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Firstbank Expands Its International Money Transfer Network

…Reinforces Its Commitment To Customer Service (AFRICAN EXAMINER) – In furtherance of the need to expand diaspora remittance inflow into the country, First Bank of Nigeria Limited has increased its network of International Money Transfer Operators (IMTOs), targeted at easing the accessibility of its customers to receive money from close to 100 countries across the […]

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Commitment To Customer Service Translates To Financial Gains –UBA GMD

The Group Managing Director/Chief Executive Officer, United Bank for Africa (UBA) Plc, Kennedy Uzoka, has said that the bank recorded significant improvement in its operational and financial performance as a result of its unending commitment towards delivering products and services aimed at meeting customers’ demands. Uzoka said this during the Investors/Analysts Conference Call at the […]

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Herbert Wigwe Wins Leadership Awards’ Banker Of The Year

(AFRICAN EXAMINER) – Group Managing Director and Chief Executive Officer (CEO) of Access Bank Plc, Herbert Wigwe has emerged winner of the 2020 Leadership Awards’ ‘Banker of the Year’. This award was bestowed on him at the Leadership Conference and Awards ceremony which was held in Abuja on Thursday, in recognition of his stellar leadership […]

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Fidelity Bank Grows Profit By 72.4% In 6 Months

(AFRICAN EXAMINER) – Fidelity Bank Plc has posted a profit before tax (PBT) of N20.6 billion for the six months ended June 30, 2021. The Managing Director/Chief Executive Officer of Fidelity Bank, Mrs Nneka Onyeali-Ikpe, disclosed this in the bank’s audited half-year (H1) results released to the Nigerian Exchange (NGX) Limited on Sunday in Lagos. […]

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VAT War: Appeal Court Orders Rivers, FIRS To Maintain Status Quo

(AFRICAN EXAMINER) – The Court of Appeal, Abuja Division on Friday ordered the Rivers Government, the Federal Inland Revenue Service (FIRS) and the Attorney-General of the Federation to maintain status quo, pending the hearing and determination of applications before it in respect of the Valued Added Tax (VAT). The Federal High Court, Port Harcourt, had […]

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Access Bank, SME.NG Launch New Initiative To Empower Women Entrepreneurs In Nigeria

(AFRICAN EXAMINER) – Access Bank Plc, a multinational commercial bank has announced its partnership with SME.NG to launch a new initiative, Ebi Marketplace, an online platform to support the digitization of women-owned businesses in Nigeria. In a statement on Wednesday, Access Bank said Ebi Marketplace, which will be Nigeria’s first all-women’s e-market place with a […]

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AFF Partners Access Bank On Digital Academy For Women

(AFRICAN EXAMINER) – Africa Fintech Foundry (AFF) has announced its partnership with Access Bank’s ‘W’ Initiative to jointly establish a digital academy solely for women. The establishment of the female digital school which is aimed at fostering tech diversity, will educate over 500 women to become technology gurus over the next three to five years. […]

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VAT Court Order: FIRS Urges Taxpayers Not To Panic

 (AFRICAN EXAMINER) – The Federal Inland Revenue Service (FIRS) has urged taxpayers not to panic over the recent court ruling by the Federal High Court sitting in Port Harcourt on Value Added Tax (VAT). The Special Assistant to the Chairman of the FIRS on Media and Communications, Johannes Wojuola, gave the advice in a statement […]

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Niger Govt Shuts Down GT Bank, Polaris, Unity, Other Banks Over Huge Tax Debts

(AFRICAN EXAMINER) – The Niger State Internal Revenue Service (NGSIRS) on Monday shut down eight commercial banks and the state head office of the Abuja Electricity Distribution Company (AEDC) over alleged N456 million tax debts. Mr Mohammed Etsu, the Executive Chairman of the internal revenue Service, told journalists following the exercise that it was carried […]

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Digital Currency Will Facilitate Cross-Border Remittances, Payment System In Nigeria – CBN

(AFRICAN EXAMINER) – Central Bank of Nigeria (CBN) has assured Nigerians that the introduction of its digital currency, eNaira, will facilitate cross-border remittances and improved efficiency in payment system in the country. . This is coming ahead of the Central Bank Digital Currency (CBDC), scheduled to be unveiled in the last quarter of this year. […]

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Lagos Court Freezes N19.1B Linked To Jailed Ex-Bank PHB MD, Francis Atuche

(AFRICAN EXAMINER) – A Lagos State High Court in Ikeja has frozen assets and funds put at N19,178,253,050 allegedly kept in 24 banks by a convicted former bank Managing Director Francis Atuche. Justice Lateefat Okunnu made the order, following an August 17 application by counsel to the Economic and Financial Crimes Commission (EFCC), Mr. Kemi […]

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Access Bank Records N97.49bn Profit In 6 Months

(AFRICAN EXAMINER) – Access Bank Plc has posted a profit before tax (PBT) of N97.49 billion in six months as at June 30. This was stated in the bank’s interim financial statement signed by the Company Secretary, Mr Sunday Ekwochi, posted on the website of the Nigerian Exchange (NGX) Ltd. on Thursday in Lagos. The […]

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Forex Ban: CBN Directs Banks To Publish Names Of Fraudsters On Websites

(AFRICAN EXAMINER) – The Central Bank of Nigeria has directed all commercial banks to publish on their websites the names and Bank Verification Numbers of customers who engage in fraudulent and unscrupulous practices to obtain foreign exchange from banks. In a circular issued by the on Tuesday, the bank outlined the fraudulent practices to include […]

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DisCos Gets Nod To Increase Electricity Tariff

(AFRICAN EXAMINER) – The Eko Electricity Distribution Company has announced to its customers the decision of upward tariff adjustment effective from September 1, 2021. The African Examiner writes that starting from Wednesday September 1, 2021, there are indications that Nigerians will pay more for electricity. This is coming after a directive by the Nigerian Electricity […]

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Mele Kyari Explains Facts Behind NNPC ₦287bn Profit

(AFRICAN EXAMINER) – Following the Presidential applause for the Nigerian National Petroleum Corporation (NNPC) on its posting of ₦287bn profit after tax in the 2020 financial year, the Group Managing Director, Mallam Mele Kyari, has given an insight into the measures adopted by his management to achieve the feat. Speaking at a press conference Thursday […]

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MAN Frowns At Double Taxation In Lagos

(AFRICAN EXAMINER) – Chief John Aluya, Vice President, Manufacturers Association of Nigeria (MAN), Lagos Zone, has decried the double taxation imposed on manufacturing companies by Lagos State Government. Aluya criticised the act during the 7th Lagos Corporate Assembly, tagged: ”Babajide Olusola Sanwo-Olu (BOS) Meets Business”, organised by the Lagos State Ministry of Commerce, Industry and […]

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NNPC GMD Clarifies Revenue Projection for 2022-2024 Revenue Framework

(AFRICAN EXAMINER) – The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, on Wednesday received accolades from the House of Representatives Committee on Finance for providing detailed explanations on some burning Oil Industry issues at an interactive session on the 2022-2024 Medium Term Expenditure and Revenue Framework (MTERF) and Fiscal […]

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PIA Will Promote Corporate Governance, Transparency In Oil And Gas Industry, Says NNPC GMD, Kyari

(AFRICAN EXAMINER) – The Petroleum Industry Act (PIA) just accented to by President Muhammadu Buhari will transform the nation’s petroleum industry into a hub of business opportunities, Mallam Mele Kyari, has said. Kyari, who is the Managing Director of the Nigerian National Petroleum Corporation (NNPC), also said the Act will also attract huge capital globally […]

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Access Bank Reassures Customers On Protection Against Fraudsters

(AFRICAN EXAMINER) – A frontline multinational commercial bank, Access Bank Plc, has reassured customers of its commitment to protecting them from the criminal activities of fraudsters. In a statement made available to the media today, the bank said it has remained committed to educating its customers, informing and protecting them from fraudsters, over the years. […]

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Kenya, Somalia Agree To Fix Strained Relations

(AFRICAN EXAMINER) –  Kenyan President Uhuru Kenyatta on Tuesday held talks with visiting Somali Prime Minister Mohamed Roble, with the two leaders agreeing to reset Kenya-Somalia relations after months of strained ties. Kenyatta, who led the Kenyan delegation at the bilateral talks in Mombasa, spoke of the need to collaborate more in areas such as […]

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