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Onyia Appointed as MD/CEO of FBN Capital Asset Management Business

(AFRICAN EXAMINER) – Mr. Ike Onyia has been appointed Managing Director/CEO of FBN Capital Asset Management, a part of FBN Holdings Plc’s Merchant Banking & Asset Management Group. Mr. Onyia joins the firm with over 20 years’ experience in investment management and advisory. Prior to his appointment, he served as Managing Director of Fiducia Capital, […]

S&P Assigns ‘B/B’ Ratings, Stable Outlook on UBA

(AFRICAN EXAMINER) – International Rating Agency, Standard and Poor’s (S&P) assigned  its ‘B’ long term and ‘B’ short term global scale counterparty credit ratings to the United Bank for Africa Plc (UBA). These ratings on the pan African financial institution, United Bank for Africa (UBA) Plc, are at par with S&P ratings on the Nigerian […]

Elumelu, African Leaders Commend AFC on World Class Governance Standards

(AFRICAN EXAMINER) – Chairman, United Bank for Africa Plc,  Tony O. Elumelu, has hailed the African Finance Corporation on its various initiatives and contributions  targeted towards supporting African economies in the last few years noting that these initiatives have gone a long way in fostering growth and diversity on the continent. Elumelu , who gave […]

MTN Reacts to $8.5 Million Fine Received from Rwanda Regulatory Agency

(AFRICAN EXAMINER) – The Rwanda Utilities Regulatory Authority (RURA) has slammed a fine of US$ 8.5 million on the Telecommunication Giant, MTN over non-compliance with its directives. African Examiner gathered that  RURA directed MTN not to include MTN Rwanda in the MTN South and East Africa (SEA) IT hub based in Uganda but the company […]

NASCON new Products to Boost Revenue, Profitability

Photo caption: L-R: Director, NASCON Allied Industries Plc, Halima Dangote Executive Director Commercial, NASCON Allied Industries Plc, Fatima Dangote and the Managing Director, NASCON Allied Industries Plc, Paul Farrer at the company’s Annual General Meeting (AGM) held recently in Lagos. (AFRICAN EXAMINER) – Executive Director Commercial of NASCON Allied Industries Plc, Fatima Aliko Dangote has […]

Africa’s Policies Must Change to Prioritize Jobs, Entrepreneurship -Elumelu Cautions

Photo caption: Mr. Tony O. Elumelu, Chairman of Heirs Holdings and Founder of the Tony Elumelu Foundation (AFRICAN EXAMINER) – “Embrace legacy, you are not here forever,” Mr. Tony O. Elumelu, Chairman of Heirs Holdings, and Founder of the Tony Elumelu Foundation, urged policymakers as he represented the African private sector at the opening session […]

UBA Revolutionises Mobile Payments with *919# Magic Banking

(AFRICAN EXAMINER)  – In line with its determination to dominate Africa’s mobile banking space with the introduction of cutting edge technology-driven products and services, United Bank for Africa (UBA) Group, leading African financial institution, has introduced a full-fledged banking platform, tagged UBA Magic Banking and enabled by dialling *919# within Nigeria. The USSD code *919# […]

Nigeria Loses $850m to Gas Flaring —DPR

(AFRICAN EXAMINER) – The Department of Petroleum Resources (DPR)  said that Nigeria, the ninth largest gas producing nation in the world, lost over 850 million dollars to gas flaring in 2015. Mrs Pat Maseli, Deputy Director, Head, Upstream, DPR, gave the statistics at the just concluded 10th Annual Sub-Saharan Africa Oil and Gas Conference in […]

UBA Group Starts Strong in 2017, Grows Profits By 41%

Photo caption: Group Managing Director/CEO of the United Bank for Africa Group (UBA), Mr. Kennedy Uzoka *Its African subsidiaries wax stronger, contributing 35% of earnings Lagos, Nigeria – April 28 , 2017: The Pan African financial institution, United Bank for Africa (UBA) has released its unaudited first quarter results, showing significant growth across major income lines. […]

QI 2017: Fidelity Bank Records Double Digits Growth in Earnings, Profits

Lagos Nigeria, April 27, 2017: Top Nigerian lender, Fidelity Bank Plc recorded a solid financial performance in the first quarter of 2017, posting appreciable growth in profits and gross earnings for the period ended March 31, 2017. This is in spite of the challenging and fiercely competitive business environment. Details of the unaudited results, released […]

Transcorp Group Reports 20% Growth in Revenue

Lagos, Nigeria – April 26, 2017 – Transnational Corporation of Nigeria Plc (Transcorp), a leading Nigerian conglomerate has announced financial results for its first quarter ended March 31, 2017. The Group’s total revenue increased from N13.2bn to N15.8bn representing a 20% increase when compared to the Group’s performance in the corresponding period of 2016. FINANCIAL […]

Dangote’s new Pasta Products hit Market, to Compete with Rice

(AFRICAN EXAMINER) – In a major strategic move to grow its market equity in Africa, Dangote Flour has unveiled new improved pasta products called ‘Ecccellente’. The re-vamped Pasta, is expected to reduce the dependency on rice consumption by Nigerians. Speaking at the Grand Customer Launch Event in Kano on Tuesday, Executive Director, Sales & Marketing, […]

Crude Fraud: Fresh Trouble for Talevaras, Ontario, Aiteo as NNPC Vows to fully Recover all Payments

Photo Caption: Igho Sanomi, CEO of the Taleveras Group By Ayo Balogun, Abuja (AFRICAN EXAMINER) – Fresh trouble is brewing for three oil companies, Aiteo Energy Resources, Talevaras Group of Companies and Ontario Oil over outstanding payments of over $184 million under-delivery of crude oil recorded under the former petroleum product swap regime. The indication […]

UBA: Outperforming

(AFRICAN EXAMINER) – United Bank for Africa (UBA) Plc is on the top list of companies with well-rounded performance. UBA’s top-of-the-chart performance at the stock market combines with considerable growth in all key fundamental indicators to make the bank the best performing banking stock in recent period. Capital Market Editor Taofik Salako, in this report, […]

Dangote Flour Divests from Noodles, Cedes Assets to Dufil

(AFRICAN EXAMINER) – As part of its regular business portfolio review, Dangote Flour Mills (DFM), has exited its noodles business as it does not consider it strategic. The company has sold the assets of Dangote Noodles to Dufil Prima Foods, makers of Indomie noodles. To smoothen the transition, DFM has offered Dufil the use of […]

BREAKING: Buhari Nominates Non-Executive Directors for CBN Board

ABUJA, NIGERIA (AFRICAN EXAMINER) – President Muhammadu Buhari has forwarded the list of six nominees to the Senate for confirmation as Non-Executive Directors of the Board of the Central Bank of Nigeria (CBN). The letter to the Senate President, Abubakar Bukola Saraki, contained the nominees and their geo-political zones. They included: Professor Ummu Ahmed Jalingo […]

Elumelu Lauds FG’s Economic Recovery Plan at UBA’s AGM

Photo Caption: UBA AGM: Group Managing Director/CEO, UBA Plc, Mr. Kennedy Uzoka and Group Chairman, Mr. Tony O. Elumelu, at the 55th Annual General Meeting of UBA Plc, held in Lagos on Friday. (AFRICAN EXAMINER) – The Chairman of the United Bank for Africa Plc, Mr. Tony Elumelu, has strongly commended the Federal Government and […]

Amid Economic Recession, UBA Promotes 3,000 Staff

Photo caption: UBA CEO, Kennedy Uzoka United Bank for Africa (UBA), Africa’s Global Bank operating in 19 African countries, has announced the promotion of 3,000 staff members, reinforcing its commitment to human capital investment and career progression, at the current challenging operating circumstances.  Promotions were made across UBA’s global network. In a letter written on […]

Deposits in SunTrust Bank grows by 432% to N4.2bn

(AFRICAN EXAMINER) – As a sigh of absolute confidence in the Management of the technology-driven new bank; SunTrust Bank, its customers increased deposits in the bank by a whopping 432 per cent, making it possible for the bank to declare an impressive profit before tax of N343 million, an increase of 160.3 per cent over […]

Fidelity Bank, Others Hold AGOA Workshop for Aba Leather, Garment Entrepreneurs

(AFRICAN EXAMINER) – As part of efforts aimed at boosting exports in Nigeria, Fidelity Bank has been in the vanguard of providing capacity building initiatives for customers and the business community across the country. To this end the bank in collaboration with the Nigerian Export Promotion Council (NEPC) and Ghanaian based West African Trade and […]

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