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Experts, Customers Admit Heritage Bank is Distressed

LAGOS, NIGERIA (AFRICAN EXAMINER) – The insolvency challenge presently confronting Heritage Bank is expected, given the unethical conducts by its topmost management members, thus it might require an extraordinary ”midas touch” for the commercial bank to get through its present mess, experts have declared. When AFRICAN EXAMINER further researched into the prevailing misfortune of the […]

Firstbank Chairman, Awosika Speaks With CNN On Breaking The Glass Ceiling

Mrs. Ibukun Awosika, Chairman, First Bank of Nigeria Limited and renowned entrepreneur will be speaking with CNN’s Zain Asher on how she launched into Entrepreneurship before she turned 26.  Awosika who is also the first female chairman of Nigeria’s premier financial institution, First Bank of Nigeria Limited will  share  her challenges and how she was able […]

$30 Billion Loan Is Inevitable With Economic Recession – Odigie-Oyegun

By Ayodele Afolabi DELTA, NIGERIA (AFRICAN EXAMINER) – The National Chairman of the All Progressives Congress (APC), Chief John Odigie-Oyegun has defended the borrowing plans of the President Muhammadu Buhari-led administration, saying the facility is inevitable in view of the current economic realities in the country. Chief Odigie-Oyegun said Nigeria must borrow to invest in […]

Customers in Panic Withdrawals As Fresh Problems Hit Heritage Bank

BALTIMORE, MD (AFRICAN EXAMINER) – Despite many denials of the management, Heritage Bank is still battling with the challenge of insolvency, financial problems, a development that has prompted customers to massively withdraw their money from the Bank. The financial problem with the Bank as reported recently in the media has also forced First Bank Plc, […]

UBA Grows Profit to N62 Billion in Nine Months

BALTIMORE, MD (AFRICAN EXAMINER) – Leveraging its expansive footprint, pan-African banking group, United Bank for Africa Plc (“UBA” or “the Bank”), announced its unaudited Third Quarter Financial Results, showing a 7% year-on-year growth in profit before tax to N62 billion despite the challenging macro-economic environment. This represents an impressive 18.2% annualized return on average equity. The Bank recorded an […]

UBA Wins Big at Annual Businessday Banking Awards 

LAGOS, NIGERIA (AFRICAN EXAMINER) – Pan-African banking group, United Bank for Africa (UBA) Plc at the weekend carted home two very important laurels at the annual Businessday Banking Awards, winning the Best Bank in Sub-Saharan Africa and the Best Bank in support of Agriculture. The first award, the “Best Bank in sub-Saharan Africa award is […]

Firstbank Names Patrick Iyamabo as New Chief Financial Officer

LAGOS, NIGERIA (AFRICAN EXAMINER) – First Bank of Nigeria Limited, Nigeria’s most valuable banking brand and foremost financial institution, today announced the appointment of Mr. Patrick Iyamabo as its new Chief Financial Officer (CFO). The appointment follows the elevation of the former CFO, Dr. Adesola Adeduntan to Managing Director/CEO of the Bank. Mr. Iyamabo’ s […]

MTN Nigeria Ready To List Shares On NSE 2017

By Seun Adebosin (BALTIMORE, MD AFRICAN EXAMINER) – South African Telecommunications multinational – MTN Nigeria, has indicated readiness to list its shares on the Nigerian Stock Exchange (NSE). The company’s resolve on the move was contained in a statement issued Thursday and signed by its Public Relations and Protocol Manager, Mr. Funso Aina. Aina informed […]

CBN Dissolves Skye Bank Board Of Directors; Confirms Resignation Of CEO

BALTIMORE, MD (AFRICAN EXAMINER) – The Central Bank of Nigeria (CBN) Monday confirmed the resignation of Mr. Timothy Oguntayo as the Chief Executive Officer (CEO) of Skye Bank and his replacement with Mr. Tokunbo Abiru. The change of baton followed the dissolution by the CBN of the Bank’s Board of Directors and Management Monday. CBN […]

FirstBank Enhances Customers’ Experience with Bespoke Offerings

First Bank of Nigeria Limited, the most valuable bank brand in Nigeria, has created a value-chain of support for the interests and activities of its customers. With varying categories of products and services to support businesses across market segments, the Bank is set to ensure that its customers’ lifestyles align with their planned scripts for […]

FirstBank Raises the Bar for Small and Medium Scale Enterprises

Small and Medium Scale Enterprises (SMEs) are considered pivotal to national development, However, to what extent do they play  this role in ensuring the sustainable economic growth of the nation, especially at a time when the Nigerian government is looking to diversify its income stream. Presently, there are many SME entrepreneurs with a myriad of […]

UBA Appoints Five new Executive Directors to Group Board

Lagos, Nigeria, 17 May, 2016 – United Bank for Africa PLC, the leading pan Africa banking group, with operations in 19 African countries and presence in the London, Paris and New York, is pleased to announce the following executive management appointments, subject to the approval of the Central Bank of Nigeria:   Ayo Liadi;   Oliver Alawuba; […]

CBN Launches Special Investigation into Illicit Bank Transactions

By Ayo Balogun, Abuja ABUJA, NIGERIA (AFRICAN EXAMINER) –  The Central Bank of Nigeria has said it has begun investigation into questionable financial transactions in some commercial banks. A statement issued by the bank’s acting Director, Corporate Communications, Mr Isaac Okorafor, on Monday, said the apex bank is working in collaboration with law enforcement agencies […]

UBA to Expand Footprint to 25 African Countries

*As Elumelu reconfirms Africa network as strategic priority, pledges further capital for African growth The United Bank for Africa (UBA) Group recently held its first ever Senior Leadership Forum reflecting the strategic importance and growth potential of its pan-African business. UBA Group Chairman Mr. Tony O. Elumelu convened the Forum to review the impressive growth […]

Fidelity Bank Fires Okonkwo, Appoints Acting Managing Director

BALTIMORE, MD (AFRICAN EXAMINER) – The Board of Directors of Fidelity Bank has appointed Alhaji Mohammed Balarabe as the Acting Managing Director of the bank. Until his appointment, Alhaji Balarabe was the Executive Director, North. A statement issued on Monday by the bank said the appointment is with immediate effect but subject to regulatory approval. […]

UBA Chairman, Tony Elumelu Receives CGECI Lifetime Achievement Award in Abidjan

Abidjan, Côte D’Ivoire – At the 5th edition of the annual forum, CGECI Academy 2016, the Ivorian National Council of Employers, General Confederation of Enterprises of Côte d’Ivoire (CGECI) presented African businessman and investor, Tony Elumelu, with its 2016 CGECI Lifetime Achievement Award on April 21, 2016 in Abidjan, Côte d’Ivoire. The formal presentation was to […]

FirstBank Offers Exciting Educational Solutions to Schools

LAGOS, NIGERIA (AFRICAN EXAMINER) – It is the beginning of another school term with lots of preparations as students return to school after the holidays. First Bank of Nigeria Limited, Nigeria’s most valuable Bank brand is again set to support schools with their educational requirements to enhance preparations for the school year. The Bank’s support […]

Heritage Bank Solicits For Online Media; Other Stakeholders’ Support

A new money market brand, Heritage Bank, has solicited for more support from the stakeholders, as it thrives to consolidate its capital base, as well as serves its customers in line with the vision of the management of the repackaged financial institution. The Group Head, Media Relations and External Communications of the Bank, Mr. Igwe […]

First Bank, three other Nigerian banks in Global Top 500 Banking Brands

BALTIMORE, MD (AFRICAN EXAMINER) – First Bank of Nigeria Limited has retained its number one banking brand ranking in Nigeria for the fifth consecutive year in the 2016 The Banker and Brand Finance Top 500 Banking Brands in the world. According to the 2016 Top 500 banking brands ranking published in the February edition of […]

Relative Economic Slowdown in China May Endanger Africa, IMF warns

By Eric Ojo, Abuja The International Monetary Fund (IMF) has said that the ripples generated by the relative economic slowdown in China may have some negative impacts on the economies of countries in the African continent. The Fund noted that Africa is affected by changes in China’s economic dynamics because she is currently the continent’s […]

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