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Nigeria’s Seaports Operating Far Above Installed Capacity – NPA MD

(AFRICAN EXAMINER) –  Mr Mohammed Bello-Koko, Acting Managing Director of Nigerian Ports Authority (NPA), has said that the two Lagos seaports located in Lekki and Tin Can Island were operating “far beyond their installed capacities”. “What it simply means is that if they were built to handle 500,000 Twenty Foot Equivalent Units (TEUs), for instance, […]

Forum Offers Seed Grants To Transform Degraded Landscapes In West Africa

(AFRICAN EXAMINER) – Global Landscapes Forum (GLF) with the support of the Robert Bosch Foundation is deploying €25,000 grant for local landscape restoration and conservation projects in the Sahel region of West Africa. The project which are located in Bawku (Ghana), Ibadan (Nigeria), Nkambe and Yaoundé (Cameroon), and Ouagadougou (Burkina Faso), are part of GLF’s […]

Bank, NGO Co-Finance Fight Against Malaria In Angola

(AFRICAN EXAMINER) – Angolan private bank, Banco de Fomento Angola (BFA) on Saturday signed a financial agreement with a non-governmental organisation (NGO) worth 30 million Kwanzas ($50,000) to combat malaria. Anya Fedorova, Population Services International Angola representative, who spoke to the press said her organisation’s co-funding agreement with BFA was aimed at helping in fighting […]

FRC To Sanction Banks, Financial Institutions Violating Loan Conditions To States

(AFRICAN EXAMINER) – The Fiscal Responsibility Commission (FRC) says it has notified about 14 banks and financial institutions allegedly granting loans without due process to state governments. Executive Chairman of the FRC, Mr Victor Muruako, made the disclosure at a Transparency and Accountability Sensitisation Workshop for the South West in Lagos on Monday. African Examiner […]

GMD UBA, Kennedy Uzoka Wins ‘Finovator Of The Year’ Award

…As UBA Receives the ‘Excellence in Digital Banking’ Award (AFRICAN EXAMINER) – The Group Managing Director/Chief Executive Officer of United Bank for Africa (UBA) Plc, Kennedy Uzoka, has been announced as the winner of the Finovator of the Year’ Award for the year 2021.  The Finovator of the Year’ Award is organised by the Finnovex […]

Access Bank, Lagos Govt Begin Grassroots Sensitization On Loans For Women-Owned MSMEs

(AFRICAN EXAMINER) – Access Bank Plc, a multinational commercial bank, owned by Access Bank Group, in conjunction with Lagos State Employment Trust Fund (LSETF) has commenced a series of grassroot engagement sessions across Lagos State to sensitize businesswomen residing in the state on the LSETF W Loan Scheme. Access Bank, through the W Initiative is […]

Dangote, A Driver Of Industrialization In Africa – MAN

…Re-Elects Mansur As President (AFRICAN EXAMINER) – Given its massive investments in the Nigeria’s manufacturing sector, the Pan-African conglomerate, the Dangote Group has been described as a pillar of Nigeria’s manufacturing sector. Speaking on the sideline of the just concluded 49th Annual General Meeting (AGM) of the Manufacturers Association of Nigeria (MAN) in Abuja, the […]

FG, States, LGCS Share N739.96bn For Sept Allocation

(AFRICAN EXAMINER) – The Federation Accounts Allocation Committee (FAAC) has shared to the three tiers of government, N739.965 billion as federation allocation for September. According to a statement from Mr Oshundun Olajide, Deputy Director (Information), Ministry of Finance, Budget and National Planning late on Thursday, the meeting was held through a Virtual Conference. “From the […]

CBN Warns Nigerians Against Fraudsters, Fake Enaira Social Media Handles

(AFRICAN EXAMINER) –  The Central Bank of Nigeria (CBN) has advised Nigerians to be wary of fraudsters who have been posting fraudulent messages relating to the eNaira launched recently. Mr Osita Nwanisobi, Director, Corporate Communications, said in a statement posted on the bank’s website on Wednesday, that the bank was not disbursing eNaira currency to […]

CAC Set To Block Fraudulent Registration Applications- Abubakar

(AFRICAN EXAMINER) – The Corporate Affairs Commission (CAC) has expressed determination to block suspected fraudulent applications aimed at registering new companies similar to existing ones trying to take over lands belonging to others. CAC, in a statement issued on Sunday in Abuja, by its Head of Media, Mr Rasheed Mahe, said that high incidence of […]

Fidelity Bank Wins DBN-Focused Locations Award

(AFRICAN EXAMINER) – A leading commercial bank in Nigeria, Fidelity Bank Plc has emerged winner of the 2020 Development Bank of Nigeria (DBN) service award for the highest disbursement to DBN-focused locations. Fidelity Bank currently has about 6 million customers who are serviced across its 250 business offices and various other digital banking channels. The […]

Port Harcourt Refinery Rehab: Host Communities, Stakeholders Fully Involved, Says Dikko, PHRC MD

(AFRICAN EXAMINER) – The ongoing rehabilitation of the Port Harcourt Refining Company (PHRC) is a process that has the host communities and stakeholders fully involved, Ahmed Dikko, Managing Director of the company has disclosed. Dikko in a chat with Vanguard said a critical element for the successful rehabilitation of the refinery is the support of […]

CBN Postpones e-Naira Launch

(AFRICAN EXAMINER) –  The Central Bank of Nigeria (CBN) has announced the postponement of the proposed launch of its digital currency, e-Naira. A statement by apex bank’s Director of Communications, Mr Osita Nwanisobi, said that the launch, which was earlier scheduled for Oct. 1, was postponed due to other activities lined up to commemorate the […]

Sustainability Week: Dangote Donates To Old Age Home, Physically Challenged Children

(AFRICAN EXAMINER) – As part of activities marking the 2021 Global Sustainability Week, employees of the pan-African of Dangote Group, have donated food items and other hygiene products to the old age and the physically challenged children. The donations were made in Lagos to the physically challenged persons at the Pacelli School for the Blind, […]

UBA’s LEO Continues To Evolve, Remains Smartest Banking Chatbot

…Hits 3 Million User Mark  (AFRICAN EXAMINER) – Pan African financial institution, United Bank for Africa (UBA) Plc, has in the last three years won the hearts of its customers with its artificial intelligence chat bot, LEO, which has proven to be the most formidable artificial intelligence chat bot till date; serving an ever-increasing clientele […]

UBA Publishes Names, Account Details Of Forex Defaulters

(AFRICAN EXAMINER) – The United Bank of Africa has published the names of some individuals who applied for Personal Travel Allowance and bought cheap dollars at the bank but did not use it for the purpose they applied for. The account numbers and Bank Verification Numbers of the defaulters were included in the publication. According […]

CBN Sets To Roll Out E-Naira

(AFRICAN EXAMINER) –  The director of Information Technology, Central Bank of Nigeria (CBN), Rukiya Mohammed,  said  the apex bank has concluded plans to launch the Central Bank Digital Currency (CBDC) on October 1. African Examiner reports that Mohammed disclosed this in a webinar, themed “Digital currency and the prospects of CBDC in Nigeria”, organised by […]

Economists’ Forum: Emefiele Not The Cause Of Naira Woes

(AFRICAN EXAMINER) – The North-South Economists’ Forum, NSEF, a focus group of development economists, has exonerated Central Bank of Nigeria, CBN, Governor, Mr. Godwin Emefiele, from the continued depreciation of the value of the naira in the forex market. The body of economists in a press release signed by its Chairman, Malam Ahmed Abdulkadir and […]

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 […]

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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