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Nigeria Studying Adoption Of Eco As ECOWAS Common Currency, Says Finance Minister

(AFRICAN EXAMINER) – The Federal Government says it is studying the situation on change of West African Economic and Monetary Union (UEMOA) currency, Eco, to be used as ECOWAS single currency. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed,made this known in a statement by Yunusa Abdullahi, her Special Adviser, Media and […]

UBA Staff Give Back During “Each One, Teach One” Initiative

UBA Foundation, the corporate social responsibility arm of the United Bank for Africa (UBA) Plc, on Friday held the 2019 edition of its annual Each One, Teach One initiative, hosting a huge impact day in Nigeria and across all its subsidiaries in Africa. The Each One, Teach One initiative is part of UBA Foundation’s activities […]

NLNG Train 7 Receives Boost with Gas Supply Agreement

…To Generate $9bn for FG, 10,000 Direct Jobs (AFRICAN EXAMINER) – A critical step towards the realization of the Train 7 Project of the Nigeria Liquefied Natural Gas (NLNG) was taken Friday in Abuja with the signing of a Gas Supply Agreement between the company and major gas producers. Speaking on the significance of the […]

Firstbank Announces Appointment Of Yakubu Wanka As Non-Executive Director

 (AFRICAN EXAMINER) –  First Bank of Nigeria Limited, Nigeria’s premier and leading financial services provider, today announced the appointment of AlhajiAdo Yakubu Wanka as Non-Executive Director.  Speaking on his appointment, Dr. Adesola Adeduntan, Chief Executive Officer, First Bank of Nigeria Limited said, “We are delighted to welcome AlhajiAdo Yakubu Wanka, to the FirstBank Board. We are […]

Girls Dominate 2019 UBA Foundation National Essay Competition

…As Jolaosho Otokini Of Declared Overall Winner (AFRICAN EXAMINER) – It was an all-female top three affair, as 14 year-old Jolaosho Oluwatoroti Otokini of Louisville Girls High School, Ogun State, emerged the overall winner of the 2019 edition of the UBA Foundation National Essay Competition, winning the grand prize of an educational grant of N2,000,000.00 to study […]

Again, UBA Group Emerges African Bank of the Year

Photo caption: CEO, UBA Africa, Mr Victor Osadolor (middle) with  the “African Bank of the Year 2019” won by United Bank for Africa(UBA) Group at The Bankers Awards held in London. …Subsidiaries Win Best Bank In Benin, Chad, Cote D’Ivoire, Gabon, Congo, Sierra Leone  (AFRICAN EXAMINER) – The Banker Magazine has once again selected leading […]

Tony Elumelu Foundation to Open Applications for 2020 TEF Entrepreneurship Programme On January 1

(AFRICAN EXAMINER) – The Tony Elumelu Foundation (TEF) — Africa’s leading philanthropy dedicated to empowering African entrepreneurs — will begin accepting applications for the 2020 cohort of the TEF Entrepreneurship Programme, on January 1, 2020. Applications are made through TEFConnect, the digital networking hub for the African entrepreneurship ecosystem, created by the Foundation. The TEF […]

Twitter Moves to Purge Out Dormant Accounts

(AFRICAN EXAMINER) – Twitter is set to begin massive purging of accounts that have been inactive for over six months. The social media platform said the affected accounts will be spared, provided the owners log in before Wednesday, December 11 deadlines. The ‘’cull’’ Twitter disclosed will include users who have stopped posting to the site because […]

Senate Passes 7.5 Percent VAT Bill

(AFRICAN EXAMINER) – The Senate has passed the Finance Bills seeking to amend taxes payable in Nigeria, including the Value Added Tax (VAT). From the outset, five per cent is legalized and paid as VAT on certain products, including pharmaceutical products, among others. The bill which was passed Thursday specifically seeks an increment of the value-added […]

UBA Group Gets Double Honours; Wins CEO, 2019 Bank Of The Year

Photo:  Executive Director, United Bank for Africa (UBA) Plc, Mr. Ayoku Liadi, representing GMD/CEO, UBA Plc, Mr. Kennedy Uzoka, receiving awards of ‘Banker of the Year’ won by Uzoka and the ‘Bank of the Year’ won by UBA Plc from Chairman and Guest Speaker, Professor Anya O, Anya and Chairman, Public Policy Forum, Professor, George […]

“Dana Air Flew 2.7 Million Passengers In 11 Years”

(AFRICAN EXAMINER) – Dana Air, on Tuesday, said it had flown 2.7 million passengers in its 11 years of operation in Nigeria. The airline’s Chief Operating Officer, Mr Obi Mbanuzuo, made the disclosure in a statement issued in Lagos to commemorate the 11th anniversary of the airline. Mbanuzuo said that the airline celebrated the anniversary […]

Fidelity Bank Celebrates 2019 Compliances And Ethics Week

(AFRICAN EXAMINER) – As part of sustained efforts to promote ethical values and professionalism within the bank, Fidelity Bank Plc, weekend disclosed plans to participate in this year edition of the Corporate Compliance and Ethics Week. Commencing on November 3 and running up until Friday, November 08, the bank has organised series engagement initiatives that […]

Transcorp Records N6.7bn Profit After Tax In Q3; Maintains A Positive Revenue Outlook

(AFRICAN EXAMINER) – Transnational Corporation of Nigeria Plc (“Transcorp”) today announced its financial results for the third quarter ended 30 September 2019. Highlights of the result show the Group recorded a Gross revenue of N58.28bn and posted a Profit Before Tax (PBT) of N7.36bn for the period under review. Total Assets increased from N297.14bn as of […]

Zenith Bank Reaffirms Market Dominance With Impressive  Q3 2019 Results

(AFRICAN EXAMINER) –  Zenith Bank Plc has announced its unaudited results for the period ended 30 September, 2019, with numbers that clearly demonstrates its market dominance and leadership. From the unaudited account which was presented to the Nigerian Stock Exchange (NSE), gross earnings increased by 4% percent from N474,607 billion recorded in Q3 2018 to N491,268 […]

German Court Bans Uber’s Main Service

(AFRICAN EXAMINER) – The internet-based transport company Uber may no longer use its app to connect customers with rental car drivers in Germany, according to a court order. The service UberX violates the passenger transport law, the regional court of Cologne ruled after a Cologne taxi operator had sued the company, demanding an injunction be […]

Q3 2019: UBA Grows Net Profit By 32.3%, As Gross Earnings Hit N428.22 Billion

(AFRICAN EXAMINER) – United Bank for Africa Plc, the pan African financial institution with a network that spans 20 African countries, the United Kingdom, the USA and with presence in Paris, has announced impressive performance in its unaudited 2019 Third Quarter Financial Results, with significant growth in Gross Earnings, which rose to N428.22 billion, representing […]

Access Bank’s W Initiative Announces Plans for Health Month

Photo caption: L-R: Njideka Esomeju, Regional Sales Director, Lagos 1, Access bank Plc; Aituaje Iruobe (aka Waje ) Music Artist; Ayona Trimnell, Coordinator,  ‘W’ Initiative, Access Bank Plc; and Ada Udechukwu, Head, Women Banking, Access Bank PLC …Targets 2 Million Women, Families (AFRICAN EXAMINER) – The W Initiative, a flagship women empowerment programme from Access Bank […]

Nigeria’s Debts Hit N25.7trn, Says DMO

(AFRICAN EXAMINER) – The Debt Management Office (DMO), says as at June 30, Nigeria owes N25.7 trillion in debt both domestically and externally. The DMO said this in its ‘Total Public Debt Portfolio’ obtained from its website on Wednesday in Abuja. The present figure shows an increase in debt stock of N1.32 trillion. The DMO […]

CBN Farmers’ Anchor Borrowers Programme: NISRAL Leaps to New Heights, Creates 1.2m Indirect Jobs

Photo: CBN Governor, Godwin Emefiele (AFRICAN EXAMINER) – The Nigeria Incentive-Based Risk-Sharing System for Agricultural Lending (NIRSAL) has recorded some giant strides in creating more than 1.25 million indirect jobs in the nation’s agribusiness. Also, 250,000 direct jobs for farmers have been created through the NIRSAL window of the Central Bank of Nigeria’s Anchor Borrowers’ […]

Transcorp Hotels Fulfill Post-Privatisation Obligations

(AFRICAN EXAMINER) – The National Council on Privatisation (NCP) has presented Transcorp Hotels Plc with a Certificate of Discharge, indicating the company has fulfilled all privatisation conditions attached to the sale of the hotel and will no longer be subject to any post-privatisation monitoring. At a ceremony that took place at the Presidential Villa, the Vice […]

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