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UBA Wins Big at Finacle Client Innovation Awards


BALTIMORE, MD (AFRICAN EXAMINER) – United Bank for Africa has continued to receive accolades and global recognition for its commitment to the use of cutting-edge technology to provide simple and convenient banking solutions and services to its customers. The pan African banking Group was adjudged winner in two categories at the recently concluded Finacle Client Innovation Awards […]

$13.9bn MTN Capital Flight: Senate Summons Trade Minister, Niger Governor’s Father, Others, For Questioning


Ayodele Afolabi ABUJA, NIGERIA (AFRICAN EXAMINER) – The Senate has summoned the Minister of Trade and Investment, Dr Okechukwu Enelamah, Niger State Governor’s father, Colonel Sani Bello and 12 others to appear before it next week Thursday next week over alleged $13.9billion capital flight between 2006 and 2016 in collaboration with Mobile Telecommunication of Nigeria […]

UBA Grows Profit to N62 Billion in Nine Months


BALTIMORE, MD (AFRICAN EXAMINER) – Leveraging its expansive footprint, pan-African banking group, United Bank for Africa Plc (“UBA” or “the Bank”), announced its unaudited Third Quarter Financial Results, showing a 7% year-on-year growth in profit before tax to N62 billion despite the challenging macro-economic environment. This represents an impressive 18.2% annualized return on average equity. The Bank recorded an […]

Global Recession: IMF Slashes UK Economic Growth Rating For 2017


BALTIMORE, MD (AFRICAN EXAMINER) – The impacts of Brexit on UK fortunes are still counting as the International Monetary Fund (IMF) just cut its forecast – rating for her economic growth next year. This is amidst the speculation and warning that the global recovery will remain “weak and precarious”. Unlike the its prediction which raised […]

Nigeria Is Committed To More Investment On Health, Agriculture, Others With India – Buhari


ABUJA, NIGERIA (AFRICAN EXAMINER) – President Muhammadu Buhari Tuesday pledged Nigeria will continue to expand its relationship with India in the areas of health, education, agriculture, technology and trade. The President made the promise while receiving the Indian Vice President, Mohammad Hamid Ansari, at the State House. Buhari confirmed Nigeria had over the years benefited […]

FirstBank Offers Exciting Educational Solutions to Schools


It is the beginning of another school term and as students return to school after the long holidays, First Bank of Nigeria Limited, Nigeria’s most valuable Bank brand is again set to support schools with their educational requirements to enhance preparations for the school year. FirstBank has developed an array of products and solutions targeted […]

UBA Wins Big at Annual Businessday Banking Awards 


LAGOS, NIGERIA (AFRICAN EXAMINER) – Pan-African banking group, United Bank for Africa (UBA) Plc at the weekend carted home two very important laurels at the annual Businessday Banking Awards, winning the Best Bank in Sub-Saharan Africa and the Best Bank in support of Agriculture. The first award, the “Best Bank in sub-Saharan Africa award is […]

Arisekola’s Debt Recovery: First Bank Discredits Forgery Reports


By Seun Adebosin BALTIMORE, MD (AFRICAN EXAMINER) – First Bank of Nigeria (FBN) has discredited the media publications on allegation of forgery against its officers, by late Abdul Azeez Arisekola Alao’s son, Ismail, with respect to the Deed of Guarantee of Lister Oil Limited. FBN in a statement made available to AFRICAN EXAMINER confirmed that […]

Save us from Total Collapse, Airline Operators Beg FG


Ayodele Afolabi, Abuja BALTIMORE, MD (AFRICAN EXAMINER) – Airline operators in Nigeria have cried out to the federal government to bail them out of imminent collapse from the business by making available for them, a Special Intervention Fund to remain afloat. The operators made the appeal on Wednesday at an emergency interactive session with the […]

Buhari Commends FB Founder, Zuckerberg For Inspiring Nigerian Youths


I Visit to Promote “fast and cheap” internet connectivity – Zuckerberg ABUJA, NIGERIA (AFRICAN EXAMINER) – President Muhammadu Buhari Friday in Abuja commended the Chief Executive Officer (CEO) and Co-founder of foremost social networking website, Facebook, Mark Elliot Zuckerberg for sharing his wealth of knowledge with Nigerian youths and inspiring a new generation of entrepreneurs. […]

NCAA Announces Suspension Of Operations By Another Airline, The First Nation


By Niyi Adeyi LAGOS, NIGERIA (AFRICAN EXAMINER) – Barely 24 hours the management of Aero Contractors Airlines announced suspension of its scheduled services, the Nigerian Civil Aviation Authority (NCAA) has made public, similar development in another Nigerian carrier, the First Nation airline. The agency Director-General Capt. Muhtar Usman, in a statement issued in Lagos Thursday […]

Recession: Aero Contractors Commences Suspension of Services September 1


By Niyi Adeyi LAGOS, NIGERIA (AFRICAN EXAMINER) – Owing to the lingering lull in the country’s economy, the management of Aero Contractors Airline has announced its plan to suspend scheduled services from Thursday, September 1, 2016. The airline Wednesday explained that the move was part of the strategic business realignment to reposition the organization and […]

EU Orders Apple To Pay Ireland 11b Pounds In “Back Taxes”

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BALTIMORE, MD (AFRICAN EXAMINER) – The European Commission (EU) has ruled that Ireland should recover up to €13bn (£11bn) from the US giant Apple in back taxes. The Commission handed down the ruling after concluding its three years investigation. It held that Irish’s tax benefits were illegal. EU held that Ireland enabled Apple to pay […]

Facebook Overhauls Site To Allow More Auto Operations


BALTIMORE, MD (AFRICAN EXAMINER) – One of the foremost social media, Facebook FB has overhauled the users’ feature on its site to make posts more automated after claims of left-wing bias. FB’s 1.7 billion users see news stories and topics picked using a mixture of AI and human input. With the modification, the company stated […]

US Nigerian Animator Second Creation Debuts


BALTIMORE, MD (AFRICAN EXAMINER) – Young Nigerian animator, Roye Okupe’s prominence is soaring as he has been featured on the popular American news site – Washington Post just as his second work arrived the country. The Computer Scientist gained the distinct media mentioning over his a comic book company, YouNeek Studios. Okupe arrived in the […]

WhatsApp Sets To Commence Sharing Of Facebook Data; Company Messages Among Users


BALTIMORE, MD (AFRICAN EXAMINER) – Trending social medium – WhatsApp has announced its readiness to begin sharing of more data with the Facebook as well as start allowing some companies to send messages to users. The development makes it the first time WhatsApp will change its privacy policy since its debut by Facebook in 2014. […]

At Kuru: Elumelu Tasks Nation’s Policy Makers on Poverty Reduction


Lagos, Nigeria, August 25, 2016 ­– Tony O. Elumelu, Chairman of Heirs Holdings and United Bank for Africa (UBA) has advocated entrepreneurship as a veritable solution to achieving poverty reduction in the country. Elumelu who is also the Founder of The Tony Elumelu Foundation delivered a paper themed: “Entrepreneurship, Corporate Social Responsibility and Africapitalism: The Role of […]

TSA Remittance: UBA Not Barred from Foreign Exchange Market


BALTIMORE, MD (AFRICAN EXAMINER) – The United Bank for Africa (UBA) has denied media reports that it has been banned by the Central Bank of Nigeria (CBN) from Foreign Exchange Market over non-remittance of NNPC/NLNG dollar deposits. A statement issued by the Head, corporate communications of the bank, Mr Charles Aigbe said UBA has completely remitted […]

Firstbank Names Patrick Iyamabo as New Chief Financial Officer


LAGOS, NIGERIA (AFRICAN EXAMINER) – First Bank of Nigeria Limited, Nigeria’s most valuable banking brand and foremost financial institution, today announced the appointment of Mr. Patrick Iyamabo as its new Chief Financial Officer (CFO). The appointment follows the elevation of the former CFO, Dr. Adesola Adeduntan to Managing Director/CEO of the Bank. Mr. Iyamabo’ s […]

Recession: CBN Reviews Forex Limits to Bureau De Change


ABUJA, NIGERIA (AFRICAN EXAMINER) – As parts of the measures to improve the country’s monetary policy, the Central Bank of Nigeria (CBN) has reviewed weekly collection of the licensed Bureau De Change to $50,000 as against former $30,000. The new policy was announced Tuesday by the CBN’s Director, Banking Supervision Department Mrs. Tokunbo Martins while addressing journalists, after […]

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