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UBA Grows Profit Before Tax By 32%, Declares Final Dividend of 55 Kobo Per Share

(AFRICAN EXAMINER) – United Bank for Africa (UBA) Plc, the pan-African financial services group, operating in 19 African countries, has released its audited 2016 full year results, showing significant growth in gross earnings and profits, an attestation to its resilience, enhanced productivity and geographic diversification, evident in the impressive contribution from its African subsidiaries. The […]

CBN Announces New Exchange Rate, Crashes Dollar to N360

BALTIMORE, MD (AFRICAN EXAMINER) – In another move to make Naira appreciates further against Dollar, the Central Bank of Nigeria (CBN) has introduced N360/ Dollar as the new Forex rate for various invisibles. CBN assured Monday that the new rate would be available to Nigerians who wish to buy in all commercial banks across the […]

NNPC Commends Taleveras As It Moves to Recover $184m Crude SWAP Under-Deliveries From Companies

Picture caption: Group Managing Director (GMD), Nigeria National Petroleum Corporation (NNPC), Dr. Maikanti Baru (AFRICAN EXAMINER) – The Nigerian National Petroleum Corporation, NNPC has commended Taleveras, one of Nigeria’s oil companies for its cooperative attitude in the ongoing reconciliation of transactions in the defunct crude for products arrangement. Group Managing Director (GMD), Nigeria National Petroleum Corporation […]

Allianz Wins Africa CEO Forum ‘International Corporation of the Year’ Award

BALTIMORE, MD (AFRICAN EXAMINER) – Allianz has received the Africa CEO Forum ‘International Corporation of the Year’ award. Speaking at the 5th annual event, which held in Geneva, Allianz Regional CEO Africa, Coenraad Vrolijk, said: “We are so honored that Allianz’ commitment to Africa has been recognized with this award,” noting that Allianz has been […]

Zenith Bank Shareholders Approve N63.4b Dividend, Applaud Performance

Picture Caption: Chairman of the Zenith Bank Plc, Jim Ovia (AFRICAN EXAMINER) – Shareholders of Zenith Bank Plc on Wednesday approved final dividend of N55.573 billion for the year ended December 31, 2016, bringing the total payout to N63.422 billion. The dividend, which translates to N1.77 per share, was paid out of N129.65 billion recorded […]

Labour Unions, Arik Air Staff Clash In Lagos Over Workers’ Sack

LAGOS, NIGERIA (AFRICAN EXAMINER) – Aviation Union Workers under different aegis Thursday staged a protest march to the Lagos office of Arik Air. The unions involved in the protest were National Union of Air Transport Employees (NUATE), Air Transport Services Senior Staff Association of Nigeria (ATSSSAN) and the National Association of Aircraft Pilots and Engineers […]

African Entrepreneur Empowerment: Tony Elumelu Foundation Announces Successful Candidates

Picture Caption: Tony Elumelu, Chairman of Heirs Holdings,  United Bank for Africa, Transcorp and founder of The Tony Elumelu Foundation TEF ANNOUNCEMENT IS IN LINE WITH US$100M COMMITMENT MADE IN 2015 TO EMPOWER 10,000 AFRICAN ENTREPRENEURS OVER THE NEXT 10 YEARS ‎LAGOS (AFRICAN EXAMINER) — The Tony Elumelu Foundation (TEF), an African founded and funded 21st century […]

G20 Finance Ministers Back Out Of Anti-Protectionist Deal

BALTIMORE, MD (AFRICAN EXAMINER) – The G20 Finance Ministers have dropped an anti-protectionist commitment due to opposition from the US. In spite of the resolution, the world strongest economy Ministers left the two-day meeting without renewing their long-standing pledge to bolster free trade. It would be recalled that the group last year vowed to “resist […]

Transcorp Hotels Posts N4.5bn Profits, Announces Dividend of 40k per Share

Shareholders Laud Transcorp Hotels’ performance, Approve dividend payment ABUJA, NIGERIA (AFRICAN EXAMINER) – Transcorp Hotels Plc has announced a profit after tax of N4b at its 3rd Annual General Meeting which took place at Transcorp Hilton Abuja. At the meeting, the Shareholders of Transcorp Hotels Plc   commended the management and staff of the Company for […]

Elumelu  Speaks on Africapitalism to Youths at Ghana’s Leading Institution

(AFRICAN EXAMINER) – Tony Elumelu visited Ghana as the first stop of his UBA tour of Africa, propagating the ideal of Africapitalism.  In continuation of his strategic vision of engineering a robust economic and business relationship across the continent through Africapitalism as a necessary tool for the socio economic development of Africa,   the Group Chairman […]

Aero Contractors Fires 900 Workers

(AFRICAN EXAMINER) – Aero Contractors  Airline, which is under the management of the Asset Management Corporation of Nigeria (AMCON), has sacked about 900 workers  representing 60 per cent. Letters of redundancy were issued to the affected employees during the week. Media Consultant to the 58 year-old airline, Mr Simon Tumba, who confirmed the development in […]

FirstBank CEO, Adeduntan Named Leadership Banker of the Year

(AFRICAN EXAMINER) – Lagos, March 16, 2017 – Dr. Adesola Adeduntan, the Managing Director/CEO of First Bank of Nigeria Limited & Subsidiaries, has been named Banker of the Year in the Leadership Persons of the year award, 2016. The awards recognise and celebrate the significant performance of individuals, corporate, private and public organisations across sectors, […]

FirstBank Leads Collaborative Efforts in Agriculture

(AFRICAN EXAMINER) – As part of its commitment to support agriculture businesses across the value chain and to play its enabling role in the nation’s drive for economic diversification through agriculture, First Bank of Nigeria Limited, Nigeria’s Most Valuable Bank Brand, will hold an inaugural agric expo on Tuesday, March 14, 2017 in Lagos. The […]

Allianz Group Launched in Morocco; Pledges Focus on Customer Pleasure, Steady Communication

MAROC, (AFRICAN EXAMINER) – The Allianz Group has announced its determination to double its market share in the next five years, priotize customer satisfaction and unveil a steady communication campaign. Morocco Allianz Chief Executive Officer, Dirk De Nil made the disclosure in Maroc at a press conference which heralded  the official launch of the group in […]

FirstBank Partners Oyo State on Women Empowerment

(AFRICAN EXAMINER) – FirstBank in its bid to provide women with an amazing opportunity for financial empowerment and sustainable economic growth has partnered with the Oyo State Ministry of Women Affairs, to hold the Oyo State Summit on Women Empowerment. The event which held on February 28, 2017 was hosted by the Wife of the Oyo State Governor […]

Regulatory Agencies Must Act as Agents Of Change —Osinbajo

(AFRICAN EXAMINER) – It is the role of government’s regulatory agencies to act as catalysts of beneficial change and to take responsibility for facilitating businesses in the country, according to Acting President Yemi Osinbajo   “We must see ourselves as agents of some catalytic change, we must take some responsibility to make profound changes possible,” […]

Ex-IMF Boss Rodrigo Rato Jailed over Embezzlement

BALTIMORE, MD (AFRICAN EXAMINER) – Former IMF boss Rodrigo Rato has been sentenced for four years and six months in prison over financial misconduct. Mr. Rato was found guilty Thursday for misusing funds when he was the boss of two Spanish banks. Spain’s National Court, which deals with corruption and financial crime cases, held that he […]

CBN intervenes with $370.9 million in Foreign Exchange Market

  ABUJA – Sequel to its promise to ease the difficulties encountered by Nigerians in obtaining funds for Foreign Exchange transactions, the Central Bank of Nigeria (CBN) on Tuesday, February 21, 2017, carried out wholesale interventions in the interbank FOREX market by providing a total sum of $370,810,810.79 to 23 banks to meet the visible […]

SPONSORED: Business is Blooming at FloralInvestment.com

If you had told 25 year old Nicole that one day she would be earning more from her investments than she could from a salary, she would have never believed you. If you had told her that her investment would be in flowers, she would have fallen over laughing! But, that is exactly what happened […]

One Billion Naira Tax Evasion:  Enugu Government Seals off 8 Banks

IGNATIUS OKPARA, Enugu (African Examiner) –  The Enugu state government through its Board of Internal Revenue Monday sealed off eight commercial banks with a combined number of 36 network branches in the state over tax evasion. It said the financial institutions failed to remit over one billion naira (N1,000, 000, 000. 00) withholding tax. According […]

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