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UBA, First Bank Say No Hidden TSA Funds Left in their Books

(AFRICAN EXAMINER) – Nigeria’s two big commercial banks, United Bank for Africa and First Bank have washed their hands clean of the controversial Treasury Single Account (TSA) funds collected on behalf of the government. In a statement signed by UBA head of Corporate Communications, Bola Atta, the bank explained that it has remitted all the […]

UBA Increases International Spend Limit on Naira Cards to $2000

(AFRICAN EXAMINER) – Pan-African financial institution, United Bank for Africa (UBA) Plc has announced an immediate upward review of the monthly international spend limit on its debit and prepaid Naira cards from $100 to $2,000. The upward review, which represents a marked increase by 1,900 per cent, allows customers to withdraw up to $2,000 per […]

FirstBank Raises Limits on International Payments with Naira Cards to $1,100

(AFRICAN EXAMINER) – First Bank of Nigeria has announced raising the limits on international transactions on Naira Cards to $1,100 monthly across ATMs, PoS, and online channels, with the daily ATM withdrawals also raised to $300. The Bank in a statement said the increase is in line with its drive to promote convenience and ease […]

Transcorp Hilton Abuja Celebrates 30 year Anniversary

(AFRICAN EXAMINER) – The award winning Transcorp Hilton Abuja hotel in Nigeria is celebrating its 30th anniversary this year, having officially opened its door to its first guest on the 21st of April, 1987. The iconic hotel, which has through the years, hosted Royalty, Presidents, Global leaders, celebrities and other dignitaries, gathered friends, partners, clients, […]

Troubled Etisalat Nigeria Changes Name to 9Mobile

BALTIMORE, MD (AFRICAN EXAMINER) – Finally, the troubled Etisalat Nigeria has been rebranded as the 9Mobile. Etisalat International last week gave its Nigerian arm three weeks to execute its final phase out process, including unveiling the new brand of the fourth Nigerian GSM services provider.    Etisalat International finally pulled out of the Nigeria due […]

Bakers Groan Over Multiple Taxation in South-East

From Ignatius  Okpara,  Enugu   (AFRICAN EXAMINER) – The South-East branch of Association of Master Bakers and Caterers of Nigeria, AMBCN, have decried the imposition of multiple taxation on its members by various  state governments in the zone, saying the situation has remained a serious cog in the wheel of the organization. It also identified […]

Etisalat Nigeria Says Brand, Name Change Will Not Affect Its Services

BALTIMORE, MD (AFRICAN EXAMINER) – Operator of Etisalat Nigeria – Emerging Markets Telecommunication Services Ltd (EMTS) Tuesday declared that the operations of the fourth Nigerian GSM provider will not be affected despite the expected change of brand. Etisalat International Monday finally announced its withdrawal Monday but gave its Nigerian arm the next three weeks for […]

FirstBank Appoints Abdullahi Ibrahim as Executive Director

Photo caption: Mr. Abdullahi Ibrahim (AFRICAN EXAMINER) – First Bank of Nigeria Limited, Nigeria’s most valuable banking brand and foremost financial institution, today announced the appointment of Mr. Abdullahi Ibrahim as an Executive Director. Prior to this appointment, Abdullahi was the Bank’s Group Executive, Retail Banking North. Mr. Ibrahim’s appointment is in sync with FirstBank’s strong […]

UBA Takes its Read Africa Initiative to Ghana

The UBA Foundation, the Corporate Social Responsibility arm of the United Bank for Africa (UBA) Plc, continued on its quest to educate and empower African youths as it visited the Accra High School in Ghana. UBA Foundation’s Read Africa Initiative was launched in 2011 and has been changing the lives of African students across the […]

Guinness Nigeria Receives SEC, NSE Approvals to float N39.7bn issue

(AFRICAN EXAMINER) – Guinness Nigeria Plc has received the Securities and Exchange Commission (SEC) and the Nigerian Stock Exchange (NSE)’s approvals to float a rights issue of N39.70 billion. The company said in a statement on  in Lagos that it had received clearance of the issue documents from both regulators to list the new shares […]

Troubled Etisalat Nigeria Constitutes New Board

By Niyi Adeyi   One of the GSM service providers, Etisalat Nigeria has confirmed ongoing restructuring within the organization as well as existence of the new board. In a statement issued by the multinational Tuesday, the new board Chairman is Dr. Joseph Nnanna, while Messrs Oluseyi Bickersteth; Ken Igbokwe; Boye Olusanya and Mrs Funke Ighodaro […]

Elumelu Hails  Afreximbank, Urges Other DFIs to Support African Businesses

(AFRICAN EXAMINER) – At the 24th Annual General Meeting of the African Export-Import Bank (Afrexim), held in Rwanda, Tony O. Elumelu, CON, Chairman of Heirs Holdings and the Tony Elumelu Foundation, congratulated Afrexim for the critical support that the Bank, led by President Oramah, provides for African businesses and its significant contribution to the development […]

Labour Hails Dangote on Investment Drive, Employment, Youth Empowerment

(AFRICAN EXAMINER) – Following his fresh investments in automobile and agriculture, the organized labour in the country has commended Alhaji Aliko Dangote, President and the Chief Executive of Dangote Group for promoting investments and creating thousands of direct and indirect youth employments across the country and in Africa. The labour said Dangote’s patriotism remains unparalleled […]

Ex-Skye Bank Manager Jailed  for One Year over N200m Fraud

(AFRICAN EXAMINER) – The Economic and Financial Crimes Commission, EFCC has secured the conviction of Tajudeen Yusuf, a former branch manager of Skye Bank, Jos, before Justice Ambrose Alagwa of Federal High Court 1, Jos. The convict who was prosecuted on a 5-count charge, following a complaint by his employers, allegedly defrauded Alhaji Usman Tetengi, […]

New Owner to Rename Trump Hotel in Toronto

The new owner of the Trump Hotel and Tower in Toronto has reached an agreement to remove the US president’s name from the property. JCF Capital ULC announced on Tuesday a deal with Trump Hotels to buy out its management contracts for the hotel. The amount of the deal was not disclosed. There is no […]

EU Slams $2.7bn Fine on Google Over Alleged Fraudulent Practices

BALTIMORE, MD (AFRICAN EXAMINER) – US Internet search engine – Google has been slammed with the fine $2.7bn by the European Commission EU over alleged abuse of its power. Specifically, EU is accusing Google of promoting its own shopping comparison service at the top of search results. The fine came amidst complaints by many firms […]

Nigeria Loses More than 140 Billion Weekly to Apapa Gridlock -Dangote

President of Dangote Group, Aliko Dangote has lauded the decision of the Federal Government to reconstruct the failed Apapa Wharf road as its grim state serves as both an embarrassment to the country and a huge financial loss to the government on a weekly basis. Dangote who spoke on Tuesday said “The economy loses more […]

N2.5 Trillion Debts: AMCON Says Judiciary Frustrating Recovery Efforts

Photo caption: Managing Director/Chief Executive Officer (CEO) of AMCON, Mr. Ahmed Kuru From  Ignatius Okpara, Enugu (AFRICAN EXAMINER) – The Asset Management Corporation of Nigeria (AMCON), has accused the nation’s judiciary of constituting a stumbling block in its efforts towards recovering a whopping sum of 2.5 trillion being owed the federal government  by about 350 persons […]

UBA Emerges Financial Brand of the Decade

(AFRICAN EXAMINER) – Pan African banking and financial services group, United Bank for Africa (UBA) Plc has added yet another laurel to its cap as it emerged the Financial Brand of the Decade at the Marketing Edge Awards which was held over the weekend. The award in recognition of UBA’s innovative and pacesetting role, is […]

Dangote, Govt, Flour Mills Sign MOU on Repair of Apapa Wharf Road

(AFRICAN EXAMINER) – Succor will soon come to users of Apapa Wharf road as Federal government handed over the troubled road to Dangote Industries Limited and Flour Mills of Nigeria (FMN) for immediate reconstruction with concrete overlay. After the nation and port users have lost several billions of Naira on the dilapidated road, thenFederal government […]

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