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European Commission Fines Google £4.34bn Over Android

(AFRICAN EXAMINER) – The European Commission has fined Google with a record €4.34bn ($5bn; £3.9bn) over Android. The Commission alleged that the firm had used the mobile operating system to illegally “cement its dominant position in general internet search”. Consequently, the firm’s parent – Alphabet has been given 90 days timeline to change its business […]

Nigerian Govt Says Its National Airline Will Take off Before December

(AFRICAN EXAMINER) – The Nigerian government has said the proposed national airline for the country would be unveiled before the end of the year. The Minister of State for Aviation, Sen. Hadi Sirika gave the assurance while receiving the Outline Business Case Certificate of Compliance for the establishment of the airline from Mr Chidi Izuwah, […]

Elumelu Pledges N500m to Boost Entrepreneurship in Delta

(AFRICAN EXAMINER) – Tony Elumelu Foundation (TEF) Founder and Chairman of United Bank for Africa (UBA), Tony O. Elumelu has pledged N500 million to create an entrepreneurship programme exclusive to indigenes of the state. He made the commitment after presenting 50 beneficiaries of the TEF Entrepreneurship Programme to Governor Ifeanyi Okowa. He said “Your Excellency, […]

Air Peace Dismisses Prophecy Of Impending Accident as Fake

(AFRICAN EXAMINER) – Air Peace on Friday urged members of the public to ignore a recorded voice message warning them not to patronise the airline and some other air and land transport companies. The airline, in a statement signed by its General Manager, Corporate Communications, Mr Chris Iwarah described the message as fake. “We would […]

CBN Boosts Forex Market With $210 Million

(AFRICAN EXAMINER) –  Mr Isaac Okorafor, Acting Director, Corporate Communications, Central Bank of Nigeria (CBN) said the apex bank boosted the foreign exchange market with 210 million dollars to meet customers’ requests in various segments. Okoroafor said this in a statement on Wednesday in Abuja. According to him, the bank, in its desire to meet […]

Fidelity Bank Launches FlashKey, an Innovative Phone keyboards Payments Solution

Photo: Fidelity Bank CEO, Mr. Nnamdi Okonkwo (AFRICAN EXAMINER) – Fidelity Bank Plc, launched an innovative solution designed primarily to allow customers send money and pay bills using their phone keyboards without recourse to the online banking platform installed on their mobile devices. The solution known as Flashkey is a ground-breaking initiative; a first its kind […]

Nigeria’s Inflation Drops to 11.61 % in May, Says Bureau of Statistics

(AFRICAN EXAMINER) –  The National Bureau of Statistics (NBS) says the Consumer Price Index (CPI), which measures inflation for May, decreased to 11.61 per cent (year-on-year) from 13.34 per cent recorded in April. The NBS disclosed this in its CPI and inflation Report for May released on Wednesday in Abuja. According to the bureau, this […]

Dangote Emerges as Most Admired African Brand

(AFRICAN EXAMINER) – Dangote Group, from Nigeria has emerged as the most admired African brand, of African continent origin, by consumers ahead of telecommunication giant, MTN according to the South African based Brand Leadership Movement in collaboration with the Johannesburg Stock Exchange (JSE). The Dangote brand which is also the leading brand in Nigeria came […]

Panel Recovers N2.1Bn Fraudulently Stashed in Heritage Bank

…Other Properties Recovered too (AFRICAN EXAMINER) – The Special Presidential Investigation Panel (SPIP) for the Recovery of Public Property says it has recovered seven dollars million (N2.1 billion at official rate) illegally stashed in Heritage Bank. Chairman of the panel, Mr Okoi Obono-Obla, disclosed this while briefing President Muhammadu Buhari on activities of the panel. […]

Fidelity Bank collaborates with NGOs Ahead of 2018 World Sickle Cell Day

 Photo: L-R: Director, Sickle Cell Foundation of Nigeria, Ayo Otaigbe; Head, Human Resource Recruitment/ CSR & Sustainability, Fidelity Bank Plc. Chris Nnakwe; Chairperson, Coalition of Sickle cell NGOs Toyin Adesola; Product Manager, Electronic Banking, Fidelity Bank Plc. Daniel Azike during a press briefing in Lagos. (AFRICAN EXAMINER) – Fidelity Bank Plc has partnered with Coalition of Sickle […]

UBA’s LEO Launched in Cameroon, Zambia, CDI, Senegal, Congo

(AFRICAN EXAMINER) – United Bank for Africa (UBA) Plc’s flagship Chat Banking personality, Leo, is set to change the face of e-banking across Key African markets following its launch in Cameroon, Zambia, Cote D’Ivoire, Senegal and Congo. Already Leo which has been very active in Africa’s biggest market, Nigeria, has brought ease to the customers, as it has […]

Buhari Appoints New CBN Deputy Governor

(AFRICAN EXAMINER) – President Muhammadu Buhari has approved the appointment of Mr. Folashodun Adebisi Shonubi as Deputy Governor at the Central Bank of Nigeria. Mr. Folashodun Shonubi is currently the Managing Director of the Nigeria Inter-Bank Settlement System Plc (NIBSS) – the financial payments, facilitation and settlement platform – which has been instrumental to the growth […]

Stakeholders Want Minimal Govt’s Involvement In New National Carrier

(AFRICAN EXAMINER) – Aviation professionals, under the aegis of Aviation Round Table (ART), on Friday advised the Federal Government to be minimally involved in the proposed new national carrier. The group’s President, Mr Gbenga Olowo, gave the advice in a statement issued in Lagos. The News Agency of Nigeria (NAN) reports that the Federal Government […]

Naira Weakens Against Dollar at Parallel Market

(AFRICAN EXAMINER) – The Naira on Wednesday fell by one point exchanging at N361.5 to the dollar at the parallel market in Lagos, the News Agency of Nigeria (NAN) reports. The Nigerian currency had exchanged at N360.50 to the dollar on Tuesday. The Pound Sterling and the Euro closed N484 and N420, respectively at the […]

AfDB to Assist São Tomé and Príncipe Develop Blue Economy Strategy

By Eric Ojo, Abuja (AFRICAN EXAMINER) – Africa’s premier development finance institution, the African Development Bank (AfDB) has expressed its willingness to help São Tomé and Príncipe to develop a blue economy strategy. The AfDB which currently operates in 41 African countries with an external office in Japan, contributes to the economic development and the […]

New Alcohol, Tobacco Excise Duty in Nigeria Kick Off Monday

(AFRICAN EXAMINER) – The new excise duty for alcoholic beverages and tobacco earlier approved by President Muhammadu Buhari will take effect from Monday, June 4, 2018, says the Federal Government. The News Agency of Nigeria (NAN) recalls on Sunday that the Minister of Finance, Mrs Kemi Adeosun, in March announced that the president had granted […]

Naira Appreciates Against Dollar at Parallel Market

(AFRICAN EXAMINER) – The Naira on Thursday appreciated against the dollar at the parallel market in Lagos. The Nigerian currency gained one point to exchange at N362, stronger than N363 posted on Wednesday, while the Pound Sterling and the Euro traded at N494 and N424, respectively. Trading at the Bureau De Change window saw the […]

ImpactHER Trains Women to Scale up Business, Access Institutional Capital

(AFRICAN EXAMINER) – A non profit, female centric organisation, ImpactHER, has successfully concluded the training of female African entrepreneurs on how to access finance from corporate organisations for the growth of their business. The training conference held last week in Canton Concourse, Maroko, Lagos, saw over 100 women engaged in different lines of business in attendance. […]

Taraba First Lady Hails Fidelity Bank Over Donation to Children with Disabilities

Photo: L-R: Commissioner, Urban & Regional Planning, Taraba, Hon. Hassan Beppah; Principal, Precious Kids School, James Ayagwa; Branch Leader, Jalingo, Fidelity Bank Plc, Kabir Abdurrahman; Head, Corporate Social Responsibility & Sustainability, Fidelity Bank Plc, Chris Nnakwe; Taraba Firstlady, Barr. Anna Ishaku and Regional Bank Head (RBH), North East, Musa Tarimbuka. (AFRICAN EXAMINER) – Fidelity Bank Plc, in […]

FirstBank Announces Winners of its Visa Gold Card Promo

Photo: R-L: Ehimika Ivbuobe, Business Manager, FirstBank; Bello, Hadizat Esohe, winner of the FirstBank Visa Gold Card World Cup Promo;  Bello Mohammed, winner’s son and Erhunwunse Osarumwense, Relationship Manager, FirstBank. …Winners to Watch 2018 World Cup Live in Russia (AFRICAN EXAMINER) – First Bank of Nigeria Limited in partnership with Visa International has announced the […]

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