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Millionaires Emerge In UBA Savings Promo As 10 Customers Win N1m Each

(AFRICAN EXAMINER) – Pan African financial institution, United Bank for Africa (UBA) Plc, has rewarded 10 of its loyal customers with a total sum of N10m in the quarterly draws of the ongoing UBA Savings Promo. This promo, which is held every quarter, is intended to appreciate loyal customers of the bank, who have stayed […]

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Transcorp Shareholders Salute Strong Q1 2021 Profit Boost

(AFRICAN EXAMINER) – Shareholders of Nigeria’s leading diversified conglomerate, Transnational Corporation of Nigeria Plc (“Transcorp”), showed their strong confidence in the Board and management, at the Group’s 15th Annual General Meeting (AGM), which took place this week at the Transcorp Hilton Abuja. The shareholders commended the company for declaring dividends, noting that despite the negative […]

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FirstBank’s Firstmonie Agents Hits 100,000

…Impacting Hundreds of Thousands of Lives and Communities Across Nigeria (AFRICAN EXAMINER) – If you live in Lagos, Abuja or Port Harcourt, or you reside in any of the other state capitals, you probably take for granted that you actually live in the better of the two worlds that make up Nigeria when it comes […]

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Dangote Cement To Pay N40.39bn In Corporate Tax

(AFRICAN EXAMINER) – Nigeria’s Dangote Cement Plc is expected to pay a total of N40.39 billion in taxation to the nation’s treasury from its operational result in the first quarter of 2021. According to the financial result published by the country’s largest cement manufacturer on Friday, April 30, 2021, the amount is due from corporate […]

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Access Bank: The Bigger It Grows, The Kinder It Becomes

By Etim Etim (AFRICAN EXAMINER) – The banking industry will make a huge donation of cash, vehicles and equipment to the Nigerian Army, Police and other law enforcement agencies in the next few weeks to support the federal government’s fight against insecurity, Herbert Wigwe, Access Bank’s Group Managing Director & chief executive announced to shareholders […]

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Revenue Projection In Letter To AGF Not Reflection Of Financial Standing, NNPC Clarifies

…Pledges to Optimize Cost, Boost Remittance to FAAC The Nigerian National Petroleum Corporation (NNPC) has clarified that the revenue projection contained in the letter to the Accountant General of the Federation being cited in the media pertains only to the Federation revenue stream being managed by the Corporation and not a reflection of the overall […]

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First Bank Shake Up: Adedunta Resumes As MD/CEO

Dr. Adesola Adeduntan has since resumed work as CEO of the First Bank in line with the directives of the Central Bank of Nigeria (CBN), a corporate statement issued by the Bank has stated. The statement reads in full as follows: “We refer to the Central Bank of Nigeria Limited (CBN) pronouncement on the reconstitution […]

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Q1: United Capital Reports 67% Growth In PAT

(AFRICAN EXAMINER) – United Capital Plc (“United Capital” or “The Group”), Nigeria’s leading investment bank and a foremost Pan-African financial and investment services group, announced its Unaudited Financial Statements for the period ended March 31, 2021 on April 28th, 2021, showing a Revenue of N3.12Billion, and Profit Before Tax of N1.97 Billion while delivering an […]

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OML 143: NNPC, SEEPCO Sign Gas Development Agreement To Unlock 1.2TCF

(AFRICAN EXAMINER) – The gas development and commercialization programme of the Nigerian National Petroleum Corporation (NNPC) received a boost Thursday with the execution of the Oil Mining Lease (OML) 143 Gas Development Agreement (GDA) by the NNPC and its partner, Sterling Oil Exploration and Production Company (SEEPCO). A statement by the Group General Manager, Group […]

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Starting 2021 Strong, UBA Records 27% PAT Growth, 20.5% ROAE

(AFRICAN EXAMINER) – Pan African financial institution, United Bank for Africa (UBA) Plc has released its unaudited results for the first quarter ended March 31st, 2021, showing impressive double-digit growth across most of its major income lines. The bank leveraged on modest growth in both interest and non-interest income as well as increased efficiency to […]

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NIRSAL Fraud: Farmers, Stakeholders Groan As CBN Suspends Anchor Borrowers Loans

(AFRICAN EXAMINER) – Farmers and other stakeholders have cried out over the negative economic impact that will hit the Nigeria’s economy following the suspension of the Anchor Borrowers Loans scheme mismanaged by the Nigeria Incentive Based Risk Sharing System for Agricultural Lending (NIRSAL). African Examiner reports that the Central Bank of Nigeria (CBN) had recently […]

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NNPC Records 37.21% Drop In Oil Pipeline Vandalism In January

…Increases Gas Supply for Power Generation (AFRICAN EXAMINER) – The Nigerian National Petroleum Corporation (NNPC) has announced a 37.21 % decrease in cases of pipeline vandalism across the country in the month of January 2021.     This is contained in the January 2021 edition of the NNPC Monthly Financial and Operations Report (MFOR), according to […]

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UBA Business Series To Equip SMEs With Performance Management Strategies

(AFRICAN EXAMINER) – As part of its commitment to support the growth and sustainability of Micro, Small and Medium-scale Enterprises (MSME) in the continent, Pan African financial Institution, United Bank for Africa (UBA) Plc, is set to organise the next edition of its UBA Business Series. The UBA Business Series which is a monthly event, […]

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Dangote Says Cement Price From Factories Is N2,450 And N2,510 Per Bag, VAT Inclusive

…Nigeria Price Lower Than Prices Across West African Coast (AFRICAN EXAMINER) – Management of Dangote Cement Plc has clarified that the price of a bag of cement from its factories and plants across Nigeria (as at 12th April, 2021) is N2,450 in Obajana and Gboko, and N2,510 in Ibese inclusive of VAT. The clarification was […]

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NIN-SIM Data Linkage Will Boost National Security, Says NCC

(AFRICAN EXAMINER) – The Nigeria Communication Commission (NCC), has enjoined mobile phone network subscribers in the country to embrace the ongoing National Identity Number NIN sim data linkage exercise, saying it will improve national security. Executive Vice Chairman of the Commission, (EVC) Professor Umar Garba Danbatta, who stated this while addressing consumers at the NCC […]

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Group Seeks Reforms to Enhance Agric Quarantine Agency’s Performance

(AFRICAN EXAMINER) – A non-governmental organization, the National Ecosystem Advocates of Nigeria (NEAN), has appealed to the National Assembly to embark on the review of the current NAQS act, 2017, with a view to identifying and strengthening the law to ensure that the main objectives of the legislation is fully attained. It noted that having […]

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NNPC Assures Kebbi State Of Commitment To Renewable Energy Project

(AFRICAN EXAMINER) – The Nigeria National Petroleum Corporation (NNPC) has restated its commitment to the partnership with the Government of Kebbi State for the production of biofuels, describing the project as viable and in tandem with the global transition to renewable energy. The Group Managing Director of the NNPC, Mallam Mele Kyari, disclosed this while […]

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Elumelu: Youth Restiveness Ticking Time Bomb for Africa, Others

(AFRICAN EXAMINER) – Tony O. Elumelu, CON, Chairman of United Bank for Africa, Heirs Holdings and Founder of the Tony Elumelu Foundation speaks to 21,000 youth at the Joshua Generation International Youth Conference at the University of Nigeria, Nsukka. The Chairman of the United Bank of Africa (UBA), Mr. Tony Elumelu, has stressed the need […]

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NNPC Signs $1.5billion Contract for Rehabilitation of PH Refinery

…To Award Warri, Kaduna Refineries Rehab EPC in June (AFRICAN EXAMINER) – The drive by the Management of the Nigerian National Petroleum Corporation (NNPC) to boost in-country refining capacity was bolstered on Tuesday with the signing of the Engineering, Procurement, Construction, Installation and Commissioning (EPCIC) contract for the rehabilitation of the 210,000 barrels per day […]

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UBA: A Bank Of Many Firsts, In Pursuit Of Customer Satisfaction

(AFRICAN EXAMINER) – United Bank for Africa Plc has carved a niche for itself and continues to stand out as the leading Pan-African financial institution, consistent in introducing numerous first rate innovative products with customer satisfaction in mind.  To this end, the bank has invested significantly in cutting edge technology in a bid to boost […]

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