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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 […]

Davos: Africa Boosts Free Trade While Global Barriers Go Up

A new African free trade area could be just weeks away as the last few countries ratify an agreement signed last year. The plan to boost intra-African trade by half is gaining much attention in Davos this year. (AFRICAN EXAMINER) – When you ask Tony Elumelu if Africa would profit from free trade, the Nigerian […]

CBN Makes First FOREX Intervention For 2019 With $210m

(AFRICAN EXAMINER) –  The Central Bank of Nigeria (CBN) on Friday made its first intervention in the inter-bank sector of the Foreign Exchange (FOREX) market for 2019 with a sum of 210 million dollars. The CBN Director, Corporate Communications, Isaac Okorafor, said the wholesale sector of the market received 100 million dollars, while the Small […]

Tony Elumelu Foundation Opens Applications for Its $100m Entrepreneurship Programme

Application exclusively available on TEFConnect.com – the largest digital networking platform for African entrepreneurs Invitation to join existing 4,470 programme Fellows 4th Cycle drew over 150,000 applications from across the African continent The Tony Elumelu Foundation, the leading African-funded and founded philanthropy committed to empowering African entrepreneurs, is now accepting applications for the 2019 cohort of the […]

Airlines Transport 4.3 Billion Passengers in 2018 –ICAO

(AFRICAN EXAMINER) –  Preliminary figures released on Monday by the International Civil Aviation Organisation (ICAO) showed a total of 4.3 billion passengers were transported by air on scheduled services in 2018. The document issued by ICAO’s Chief of Communications, Mr Anthony Philbin, said this indicated a 6.1 per cent increase over 2017 when 4 billion […]

Business Magnate, Femi Otedola Sells Forte Oil

(AFRICAN EXAMINER) – The Chairman of Forte Oil Plc, Mr. Femi Otedola has announced his resolve to sell all his shares in the firm’s downstream business. Forte Oil gave the hint on divestment Monday by its majority shareholder in a notice signed by its General Counsel, Mr. Akinleye Olagbende. “Forte Oil Plc hereby notifies the Nigerian […]

After Denial, Diamond Bank Confirms Merger With Access

(AFRICAN EXAMINER) – After denial, the Board of Diamond Bank Plc Monday finally announced its merger with Access Bank Plc. The merger reportedly is expected to be completed in the first half of 2019. The two banks recently denied media reports of any merger. The bank’s Chief Executive Officer, Mr. Uzoma Dozie, said in Lagos that the Board had […]

Heirs Holdings Signs $600 million Facility Deal with Afrexim Bank

Photo: Chairman, Heirs Holdings Group, Mr. Tony Elumelu (L) and President of African Export-Import Bank, Dr. Benedict Oramah. (AFRICAN EXAMINER) –  As a further demonstration of the African Export-Import Bank’s (“Afrexim”) mandate to facilitate the growth of intra-Africa trade and support the development of African businesses, Afrexim on Tuesday  signed financing facilities totalling US$600 million with the […]

Ethiopian Airline Commences Flights To Manchester, UK

(AFRICAN EXAMINER) –  Ethiopian Airline has commenced four weekly flights to Manchester, its second destination in the UK with its ultra-modern B787 Dreamliner. A statement by the airline on Tuesday said the inaugural flight was graced by the UK Ambassador to Ethiopia, Mrs Susanna Moorehead, Group Chief Executive Officer of Ethiopian Airlines, Mr Tewolde GebreMariam […]

Applications for Tony Elumelu Foundation 2019 Entrepreneurship Programme Opens on TEFConnect

Applications for Tony Elumelu Foundation 2019 Entrepreneurship Programme Opens on TEFConnect The Tony Elumelu Foundation will open the 5thEntrepreneurship Programme application cycle on Jan 1st , 2019 Applications will be hosted on the largest digital networking platform for African entrepreneurs, TEFConnect – www.tefconnect.com On the 1st of January 2019, at 12am, WAT, the Tony Elumelu Foundation will begin […]

Stakeholders Brainstorm on Making Nigerian Products Go Global

By Eric Ojo, Abuja  (AFRICAN EXAMINER) – Participants at the just concluded 2nd Edition of the Nigeria Geographical Indications (GIs) Stakeholders’ Dialogue, have called for a concerted effort aimed at ensuring that products of Nigerian origin are identified and promoted in the global market. GIs apply to products that preserve local cultural practices and traditional […]

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