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NNPC Dispels Rumour On Planned Petrol Pump Price Hike

By Ganiyu Nasirudeen ABUJA, NIGERIA (AFRICAN EXAMINER) – The Nigerian National Petroleum Corporation (NNPC) has urged motorists in Abuja and its environs, as well as the entire country, not to engage in any panic buying of petroleum products. The oil giant assured motorists that it has 1.3billion litres stock of PMS, otherwise called petrol, which […]

Elumelu Leads High-Level Team to World Economic Forum In Davos

*Team Includes Consortium of Heirs Holdings Group Executives Davos, Switzerland – Philanthropist and serial entrepreneur Tony O. Elumelu, CON leads a delegation of senior executives from his proprietary investment firm, Heirs Holdings, to the World Economic Forum (WEF), which begins in Davos, Switzerland today. Elumelu will join global business and political leaders during the event, bringing […]

Davos: Dangote Canvasses Genuine Efforts at Tackling Power Deficit in Africa

BALTIMORE, MD (AFRICAN EXAMINER) – Foremost industrialist and President of Dangote Group, Aliko Dangote on Tuesday told the audience at the World Economic Forum (WEF) holding in Davos Switzerland that a joint effort between government and private sector to tackle the power deficit remained a key element in boosting the economy of Africa. Dangote, who […]

UBA Sends Strong Delegation to World Economic Forum In Davos

Davos, Switzerland, 17 January 2017 – The United Bank for Africa (UBA) will be strongly represented at the annual meeting of the World Economic Forum (WEF), which begins in Davos, Switzerland today. UBA CEO Kennedy Uzoka leads a senior executive team, at one of the most important events on the global economic calendar. The UBA delegation will interact with global business and political leaders during the event. The delegation will also include Group Head […]

United Capital, Societe Generale, Orange, Others Support African SMEs with €77m Fund

Lagos; Nigeria; 17 January 2017:  United Capital Plc, a leading African investment banking group, has partnered with global financial and corporate institutions to set up a Franco-African Investment Fund (FFA), with investible funds of 77 million euro. The aim of the fund is to accelerate the growth of innovative and entrepreneurial African and French small and medium scale enterprises (SMEs) with […]

Fresh Crisis Looms As Heritage Bank Sacks 400 Staffers

BALTIMORE, MD (AFRICAN EXAMINER) – Heritage Bank has embarked on mass retrenchment of its workers with 400 staff sacked in December. Investigations on Monday indicated that more workers are penciled for sack. The bank, in October 2014, acquired Enterprise Bank with about N56bn ($281m). A top management source in the bank, who pleaded anonymity, said […]

Cooking Gas Price Slash Looms As Stranded Consignment Delivered In Lagos

LAGOS, NIGERIA (AFRICAN EXAMINER) – Hope of price slash of the Liquefied Petroleum Gas, (cooking gas) looms as the stranded vessel on the water with the product has finally delivered its consignment in Lagos. The Punch reported that the General Manager External Relations, NLNG, Kudo Eresia-Eke, said in an emailed statement, “NLNG’s LPG vessel successfully […]

MTEF, Aviation Crisis, CAMA, UBEC Amendment Top Senate Plenary This Week

Ayodele Afolabi, Abuja ABUJA, NIGERIA (AFRICAN EXAMINER) – The passage of the Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) preparatory to working on the 2017 budget, amendment of the Company and Allied Matters Act (CAMA) and the Universal Basic Education Act as well as the continuation of the Ministerial Briefing on the […]

Dangote Sets Up Truck Assembly Plant in Lagos, to Provide 3,000 Jobs

LAGOS, MD (AFRICAN EXAMINER) – Determined the tap into the opportunity provided by the scarcity of forex in the country to create jobs, foremost entrepreneur, Aliko Dangote has embarked on the establishment of multi-million dollar vehicle assembly plant project in Lagos Specifically, the plant will be churning out heavy duty trucks on which his conglomerate, […]

NUPENG, PENGASAN Suspend Anti-Labour Practices Strike

ABUJA, NIGERIA (AFRICAN EXAMINER) – The three-day warning strike embarked upon by members of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has been suspended. While the workers suspended their actions Wednesday which was in protest against anti-labour practices in the oil and gas sector, their counterparts under the Petroleum and Natural Gas Senior Staff Association of […]

NNPC Moves To Pacify Niger Delta Stakeholders To Pipeline Vandalism

By Ganiyu Nasirudeen ABUJA, NIGERIA (AFRICAN EXAMINER) – The Nigerian National Petroleum Corporation (NNPC) has hinted it will include stakeholders such as security agencies, Niger Delta leaders, IOCs in its security advisory council which would address all security and host community agitations. This measure the oil empire said Thursday is aimed at steming pipeline vandalism […]

NNPC Announces Oando, 38 Other Bidders For 2017/2018 Crude Oil Contract

By Ganiyu Nasirudeen ABUJA, NIGERIA (AFRICAN EXAMINER) – The Nigerian National Petroleum Corporation (NNPC) has announced the list of 39 successful bidders for the 2017/2018 crude oil term contract. The Group General Manager, Crude Oil Marketing Division (COMD) of the Corporation, Mr. Mele Kyari announced that the contract would run for one year effective from […]

Tony Elumelu Foundation Opens Applications For 3rd Cycle of Entrepreneurship Programme

…2,000 Entrepreneurs And Counting January 1, 2017; LAGOS, NIGERIA – Africa’s largest business incubator, The Tony Elumelu Foundation (TEF), is now accepting applications from African entrepreneurs, with business ideas that can transform Africa.  The application portal is open and accepting submissions until Midnight WAT on March 1, 2017. To apply, complete the online application at: www.tonyelumelufoundation.org/programme. Successful applicants will join the third cycle of the TEF Entrepreneurship Programme, TEF’s 10-year, $100 million commitment to train, mentor and fund 10,000 African entrepreneurs in every African […]

NCAA Orders Arik Air To Pay Compensation To Disappointed Passengers

By Niyi Adeyi LAGOS, NIGERIA (AFRICAN EXAMINER) – For failing to carry the luggage of its passengers from London to Lagos, the Nigerian Civil Aviation Authority (NCAA) has slammed Arik Air with fine as compensation to the affected customers. The fine was stated in a statement issued Tuesday in Lagos by the NCAA General Manager […]

Experts, Customers Admit Heritage Bank is Distressed

LAGOS, NIGERIA (AFRICAN EXAMINER) – The insolvency challenge presently confronting Heritage Bank is expected, given the unethical conducts by its topmost management members, thus it might require an extraordinary ”midas touch” for the commercial bank to get through its present mess, experts have declared. When AFRICAN EXAMINER further researched into the prevailing misfortune of the […]

Firstbank Chairman, Awosika Speaks With CNN On Breaking The Glass Ceiling

Mrs. Ibukun Awosika, Chairman, First Bank of Nigeria Limited and renowned entrepreneur will be speaking with CNN’s Zain Asher on how she launched into Entrepreneurship before she turned 26.  Awosika who is also the first female chairman of Nigeria’s premier financial institution, First Bank of Nigeria Limited will  share  her challenges and how she was able […]

Apple Appeals Against EU Alleged Illegal Tax Arrangements

BALTIMORE, MD (AFRICAN EXAMINER) – After being sanctioned, tech giant, Apple has filed an appeal against a European Union, which ordered it to pay €13bn (£11bn) in back taxes in the Republic of Ireland. It would be recalled that in August, the EU ruled that Apple’s tax arrangements in Ireland were illegal and demanded the […]

MMM Admits Accounts Freezing; Denies Total Collapse

By Niyi Adeyi LAGOS, NIGERIA (AFRICAN EXAMINER) – Despite freezing the accounts of the subscribers, owner of Ponzi scheme – Mavrodi Mondial Movement, otherwise referred to as MMM Nigeria, has denied that the scheme has crashed. In recent times, participants have been complaining that they could not access their deposit; a situation that has resulted […]

Apple Absolves Self From iPhone Battery Fire Cases

BALTIMORE, MD (AFRICAN EXAMINER) – Apple has linked “external factors” to some iPhone battery “fires” in China. Eight users so far, have complained to Shanghai’s consumer watchdog that their iPhone 6 series handsets spontaneously combusted or exploded. Watchdog’s report quoted a customer as saying her iPhone 6S Plus exploded in August; shattering the screen and […]

$30 Billion Loan Is Inevitable With Economic Recession – Odigie-Oyegun

By Ayodele Afolabi DELTA, NIGERIA (AFRICAN EXAMINER) – The National Chairman of the All Progressives Congress (APC), Chief John Odigie-Oyegun has defended the borrowing plans of the President Muhammadu Buhari-led administration, saying the facility is inevitable in view of the current economic realities in the country. Chief Odigie-Oyegun said Nigeria must borrow to invest in […]

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AFCON GABON 2017 Results:

Latest Results:
(Group D) 21 January 2017
• Ghana 1 - 0 Mali
• Egypt 1 - 0 Uganda

(Group A) 22 January 2017
• G/Bissau vs Burkina Faso
• Cameroon vs Gabon

More Results



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