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Tony Elumelu Donates Technology Centre To Alma Mater

(AFRICAN EXAMINER) – Chairman of UBA Group, Tony O. Elumelu, has  made the donation of a multipurpose information technology centre to his alma mater, Ambrose Ali University. Through the UBA Foundation, the corporate social responsibility arm of the United Bank for Africa Plc (UBA), Elumelu has championed the construction of a state-of-the-art multipurpose information technology […]

Tony Elumelu Foundation Opens Application Portal for 2020 Entrepreneurship Programme

Highlights: Sixth Year of Programme and Tenth Anniversary of Foundation see Significant Enhancements to the TEF Entrepreneurship Programme Creating a Personalised Entrepreneurship Journey for Applicants and Greatly Increased Access to Programme and Knowledge Base Applications made through TEFConnect, Africa’s largest digital entrepreneurship network (AFRICAN EXAMINER) – The Tony Elumelu Foundation (TEF) has opened its application […]

FG Exempts Firms With Below N25m Turnover From Paying Tax

(AFRICAN EXAMINER) – The Federal Government (FG) has announced that small businesses with turnover less than N25m will be exempted from paying Companies Income Tax (CIT). Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed while disclosing this Monday explained that the policy would be effective once the Finance Bill 2019, is signed into law. Contrary […]

UBA Recruits 4000 New Staff; Promotes, Increases Salaries By 170%

(AFRICAN EXAMINER) – Over 5,000 staff of the United Bank for Africa (UBA) Plc, started the new year with a lot of cheer as the bank yesterday announced its promotion to new grades as well as salary upgrades with immediate effect this January.  Those who are beneficiaries of this exercise will receive up to 170% […]

Aliko Dangote’s Fortune Increased By $4.3bn In 2019

…Worth $14.8bn, only African on top 100 world richest (AFRICAN EXAMINER) – African richest man Aliko Dangote has significantly moved up in the World billionaires’ list as he emerged 96th richest person in the world, with an estimated worth of $14.8 billion, as against his previous ranking of 103rd in the world.  Dangote, who remains the […]

NNPC Posts N13.23billion Trading Surplus in October

… Records 81 Per cent Drop in Pipeline Vandalism  (AFRICAN EXAMINER) – The Nigerian National Petroleum Corporation (NNPC) has announced a trading surplus of ₦13.23billion in October 2019, representing an increase of 54 percent vis-à-vis the ₦8.59billion surplus posted in September last year. The NNPC, in a release signed by its Acting Group General Manager, […]

Tony Elumelu Foundation Announces Final Lists of Entrepreneurs for Inaugural TEF-UNDP Programme

(AFRICAN EXAMINER) – The Tony Elumelu Foundation (TEF)—the private-sector-led philanthropy focused on empowering African entrepreneurs—has announced a final list of 2,100 entrepreneurs to benefit from the inaugural TEF-UNDP Entrepreneurship Programme. The Programme targets small business owners in rural communities across the 7 Sahel countries of Africa – Nigeria, Niger, Chad, Mauritania, Burkina Faso, Mali and Cameroon. […]

Firstbank Partners With Africa Fashion Week, Promotes Small Businesses Growth

(AFRICAN EXAMINER) – First Bank of Nigeria Limited sponsored the sixth edition of the Africa Fashion Week, Nigeria which held on Friday and Saturday, 20 – 21 December 2019 at the Lagos Oriental Hotel, Victoria Island, Lagos. The Africa Fashion Week, Nigeria, is a convergence of fashion entrepreneurs and the general public to promote the creativity and […]

Nigeria Studying Adoption Of Eco As ECOWAS Common Currency, Says Finance Minister

(AFRICAN EXAMINER) – The Federal Government says it is studying the situation on change of West African Economic and Monetary Union (UEMOA) currency, Eco, to be used as ECOWAS single currency. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed,made this known in a statement by Yunusa Abdullahi, her Special Adviser, Media and […]

UBA Staff Give Back During “Each One, Teach One” Initiative

UBA Foundation, the corporate social responsibility arm of the United Bank for Africa (UBA) Plc, on Friday held the 2019 edition of its annual Each One, Teach One initiative, hosting a huge impact day in Nigeria and across all its subsidiaries in Africa. The Each One, Teach One initiative is part of UBA Foundation’s activities […]

NLNG Train 7 Receives Boost with Gas Supply Agreement

…To Generate $9bn for FG, 10,000 Direct Jobs (AFRICAN EXAMINER) – A critical step towards the realization of the Train 7 Project of the Nigeria Liquefied Natural Gas (NLNG) was taken Friday in Abuja with the signing of a Gas Supply Agreement between the company and major gas producers. Speaking on the significance of the […]

Firstbank Announces Appointment Of Yakubu Wanka As Non-Executive Director

 (AFRICAN EXAMINER) –  First Bank of Nigeria Limited, Nigeria’s premier and leading financial services provider, today announced the appointment of AlhajiAdo Yakubu Wanka as Non-Executive Director.  Speaking on his appointment, Dr. Adesola Adeduntan, Chief Executive Officer, First Bank of Nigeria Limited said, “We are delighted to welcome AlhajiAdo Yakubu Wanka, to the FirstBank Board. We are […]

Girls Dominate 2019 UBA Foundation National Essay Competition

…As Jolaosho Otokini Of Declared Overall Winner (AFRICAN EXAMINER) – It was an all-female top three affair, as 14 year-old Jolaosho Oluwatoroti Otokini of Louisville Girls High School, Ogun State, emerged the overall winner of the 2019 edition of the UBA Foundation National Essay Competition, winning the grand prize of an educational grant of N2,000,000.00 to study […]

Again, UBA Group Emerges African Bank of the Year

Photo caption: CEO, UBA Africa, Mr Victor Osadolor (middle) with  the “African Bank of the Year 2019” won by United Bank for Africa(UBA) Group at The Bankers Awards held in London. …Subsidiaries Win Best Bank In Benin, Chad, Cote D’Ivoire, Gabon, Congo, Sierra Leone  (AFRICAN EXAMINER) – The Banker Magazine has once again selected leading […]

Tony Elumelu Foundation to Open Applications for 2020 TEF Entrepreneurship Programme On January 1

(AFRICAN EXAMINER) – The Tony Elumelu Foundation (TEF) — Africa’s leading philanthropy dedicated to empowering African entrepreneurs — will begin accepting applications for the 2020 cohort of the TEF Entrepreneurship Programme, on January 1, 2020. Applications are made through TEFConnect, the digital networking hub for the African entrepreneurship ecosystem, created by the Foundation. The TEF […]

Twitter Moves to Purge Out Dormant Accounts

(AFRICAN EXAMINER) – Twitter is set to begin massive purging of accounts that have been inactive for over six months. The social media platform said the affected accounts will be spared, provided the owners log in before Wednesday, December 11 deadlines. The ‘’cull’’ Twitter disclosed will include users who have stopped posting to the site because […]

Senate Passes 7.5 Percent VAT Bill

(AFRICAN EXAMINER) – The Senate has passed the Finance Bills seeking to amend taxes payable in Nigeria, including the Value Added Tax (VAT). From the outset, five per cent is legalized and paid as VAT on certain products, including pharmaceutical products, among others. The bill which was passed Thursday specifically seeks an increment of the value-added […]

UBA Group Gets Double Honours; Wins CEO, 2019 Bank Of The Year

Photo:  Executive Director, United Bank for Africa (UBA) Plc, Mr. Ayoku Liadi, representing GMD/CEO, UBA Plc, Mr. Kennedy Uzoka, receiving awards of ‘Banker of the Year’ won by Uzoka and the ‘Bank of the Year’ won by UBA Plc from Chairman and Guest Speaker, Professor Anya O, Anya and Chairman, Public Policy Forum, Professor, George […]

“Dana Air Flew 2.7 Million Passengers In 11 Years”

(AFRICAN EXAMINER) – Dana Air, on Tuesday, said it had flown 2.7 million passengers in its 11 years of operation in Nigeria. The airline’s Chief Operating Officer, Mr Obi Mbanuzuo, made the disclosure in a statement issued in Lagos to commemorate the 11th anniversary of the airline. Mbanuzuo said that the airline celebrated the anniversary […]

Fidelity Bank Celebrates 2019 Compliances And Ethics Week

(AFRICAN EXAMINER) – As part of sustained efforts to promote ethical values and professionalism within the bank, Fidelity Bank Plc, weekend disclosed plans to participate in this year edition of the Corporate Compliance and Ethics Week. Commencing on November 3 and running up until Friday, November 08, the bank has organised series engagement initiatives that […]

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