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Ethiopian Airlines Takes Delivery Of 8th B777 Freighter

(AFRICAN EXAMINER) –  Ethiopian Airlines says it has taken delivery of the 8th B777 freighter aircraft in its cargo fleet family for its Cargo and Logistics Services, as Africa’s Largest Cargo operator. A statement by Ethiopian Group Chief Executive Officer, Mr Tewolde Gebre-Mariam, on Monday, said the delivery was in line with maintaining Ethiopian’s trajectory […]

Massive Anti-Gender Discrimination Protest Hits Google Offices

(AFRICAN EXAMINER) – Staff at the Google offices around the world Thursday stage an unprecedented series of walkouts in protest against the company’s treatment of women. The employees in the protest are demanding several key changes in how sexual misconduct allegations are dealt with at the firm, including a call to end forced arbitration – a […]

Bombardier Sues Mitsubishi Jet Program Over Trade Secrets

(AFRICAN EXAMINER) – Canadian airplane maker, Bombardier Inc, has sued the aircraft unit of Japan’s Mitsubishi Heavy Industries Ltd , saying former Bombardier employees passed on trade secrets to help Mitsubishi’s oft-delayed regional -Jet project. Bombardier filed the lawsuit late weekend in a federal court in Seattle against Mitsubishi Aircraft Corporation, Seattle-based Aerospace Testing Engineering […]

Senate Orders CBN to Suspend ATM Card Maintenance Charges

(AFRICAN EXAMINER) – The Senate has passed a resolution calling on the Central Bank of Nigeria (CBN) to suspend the Automated Teller Machine (ATM) card maintenance charges being deducted from customers. The resolution was made known Wednesday via a tweet from @SPNigeria. It came as part of a motion on the illicit and excessive bank charges […]

UBA Shows Resilience As Gross Earnings Hit N375 Billion

Photo: Group Managing Director/CEO, UBA Plc, Kennedy Uzoka …Group Profit Of N79 Billion (AFRICAN EXAMINER) – United Bank for Africa Plc, the pan African financial institution with presence in 20 African countries has announced its unaudited 2018 Third Quarter Financial Results, with impressive growth in Gross Earnings, which berthed at N374.8 billion, an 12.3 percent increase […]

KFC Runs Out of Chicken Amid Zimbabwe’s Economic Crisis

(AFRICAN EXAMINER) – Zimbabwe’s KFC fast food outlets on Wednesday were shuttered after running out of foreign currency with which to buy chicken, just one sign of a growing new economic crisis in the southern African country. Zimbabwe, which has long battled economic woes, is experiencing a dire shortage of foreign currency which has forced […]

HI 2018: Fidelity Bank Sustains Growth Trajectory as Profits Soar by 27% to close at N13bn

…Gross Earnings hit N88.9bn …80% of Total transactions now digital (AFRICAN EXAMINER) –  Fidelity Bank Plc posted an impressive half year results for 2018, recording a double-digit growth in key revenue lines and achieving significant traction in her chosen business segments. Details of the audited half year results, for the period ended June 30, 2018, […]

Group Alleges Fraud in Skye Bank License Revocation, Acquisition

(AFRICAN EXAMINER) – The recent revocation of Skye Bank’s Operational license by Central Bank of Nigeria (CBN) and subsequent acquisition by Polaris Bank Limited have been strongly criticized over lack of transparency and due diligence. Mr Luqman Soliu, President, Rights and Freedom Advocates (RIFA) in a statement made available to African Examiner alleged scam in […]

CBN Revokes Skye Bank Licence, Announces New Owner

By Niyi Adeyi LAGOS, NIGERIA (AFRICAN EXAMINER) – The Central Bank of Nigeria (CBN) has revoked the operating licence of Skye Bank Plc. The CBN Governor, who announced this Friday in Lagos at a press conference, said the apex action’s was with immediate effect. Following the development, Emefiele confirmed that the Bank has been taken […]

BREAKING: Nigeria Suspends Proposed National Carrier, Nigeria Air

By Victor Okunola (AFRICAN EXAMINER) – After two months of its debut, the Federal Government FG has temporarily suspended the National Carrier Project – which offshoot is the recently unveiled Nigeria Air. The Minister of State for Transport (Aviation) Senator Hadi Sirika announced the suspension Wednesday on his Twitter Handle – @hadisirika “I regret to announce that the Federal Executive […]

Centenary City Abuja Launches Its First Co-Development Opportunity

(AFRICAN EXAMINER) – Centenary City Developers FZE, a joint venture between Front Range Developers of the UAE and Centenary City Plc has announced the beginning of the Centenary City development with the launch of its first co-development opportunity – The Grove– On 11th Of September, At the Sales Center, Wawa District, Airport Road, Abuja. The project is spread over a […]

Applications Open for 2018 TEF Entrepreneurship Forum Travel Fellowship for African Journalists

(AFRICAN EXAMINER) – The Tony Elumelu Foundation, Africa’s leading entrepreneurship-focused philanthropy, has announced a call for entries for the 2018 TEF Entrepreneurship Forum Travel Fellowship for African journalists. The Travel Fellowship will provide financial aid to journalists and photojournalists affiliated with African national or global media houses to attend the 2018 Tony Elumelu Foundation Entrepreneurship […]

FIRS Set to Commence Audit Of Taxpayers Nationwide

(AFRICAN EXAMINER) –  Mr Tunde Fowler, Executive Chairman, Federal Inland Revenue Service (FIRS), on Thursday said that the Service would soon commence the audit of taxpayers across the country. Fowler stated this in Lagos while delivering a keynote address at a stakeholders meeting on “Tax Administration and National Revenue’’. The News Agency of Nigeria (NAN) […]

Dangote Now Most Valuable Brand in Nigeria

(AFRICAN EXAMINER) – Dangote has emerged as the most valuable brand among the top 50 brands in Nigeria for 2018 unveiled at the weekend in Lagos. This is coming barely three months after the brand was adjudged the most admired brand of African origin by Consumers in a brand rating coordinated by South Africa based […]

UBA Appoints Four New Board Members

Photo: One of the newly appointed UBA Board members, Erelu Angela Adebayo (AFRICAN EXAMINER) – The Board of Directors of the United Bank for Africa is pleased to announce the appointment of four new members to its board, subject to the approval of the Central Bank of Nigeria(CBN). The new board members are Mrs. Erelu Angela […]

UBA Grows Gross Earnings By 16 Percent

Photo: Group Managing Director/CEO, United Bank for Africa Plc (UBA), Mr. Kennedy Uzoka  …Delivers 17 Percent Return on Average Equity, Sustains Interim Dividend (AFRICAN EXAMINER) – Africa’s leading financial institution, United Bank for Africa Plc has announced its audited 2018 half year financial results, showing strong growth across key performance metrics as well as a significant contribution from […]

$8.1bn Repatriation: MTN Nigeria Refutes CBN Allegation

By Niyi Adeyi (AFRICAN EXAMINER) – Following the allegation of misconduct against it by the Central Bank of Nigeria (CBN), MTN Nigeria Communications Limited (MTN Nigeria) has refuted repatriation of the sum of $8.1bn between 2007 and 2015. The telecommunication giant Public Relations Manager, Funso Aina made the denial Thursday via a media statement, to acknowledging the receipt of the […]

Uber Nigeria Urges Riders to Confirm Drivers Identity Before Each Ride

(AFRICAN EXAMINER) – Uber Nigeria, a transportation network company, has advised the public to confirm the identity of its drivers and other taxi drivers before engaging their services. Francesca Uriri, Head of Communications, Uber West Africa, told the News Agency of Nigeria (NAN) in Lagos on Sunday that confirming the identity of the drivers was […]

Enugu Govt Seals Off Heritage Bank, GTB, Unity Bank, Others Over Tax Evasion

By Ignatius Okpara, Enugu ENUGU, NIGERIA (AFRICAN EXAMINER) – The Enugu State Board of Internal Revenue after obtaining Court Orders, Tuesday carried out a distrainment exercise on four banks and two other private firms, as it sealed off their offices over non-payment of taxes to the State. The Board claimed that the unpaid tax amounts […]

4th Annual Tony Elumelu Foundation Entrepreneurship Forum Holds 25th October

(AFRICAN EXAMINER) – Africa’s leading entrepreneurship-focused philanthropic organisation, the Tony Elumelu Foundation (TEF), has announced October 25, 2018, as the date for its 4th annual TEF Entrepreneurship Forum. The largest gathering of African entrepreneurs and the broader entrepreneurship ecosystem will unite over 5,000 entrepreneurs, global investors, leaders from the African public and private sectors and developmental […]

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