(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 […]
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 […]
…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 […]
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 […]
(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 […]
(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 […]
(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 […]
(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 […]
…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 […]
(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, […]
…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 […]
(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 […]
(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 […]
(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 […]
(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 […]
…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 […]
(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 […]
(AFRICAN EXAMINER) – Millions of telecommunications subscribers were stranded on Friday as commercial banks disconnected MTN customers from banking channels including the Unstructured Supplementary Service Data and banking apps. MTN has 77.35 million subscribers, according to latest industry statistics from the Nigerian Communications Commission. MTN customers complained on Friday about being unable to recharge their […]
…Shareholders Optimistic About Future Earnings Prospects (AFRICAN EXAMINER) – Pan African financial institution, United Bank for Africa (UBA) Plc has assured its teeming shareholders and investors of even greater returns in the coming months, with the bank having established a diversified business model that ensures impressive performance even in periods of uncertainty, across its geographical […]
(AFRICAN EXAMINER) – Aliko Dangote Foundation (ADF), on Wednesday, empowered a total of 16,000 women in all the 16 local governments area of Kwara State. Each of the 16 thousand rural women were given the sum of N10,000 each, to help boost their petty trade and also start new businesses. In all, a total of […]
