stated this on Wednesday in Washington DC where he is attending the IMF-World Bank Spring Meetings. “I thought it was very […]
(AFRICAN EXAMINER) – A coalition of foreign and Nigeria based agro companies led by Shine Bridge Incorporated has indicated interest to partner with the Federal Government on large scale commercial cassava processing and food manufacturing. Shine Bridge is a U.S.-based agricultural policy think-tank and food technology transfer company. Dr Tony Bello, Chairman, Shine Bridge, spoke […]
