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SEC, NFIU, Sign MoU to Check Capital Market Fraud

(AFRICAN EXAMINER) – The Securities and Exchange Commission (SEC) has signed a Memorandum of Understanding (MoU) with the Nigerian Financial Intelligence Unit (NFIU) to combat Ponzi schemes and fraud in the capital market. SEC Acting Director-General, Mrs. Mary Uduk, disclosed this in a statement issued in Abuja Wednesday. She said the collaboration was necessitated by […]

Abuja Aglow as UBA Sets to Host World Leaders, Dignitaries, Celebrities

Photo: Group Managing Director, UBA, Kennedy Uzoka …120 SMEs to display goods and services during Event …Wizkid, Niniola, Dj Cuppy, Dj Neptune perform as Cynthia Nassardine, RMD, Tunde Kelani speak. ….Over 20,000 visitors expected at the 2-Day event  (AFRICAN EXAMINER) – Pan African financial institution, United Bank for Africa (UBA) Plc is set to host […]

Firstbank Restates Commitment to Children with Special Needs

(AFRICAN EXAMINER) – First Bank of Nigeria Limited, Nigeria’s premier and leading financial institution, has reiterated its commitment to impact the lives of the less privileged and children living with disabilities across the country and in its host communities across the world. The Chief Executive Officer of FirstBank, Dr. Adesola Adeduntan, made this pledge at […]

Winners Emerge In Zenith Bank Sponsored 2019 Microsoft Championship

…Winners to Represent Nigeria At World Championship In New York (AFRICAN EXAMINER) – The 2019 Microsoft Office Specialist (MOS) World Championship, sponsored by Zenith Bank, has produced six national winners who will be representing Nigeria at the World Championship taking place in New York, USA from July 28 – 31, 2019. The national winners of […]

Buhari Orders CBN To Blacklist Firms Smuggling Banned Products

(AFRICAN EXAMINER) – President Muhammadu Buhari has directed the Central Bank of Nigeria (CBN) to blacklist firms caught involving in sharp practices such as smuggling and dumping banned goods into the country. Also asked to be sanctioned are the owners and top management of such firms dealing in 43 banned products from entering Nigeria. The CBN […]

Fraud: Court Grants Ex-Sterling Bank Manager N200 Million Bail

From Ignatius Okpara, Enugu (AFRICAN EXAMINER) – An Enugu State High Court on Friday, granted bail of N200 Million naira to a former branch manager of Sterling bank PLC, Mr. Oliver Anidiobi, who is facing trial for allegedly stealing the sum N219 million belonging to Ohha Microfinance Bank Limited Enugu. Anidiobi is facing trial before the court on 32 count […]

Fidelity Bank Tasks Parents On Enduring Educational Legacy For Children

(AFRICAN EXAMINER) –  Mr Nnamdi Okonkwo, Managing Director/CEO Fidelity Bank Plc, on Friday urged parents to build an enduring educational legacy for their children. Represented by Mr Obaro Odeghe, Head, Corporate Bank Directorate, Okonkwo said that bequeathing a solid educational foundation was greater than leaving behind houses for one’s children. The News Agency of Nigeria […]

Fraud: SEC Slams 5-Year Ban on Oando CEO, Wale Tinubu, Others

(AFRICAN EXAMINER) – The Securities and Exchange Commission (SEC) has ordered the Group Chief Executive Officer of Oando Plc, Mr. Wale Tinubu and other board members to resign their appointment. SEC, in a statement issued Friday, indicated that the order followed the outcome of its concluded investigation on the sacked Chief Operating Officer (CE0) and affected […]

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 […]

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