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Tony Elumelu Named In Time 100 List Of World Most Influential People

(AFRICAN EXAMINER) – TIME has named Tony Elumelu, one of Africa’s leading investors and philanthropists, in the 2020 TIME100, the annual list of the 100 most influential people in the world. The list, now in its seventeenth year, recognises the activism, innovation, and achievement of the world’s most influential individuals. Mr Elumelu, who is one […]

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Firstbank Announces Appointment Of Oluwande Muoyo As Non-Executive Director

(AFRICAN EXAMINER) – First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider, today announced the appointment of Mrs. Oluwande Muoyo as a Non-Executive Director. Mrs. Muoyo joined the board of FirstBank from FBN Holdings Plc., the parent company of First Bank of Nigeria Limited.  Speaking on her appointment, Dr. Adesola Adeduntan, CEO, FirstBank […]

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Unstable Fiscal Regime Stifling Nigerian Petroleum Industry -Kyari

(AFRICAN EXAMINER) – The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mallam Mele Kyari, has said that the absence of a stable fiscal environment is inhibiting the growth of the Nigerian petroleum industry, especially the upstream sector. Mallam Kyari, who stated this while playing host to members of the House of Representatives […]

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Citygate Group Acquires Land For Global Headquarters, Staff Now Over 400

(AFRICAN EXAMINER) – One of Nigeria’s biggest finance outfits, Citygate Group, has acquired a parcel of land for its global headquarters in Ikeja area of Lagos State. The Group, with its headquarters in Lagos, started from a one room apartment 14 years ago and now has presence in 13 states and Abuja, with over 400 […]

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Nigeria Partners Private Sector On Technology, Digital Economy

(AFRICAN EXAMINER) – The Federal Government of Nigeria has reaffirmed its commitment to collaborate with the private sector to improve the country’s technology and digital economy. Vice President Yemi Osinbajo, who gave the assurance during a fireside chat with Facebook’s Vice President on Global Affairs and Communications, former UK Deputy Prime Minister, Sir Nick Clegg. […]

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NNPC Records ₦20.36 Billion Trading Surplus In July

(AFRICAN EXAMINER) – The Nigerian National Petroleum Corporation (NNPC) has recorded an increased trading surplus of ₦20.36billion in July 2020 compared to the ₦2.12billion surplus in June 2020 in its operations. Dr. Kennie Obateru, Group General Manager, Group Public Affairs Division of the corporation, in a release in Abuja, explained that details of the figures […]

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Deregulation: NNPC To Support Deployment of CNG Facilities

The Nigerian National Petroleum Corporation (NNPC) has pledged to support ongoing initiatives by the Ministry of Petroleum Resources to provide alternate energy source to Nigerians through aggressive activation of Compressed Natural Gas (CNG) refill stations for motorists across the country. Speaking on TVC Business Show, Business Nigeria Live, the Group Managing Director of the Corporation, […]

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Firstbank Graduates Third Set Of Senior Management Development Programme Participants

(AFRICAN EXAMINER) – First Bank of Nigeria Limited, Nigeria’s leading financial inclusion services provider, has graduated 12 successful candidates in the third edition of its Senior Management Development Programme (SMDP). The graduation ceremony held virtually, via the Zoom video conferencing platform on Wednesday, 2 September, 2020. The Senior Management Development Programme (SMDP) is FirstBank’s intensive […]

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UBA Delivers N300.6 Billion Gross Earnings, Declares N0.17k Interim Dividend

(AFRICAN EXAMINER) – Africa’s leading financial institution, United Bank for Africa (UBA) Plc, has announced its audited financial results for the half year ended June 30, 2020, showing commendable growth across key performance indices as well as increased contribution from its African subsidiaries. Notwithstanding the challenging business and economic environment occasioned by the Covid-19 pandemic, […]

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Again, NNPC Increases Petrol Pump Price

(AFRICAN EXAMINER) – The Pipelines and Product Marketing Company (PPMC), says the price of petrol has again increased to N151.56 per litre. This was announced in a memo released by the Pipelines and Product Marketing Company (PPMC) and signed by D.O. Abalaka. It reads: “Please be informed that a new product price adjustment has been […]

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Adesina Sworn-in as New AfDB President

(AFRICAN EXAMINER) – The newly elected President of the African Development Bank (AfDB), Dr Akinwunmi Adesina, has been sworn-in for another term. The ceremony which was held virtually and broadcast online Tuesday was administered by the Chairperson of the bank’s board of Governors and Ghana’s Finance Minister, Kenneth Ofori-Attah. The swearing-in ceremony was attended by Heads […]

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CBN Resumes Sales of Foreign Exchange To Bureau De Change Operators

(AFRICAN EXAMINER) – The Central Bank of Nigeria (CBN) says it has commenced the sales of foreign exchange to the Bureau De Change (BDC) operators in the country. The CBN made this known in a circular signed by Dr Ozoemena Nnaji, Director Trade and Exchange Department, and addressed to authorised dealers and BDC operators on […]

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BREAKING: Finally, Nigeria’s Akinwunmi Adesina Re-elected As AfDB President

(AFRICAN EXAMINER) – Finally, a former Nigeria’s Minister of Agriculture Mr. Akinwumi Adesina has been re-elected as the President of the African Development Bank AfDB. Adesina emerged the winner unopposed at a virtual Annual General Meeting (AGM) of the Bank which held Thursday. The head of the African bank had appealed Wednesday for a second […]

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Zenith Bank GMD Canvasses For Expansion Of Non-Oil Exports

(AFRICAN EXAMINER) – The Group Managing Director/Chief Executive of Zenith Bank, Mr. Ebenezer Onyeagwu has called for a concerted effort towards diversifying the country’s export base through the promotion of non-oil exports. He made the call during a Webinar themed “Prospects of Non-Oil Export During and Post COVID-19” organized by the bank on Wednesday, August […]

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COVID-19: CBN, Bankers’ Committee to Support Airlines, Media

(AFRICAN EXAMINER) – The Central Bank of Nigeria (CBN) and the Bankers’ Committee have unanimously agreed to extend special facilities to Nigerian-registered airlines and the media industry in the country to enable them adequately address the negative impact of the COVID-19 pandemic. The CBN Director Corporate Communications, Mr Isaac Okorafor, made this known in a […]

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Nigeria Will Apply Reciprocity to International Flight Resumption, Says Aviation Minister

(AFRICAN EXAMINER) – As Nigeria prepares to resume international flights, the Minister of Aviation, Hadi Sirika, says the country will apply the principle of reciprocity. Speaking at the Presidential Task Force  (PTF) on COVID-19 daily briefing on Thursday in Abuja, the minister explained that this principle meant carriers from all countries that banned flights from […]

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Nigerian Naira Strengthens Against US Dollar

(AFRICAN EXAMINER) – Barely 24 hours the Nigerian Naira was forced to a downward trajectory by dollar scarcity, it bounced back, closing at N477 to a dollar at the parallel market in Lagos. The Pound Sterling and the Euro traded at N608 and N550, respectively. The Naira, however, weakened marginally at the investor’s window, losing […]

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Prudential Zenith Life Donates $100k To Slum2School To Tackle COVID-19

(AFRICAN EXAMINER) – Prudential Zenith Life Insurance has donated the sum of One Hundred Thousand United States Dollars (US$100,000) to Slum2School Africa to help combat the impact of the COVID-19 pandemic on education in disadvantaged communities in Nigeria. The donation was made through a Corporate Social Responsibility (CSR) Fund from the Prudence Foundation, the community […]

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Dangote Cement Promo Produces New 60 Millionaires

(AFRICAN EXAMINER) – The ongoing Dangote Cement Bag of Goodies Promo season 2 has produced 60 millionaires spread across the nation, thereby cushioning the effects and impact of COVID-19 on businesses and families according to the company’s Director of Marketing, Mrs. Funmi Sanni. She said that more winners are expected to emerge in the coming […]

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COVID-19: Nigeria Announces Resumption Dates For International Flights

(AFRICAN EXAMINER) – Minister of Aviation, Hadi Sirika, says international flights, suspended by the nation’s aviation authorities as a result of the global outbreak of the Coronavirus (COVID-19) pandemic will resume on Aug. 29, 2020. He announced this at Monday’s briefing of the Presidential Task Force on COVID-19 in Abuja, adding that Nigeria’s international airports […]

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