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World Environment Day: NNPC Restates Commitment to Sustainable Environment

(AFRICAN EXAMINER) – The Nigerian National Petroleum Corporation (NNPC) says it remains committed to the promotion of sustainable environment across it operations, stressing that its energy transition programme and support for carbon neutral projects are proofs of that commitment. The Group Managing Director of the Corporation, Mallam Mele Kyari, stated this at an event organized […]

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Finally, Dangote Fertiliser Commences Production Of Urea; Hits Market Monday

(AFRICAN EXAMINER) – To the admiration of key financial sector operators present, the Dangote Fertilizer Limited announced on Friday the formal commencement of production of Urea in commercial quantity and the plan to hit the Nigerian market on Monday. In what industry watchers have described as a potent step to liberalize of the fertilizer market […]

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Public Announcement: First Bank Says South East Branches Fully Open For Business

(AFRICAN EXAMINER) – First Bank of Nigeria has urged Nigerians to disregard the news making the rounds that its South East branches are closed. The rebuttal was contained in a statement sent to African Examiner and signed by Folake Ani-Mumuney, Group Head, Marketing & Corporate Communications of the bank. The statement simply reads: “Public Announcement […]

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Heirs Holdings Enter Insurance Market, Promise Insurance Revolution

…Heirs Insurance, Heirs Life To Offer Reliable Insurance To Nigerians (AFRICAN EXAMINER) – Heirs Holdings (HH) announced the Group’s transformative insurance industry play, with the launch of Heirs Insurance Limited (HIL) and Heirs Life Assurance (HLA), on Tuesday, June 1, 2021, at the companies’ Victoria Island headquarters in Lagos.  Heirs Holdings will bring a dynamic, […]

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NNPC To Acquire Equity In Private Refineries To Safeguard National Energy Security

(AFRICAN EXAMINER) – The Nigerian National Petroleum Corporation has revealed that it is currently considering equity participation in a number of private refineries in the country in line with a Federal Government policy directive which stipulates the mandatory participation of the Corporation in any privately-owned refinery that exceeds 50,000 barrels per day capacity in keeping […]

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Nigeria Stands To Earn $700 Million Annually From Sugar Backward Integration

…As Dangote Sugar Records 13.7 Percent Increase In 2020 Production (AFRICAN EXAMINER) – Dangote Sugar Refinery Plc has urged government to faithfully follow through the Backward Integration Policy in the sugar industry as the nation stands to rake in foreign exchange up to $700millon yearly from Sugar production self-sufficiency. Chairman of Dangote Sugar Refinery Aliko […]

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Shareholders Hail Dangote Over Cement’s N272.6bn Dividend

(AFRICAN EXAMINER) – Shareholders of Dangote Cement Plc on Wednesday commended theManagement of the company for an impressive performance despite the economicchallenges in the year under review. Unanimously, theshareholders approved N272.6 billion as dividend, translating to N16 per sharefor the year ended December 31, 2020. The 16 per cent increase in the company’srevenue led to […]

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OML 118: NNPC, SNEPCo, Others Sign Multibillion Dollar Deep Water Agreement

…Deal To Yield Over $780million In Immediate Revenues To Government (AFRICAN EXAMINER) – The Nigerian National Petroleum Corporation (NNPC) and its Production Sharing Contract (PSC) partners – Shell Nigeria Exploration and Production Company (SNEPCo), Total Exploration and Production Nigeria Limited (TEPNG), Esso Exploration and Production Nigeria Limited (EEPNL) and Nigerian Agip Exploration (NAE)  – have […]

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UBA Appoints Caroline Anyanwu As New Board Member

(AFRICAN EXAMINER) – United Bank for Africa (UBA), the leading pan-African financial services institution, has announced the appointment of Mrs. Caroline Anyanwu to its Board of Directors, effective May 19, 2021. Caroline Anyanwu holds a First-Class degree in Statistics from the University of Ilorin in Nigeria and has worked extensively in the fields of accounting, […]

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Firstbank Bags A Hat Trick Of Awards At Global Banking And Finance Awards 2021

(AFRICAN EXAMINER) – First Bank of Nigeria Limited, Nigeria’s premier and leading financial services provider, has been awarded the 2021 ‘’Retail Banking CEO of the Year Nigeria’’, ‘’Most innovative Retail Banking App Nigeria’’ and ‘’Best CSR Bank Nigeria’’ awards by Global Banking and Finance magazine. The respective awards conferred on the Bank are in recognition […]

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WASU Hails Dangote On Employment Generation

…Tasks W/African Leaders On Youth Unemployment (AFRICAN EXAMINER) – West African Student’s Union (WASU) has commended the aggressive employment generation drive of the Aliko Dangote led companies, urging other wealthy West African leaders to invest in industries that will rid the region of high unemployment rate. President of WASU, Comrade Romans Pillah in a press […]

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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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UBA

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