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Africa’s Energy Deficit: GE Advocates Stronger Collaboration, Partnership

By Eric Ojo, Abuja (AFRICAN EXAMINER) – GE Power, a world energy leader providing equipment, solutions and services across the energy value chain from generation to consumption, has reiterated the need for stronger collaboration and partnership amongst key players in the energy sector in Africa. GE currently operates in more than 180 countries with its […]

No Monies Missing, Stolen In CBN; Ignore Fake Audio Circulating Online

(AFRICAN EXAMINER) – Following a purported leaked audio recording of conversations among senior officials, including the governor, the Central Bank of Nigeria (CBN) has dismissed reports circulating online that a huge amount of money was stolen from the apex bank. In contrary, the communication director of the bank, Isaac Okorafor, in a statement made available […]

Buhari Re-appoints Emefiele as CBN Governor, Seeks Senate’s Approval

(AFRICAN EXAMINER) – President Muhammadu Buhari has re-appointed Godwin Emefiele as Governor of the Central Bank of Nigeria (CBN). This was confirmed Thursday in a letter transmitted to the Senate by the President. President of the Senate, Bukola Saraki, read the letter on the floor shortly before the plenary was adjourned Saraki disclosed that Mr. President […]

Shareholders Commend FBNholdings, Believe The Future Is Bright

Pic caption:  The Chief Executive Officer, FirstBank, Dr. Adesola Adeduntan; Group Managing Director, FBN Holdings Plc., Mr. UK Eke; Group Chairman, FBN Holdings Plc., Dr. Oba Otudeko, CFR and Company Secretary, FBN Holdings Plc. Mr. Seye Kosoko, at the 7th Annual General Meeting of FBN Holdings Plc held in Lagos. ————— (AFRICAN EXAMINER) – The […]

N219m Fraud: EFCC Told to Expedite Prosecution of Sterling Bank Manager

From   Ignatius Okpara, Enugu (AFRICAN EXAMINER) – Ohha Microfinance Bank Enugu, has again petitioned the Economic and financial Crimes commission EFCC, over the delay in prosecuting Mr. Oliver Anidiobi, a top management  staff of Sterling Bank PLC for allegedly converting  its deposits in the sum of N219,034,901.50 (Two Hundred and Nineteen Million, Thirty Four Thousand, Nine […]

Emefiele Woos Foreign Investors, Hails CBN’s Anchor Borrowers Programme

(AFRICAN EXAMINER) – The Central Bank of Nigeria (CBN) has assured investors and the international community that the country having gone through a successful election, was ready for investments. The CBN Governor, Mr Godwin Emefiele, on Friday night in Washington DC, held an informal meeting with potential investors where he enticed them with the Nigerian […]

IMF to Nigeria, Others: Be Wary of China Loans

(AFRICAN EXAMINER) – The International Monetary Fund (IMF) has cautioned Nigeria and other developing countries from taking loans from China due to unfavourable loan conditions. Mr Tobias Adrian said this on Wednesday during the launch of the Global Financial Stability Report for April, 2019 at the IMF/World Bank meetings in Washington D.C, U.S. “Capital flows, […]

“Make Enugu Trade Fair Complex Befitting Like That of Lagos, Kaduna”

(AFRICAN EXAMINER) – The 2019 and 30th edition of the Enugu international trade fair has commenced at its permanent site, with some foreign exhibitors in attendance, just as its management appeals to the federal government to make the site befitting as those of Lagos and Kaduna. Meanwhile, leadership of the fair, the Enugu Chamber of Commerce, Industry, […]

Nigeria’s Total Debt Now N24.38tn -DMO

(AFRICAN EXAMINER) – Ms Patience Oniha, Director-General, Debt Management Office (DMO), says the total public debt of Nigeria as at Dec. 31, 2018 is N24.38 trillion. Oniha, who made the disclosure during a news conference on Thursday in Abuja, said that the figure comprised of debt owed by the Federal Government, States and Federal Capital […]

Ifeyinwa Ugochukwu Assumes Office as CEO, Tony Elumelu Foundation

(AFRICAN EXAMINER) – Ifeyinwa Ugochukwu, former Director of Partnerships and Evaluation, Tony Elumelu Foundation has assumed her new role as the Foundation’s CEO on April 1. Ifeyinwa becomes the third CEO and the first African to become the Chief Executive Officer of the Tony Elumelu Foundation. In December 2018, the Foundation, the leading African philanthropy […]

MTN: Group Demands N500m Compensation For Linking Customer’s Line to Fraudster

From Ignatius Okpara, Enugu (AFRICAN EXAMINER) – A human Rights organization, under the aegis of Civil Rights Realisation and Advancement Network (CRRAN) has petitioned communication giant MTN, over its alleged linking of the phone line of one  Mrs. Ifeoma Igbogbahaka to a notorious fraudster under the watch lists of the Economic and Financial Crimes Commission […]

Tony Elumelu Foundation Set to Announce Selected Entrepreneurs for 2019

…Over 1,000 African entrepreneurs from African 54 countries to participate in the 2019 Cohor …Event to be live-streamed on TEFConnect – Africa’s digital entrepreneurship hub (AFRICAN EXAMINER)  – The Tony Elumelu Foundation (TEF), the leading African philanthropy committed to empowering African entrepreneurs, will announce the selected applicants for the 2019 cohort of the Foundation’s flagship […]

UBA Earnings Hit N494bn, Records N106.8bn Profit Plus Significant Asset Growth

(AFRICAN EXAMINER) – The Pan-African financial institution, United Bank for Africa Plc has announced its Audited 2018 Financial Results with impressive growths achieved across major financial lines. According to the 2018 financials filed at the Nigerian Stock Exchange on Tuesday, the Africa’s global bank’s gross earnings grew by 7.0 percent to N494.0 billion, compared to […]

NNPC Begins Recruitment Exercise

(AFRICAN EXAMINER) – The Nigerian National Petroleum Corporation (NNPC) has confirmed that it has opened its portal for recruitment of fresh graduates and experienced professionals into the empire. NNPC Group General Manager, (Public Affairs Division), Mr Ndu Ughamadu, confirmed this in an interview with the NAN in Abuja Wednesday. He re-affirmed that the portal for […]

Busted! Police Arraign Access Bank CEO in Court Over N2.5b Fraud

(AFRICAN EXAMINER) -The Police Special Fraud Unit in Lagos has charged the managing director and chief executive officer of Access Bank Plc, Herbert Wigwe, with 21 counts of conspiracy and stealing before an Ogun State High Court. Mr Wigwe, Alawode Oluseye, Bayo Adesina, and Access Bank Plc are accused of conspiring and stealing 23,754.413 metric […]

Dangote Cement Targets $600m Annual Exports to African Countries

(AFRICAN EXAMINER) – President of Dangote Industries Limited, Aliko Dangote, has restated his Group’s commitment to Nigeria’s economic development through continuous innovation, value creation and investments. This is just as he disclosed that Dangote Cement’s exports to other countries are targeted to rise to $600m annually, with the management intensifying efforts at actualizing the planned […]

UBA Group Launches Full Banking Operations in UK

(AFRICAN EXAMINER) – Three weeks after the UBA group launched its operations in Mali, the global financial city of London hosted a high level gathering of business and public sector leaders on Thursday February 28, 2019, as the new UBA franchise, UBA UK was formally birthed in the United Kingdom amidst high expectations. At the […]

Poll Shift: PDP Wants INEC to Engage KPMG, Others For Sensitive Materials Auditing

ABUJA, NIGERIA (AFRICAN EXAMINER) – The opposition Peoples Democratic Party (PDP) has suggested to the Independent National Electoral Commission (INEC) to allow either KPMG and PricewaterhouseCoopers to verify all the sensitive electoral materials that were returned to the various Central Bank of Nigeria (CBN) offices across the nation after the deferral of the general elections […]

Why Naira Remain Stable Despite Election Spending

(AFRICAN EXAMINER) – Aminu Gwadabe, President, Association of Bureau De Change Operators of Nigeria (ABCON), has identified factors that kept the naira immune from election spendings. Gwadabe told the News Agency of Nigeria (NAN) on Friday in Lagos that internal control mechanisms of the electoral umpire contributed greatly to checkmating political spendings as the naira […]

UBA Commences Full Banking Operations in Mali

(AFRICAN EXAMINER) – The pan African financial institution, United Bank for Africa (UBA) Plc on Monday commenced full banking operations in Mali, extending its footprint and fulfilling the aspiration of deepening banking penetration in Africa. The launch of UBA Mali brings to 20, the number of African countries, where the Group currently operates, with global […]

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