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Firstbank Hits Over 86,000 Firstmonie Agents, Empowers More Nigerians

(AFRICAN EXAMINER) – In furtherance of the need to promote the business activities of its foremost agent banking platform – Firstmonie Agents – Nigeria’s leading financial inclusion services provider, First Bank of Nigeria Limited, has announced the provision of loan facilities – up to one million naira – to its banking agents. The Bank currently […]

Cryptocurrencies Unchecked Prone To Financial Crimes, says CBN

(AFRICAN EXAMINER) –   Following reactions trailing a recent Central Bank of Nigeria (CBN) directive to Deposit Money Banks  (DMBs) to desist from cryptocurrencies transactions, the apex bank has clarified that the intention is to ensure accountability. Making the clarification in a statement in the CBN official  website, Mr Osita Nwanisobi, the bank’s Acting Director […]

CBN Orders Banks, Others To Close Crypto Currency Accounts

(AFRICAN EXAMINER) -The Central Bank of Nigeria (CBN) has directed all Deposit Money Banks (DMBs), Non-Bank Financial Institutions (NBFIs) and Other Financial Institutions (OFls) to close the accounts used for crypto currency operations. The CBN in a circular BSD/DIR/GEN/LAB/14/001 issued on Friday, ordered all financial institutions “to identify persons and/or entities transacting in or operating […]

INTERVIEW: How Heineken Team At Nigeria Breweries Stole My Blueprint On Effective Power Supply -Eng. Agu

(AFRICAN EXAMINER) – Kenechukwu Agu is an Electrical/ Electronics Engineer. He is also the Chief Executive Officer (CEO), EvanPower  Engineering limited. In this interview with Our  Correspondent,  Ignatius Okpara, he spoke on how his Blueprint, which he referred to as his intellectual property was alledgdly  “stolen” by Heineken via the Nigerian Breweries.  The Blueprint which […]

Group Frowns At Fresh Dubai Airport COVID-19 Protocols For Nigerian Passengers

(AFRICAN EXAMINER) – The National Association of Nigeria Travel Agencies (NANTA) has decried the latest COVID-19 protocol from Dubai Airport Authority requesting Nigerian passengers to undergo a rapid response COVID-19 antigen test before departure to Dubai. NANTA also expressed shock at UAE’s insistence that Nigerians bound to Dubai must fly only Emirates airlines, foreclosing and […]

Peace Mass Transit To Media: Only Publish Verified Information on Accident Cases

(AFRICAN EXAMINER) – The management of peace Mass transit (PMT) company, has appealed to members of the public and the media, to always publish only veried information on issues concerning road accidents so as not to cause unnecessary panic and tension among victims’ families. This was contained in a statement issued by Mr. David Okoroafor, […]

NNPC Pledges Support For $3.6bn Brass Methanol Plant

(AFRICAN EXAMINER) – The Nigerian National Petroleum Corporation (NNPC) says it would do everything within its powers to ensure the timeous completion of the $3.6bn Integrated Gas Processing and Methanol Plant in Odioma, Brass Island, Bayelsa State. The Group Managing Director of NNPC, Mallam Mele Kyari, made the commitment at the signing of the Final […]

SON Destroys Over 6000 Expired, Substandard Tyres

(AFRICAN EXAMINER) – The Standards Organisation of Nigeria (SON), on Thursday, destroyed over 6,000 expired and substandard imported tyres confiscated in Port Harcourt, Rivers. Supervising the destruction in Enugu, Mr Obinna Manafa, the Director, Inspectorate and Compliance Directorate of SON, said that the destruction was to prevent access of such tyres into the markets and […]

Shelter Gap: Sanwo-Olu Woos Private Investors, Promises Enabling Environment

(AFRICAN EXAMINER) – ) Gov. Babajide Sanwo-Olu of Lagos State, has promised a conducive business climate for investors participating in the mass housing initiative of his administration to bridge the huge shelter gap. Sanwo-Olu made the pledge while inaugurating the 252 units of the first environment friendly estate in Idale in Badagry Local Government Area […]

Despite High Taxes, Nigerians Provide Water, Electricity, Others For Themselves – Adesina

(AFRICAN EXAMINER) – President of the African Development Bank, AfDB, Akinwumi Adesina, has kicked at the  situation where Nigerians pay high taxes and still provide basic infrastructure for themselves. The former Nigeria’s minister of agriculture disclosed this on Thursday at the first national tax dialogue organized by the Federal Inland Revenue Services (FIRS). Adesina satted […]

Analysts Say Nigeria’s Economic Outlook In 2021 Will Be Challenging But …

(AFRICAN EXAMINER) – Some analysts have made projections on the trajectory of the nation’s economy in 2021, saying  the year will be challenging but there will be light at the end of the tunnel. They spoke during an interactive zoom webinar by the Nigerian-British Chamber of Commerce with theme, “ 2021 Economic Outlook’’. Mr Bismarck […]

Chevron Denies Responsibility Over Bayelsa Oil Spill

(AFRICAN EXAMINER) – Chevron Nigeria Limited (CNL) declared on Friday that reported leaks near its operational areas at Funiwa offshore facilities off the Atlantic coast was not from its facilities and pledged to support regulators in tracing the source. The fishermen around the Atlantic Ocean coastline reported an oil leak suspected to be from the […]

Climate Change Effects: Expert Recommends Mitigation, Adaptation Strategies

(AFRICAN EXAMINER) – An agrometeorologist, Dr Adewale Adetayo, has recommended mitigation and adaptation strategies as part of measures to reduce the effects of climate change on the environment. Adetayo, who works at the Institute of Agricultural Research and Training (IAR &T), Ibadan, made the recommendation in an interview on Thursday in Ibadan. He said mitigation […]

2021 Appropriation: Experts Okay Monitoring, Supervision For Excellent Budget Performance

By Tajudeen Balogun, Head, Nigeria Bureau, Lagos (AFRICAN EXAMINER) – Business institutions and budget specialists in the country have agreed to constitute implementation, monitoring and supervision body, so as to influence the economic policies makers to be more proactive, disciplined and efficient, as well as ensure excellent budget performance in every fiscal year. The Abeokuta Business […]

UBA’s LEO: Celebrating 3 Years of Revolutionised Banking Services

(AFRICA EXAMINER) – Technology has been a veritable gift to mankind, and over the years, it has been responsible for creating amazingly useful resources which put all the information individuals need at their fingertips. The development of technology has also led to so many mind-blowing discoveries, better facilities, and better luxuries, which has in-turn helped […]

Firstbank Deepens Financial Inclusion With Largest Agent Banking Network, Empowers Smes

(AFRICAN EXAMINER) – At present, there are over 86,000 banking agents across 772 out of the 774 local government areas in Nigeria, a demonstration of FirstBank’s commitment to deepening financial inclusion and ensuring the unbanked are adequately catered for. In an interview with BusinessDay, Adesola Adeduntan, FirstBank’s CEO, noted that over N9.6 trillion had been […]

NNPC Records $120.49m Crude Oil Receipt In September

(AFRICAN EXAMINER) – The Nigerian National Petroleum Corporation (NNPC) has announced a total export receipt for crude oil and gas valued at $120.49 million for the month of September 2020. A press release by the Group General Manager, Group Public Affairs Division of the Corporation, Dr. Kennie Obateru, stated that the figure is contained in […]

Firstbank Launches Innovative, Convenient Virtual Payment Card

(AFRICAN EXAMINER) – First of Bank of Nigeria Limited, Nigeria’s leading financial inclusion services provider has launched the Virtual Payment card, a Naira denominated debit card and digital representation of the plastic debit card.  The card is designed to be linked to either a customer’s operative account or wallet account. The FirstBank Virtual Payment Card […]

CAC Generates N19bn Revenue In 2020, Says Registrar-General

(AFRICAN EXAMINER) – The Registrar-General, Corporate Affairs Commission (CAC), Alhaji Garba Abubakar, has said the organisation raked in more than N19 billion as Internally Generated Revenue (IGR) last year. Abubakar made this known in an interview with the News Agency of Nigeria (NAN) on Wednesday in Abuja. According to him, in spite of the COVID-19 […]

First Female MD/CEO Of Fidelity Bank Onyeali-Ikpe Assumes Office

(AFRICAN EXAMINER) – Mrs Nneka Onyeali-Ikpe, has formally assumed office as the 4th Managing Director and Chief Executive Officer and first female to occupy the position at Fidelity Bank Plc, effective on Jan. 1. The bank disclosed that Onyeali-Ikpe took over from Mr Nnamdi Okonkwo, whose contract tenure ended on Dec. 31, 2020, in line […]

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