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4th Annual Tony Elumelu Foundation Entrepreneurship Forum Holds 25th October

(AFRICAN EXAMINER) – Africa’s leading entrepreneurship-focused philanthropic organisation, the Tony Elumelu Foundation (TEF), has announced October 25, 2018, as the date for its 4th annual TEF Entrepreneurship Forum. The largest gathering of African entrepreneurs and the broader entrepreneurship ecosystem will unite over 5,000 entrepreneurs, global investors, leaders from the African public and private sectors and developmental […]

False Video: Fidelity Bank Says No Staff Ordered Attack on Customers

(AFRICAN EXAMINER) – Fidelity Bank has reacted to a video going viral on social media saying no staff of the bank ordered any violence against customers as alleged in the video. A statement issued by Mr Charles Aigbe Divisional Head, Brand and Communication, explained that “the two individuals featured in the video were suspected of […]

All Issues Against Abuja Centenary City Have Now Been Resolved –NEPZA Boss

Photo: NEPZA MD, Emmanuel Jime unveils the Abuja Centenary City master plan …As Investors Begin Work on Site (AFRICAN EXAMINER) – All political Issues and hiccups that have hampered the smooth progress of the massive Abuja Centenary city project have now been resolved, the Managing Director of the Nigeria Export Processing Zones Authority, NEPZA, Hon. Emmanuel […]

UBA’s Leo Launched on WhatsApp

Pan-African Financial Institution, United Bank for Africa (UBA) who recently clinched the Euromoney awards as the Best Digital Bank in Africa, is once again asserting itself as a pace setter, moving in leaps and bounds in unchartered territory. UBA’s chat banker, Leo has launched in pilot mode on WhatsApp and will be fully available to […]

Transcorp Hotels Half Year 2018 Profit After Tax Expands By 85%

(AFRICAN EXAMINER) – The pride and pearl of the Nigerian Hospitality Industry, Transcorp Hotels Plc. (“Transcorp Hotels”) has announced its Unaudited Financial Statements for the period ended June 30, 2018. The company showed significant growth over same period last year recording a turnover of N8.01billion, Profit Before Tax of N2.02 billion and Earning Per Share […]

Dangote Donates N300m Business School to University Of Ibadan

(AFRICAN EXAMINER) – Leading businessman and Chairman of Aliko Dangote Foundation, Alhaji Aliko Dangote has challenged the government to muster the will to provide critical infrastructure that will make the nation’s environment conducive to commerce and industry. Dangote made this appeal while delivering the third Eminent Persons Business lecture and inauguration of the Aliko Dangote […]

Q2: Dangote Cement Invests $3bn On Plants, Grinding Terminals Across Africa

….Employs 27,952 Nigerians In 2017 (AFRICAN EXAMINER) – Group Chief Executive Officer of Dangote Cement, Joe Makoju has revealed that the company has invested a whopping $3B to build manufacturing plants and import/grinding terminals across Africa.   The company’s operations, according to Makoju are in Cameroon (1.5Mta clinker grinding), Congo (1.5Mta), Ghana (1.5Mta import), Ethiopia […]

European Commission Fines Google £4.34bn Over Android

(AFRICAN EXAMINER) – The European Commission has fined Google with a record €4.34bn ($5bn; £3.9bn) over Android. The Commission alleged that the firm had used the mobile operating system to illegally “cement its dominant position in general internet search”. Consequently, the firm’s parent – Alphabet has been given 90 days timeline to change its business […]

Nigerian Govt Says Its National Airline Will Take off Before December

(AFRICAN EXAMINER) – The Nigerian government has said the proposed national airline for the country would be unveiled before the end of the year. The Minister of State for Aviation, Sen. Hadi Sirika gave the assurance while receiving the Outline Business Case Certificate of Compliance for the establishment of the airline from Mr Chidi Izuwah, […]

Elumelu Pledges N500m to Boost Entrepreneurship in Delta

(AFRICAN EXAMINER) – Tony Elumelu Foundation (TEF) Founder and Chairman of United Bank for Africa (UBA), Tony O. Elumelu has pledged N500 million to create an entrepreneurship programme exclusive to indigenes of the state. He made the commitment after presenting 50 beneficiaries of the TEF Entrepreneurship Programme to Governor Ifeanyi Okowa. He said “Your Excellency, […]

Air Peace Dismisses Prophecy Of Impending Accident as Fake

(AFRICAN EXAMINER) – Air Peace on Friday urged members of the public to ignore a recorded voice message warning them not to patronise the airline and some other air and land transport companies. The airline, in a statement signed by its General Manager, Corporate Communications, Mr Chris Iwarah described the message as fake. “We would […]

CBN Boosts Forex Market With $210 Million

(AFRICAN EXAMINER) –  Mr Isaac Okorafor, Acting Director, Corporate Communications, Central Bank of Nigeria (CBN) said the apex bank boosted the foreign exchange market with 210 million dollars to meet customers’ requests in various segments. Okoroafor said this in a statement on Wednesday in Abuja. According to him, the bank, in its desire to meet […]

Fidelity Bank Launches FlashKey, an Innovative Phone keyboards Payments Solution

Photo: Fidelity Bank CEO, Mr. Nnamdi Okonkwo (AFRICAN EXAMINER) – Fidelity Bank Plc, launched an innovative solution designed primarily to allow customers send money and pay bills using their phone keyboards without recourse to the online banking platform installed on their mobile devices. The solution known as Flashkey is a ground-breaking initiative; a first its kind […]

Nigeria’s Inflation Drops to 11.61 % in May, Says Bureau of Statistics

(AFRICAN EXAMINER) –  The National Bureau of Statistics (NBS) says the Consumer Price Index (CPI), which measures inflation for May, decreased to 11.61 per cent (year-on-year) from 13.34 per cent recorded in April. The NBS disclosed this in its CPI and inflation Report for May released on Wednesday in Abuja. According to the bureau, this […]

Dangote Emerges as Most Admired African Brand

(AFRICAN EXAMINER) – Dangote Group, from Nigeria has emerged as the most admired African brand, of African continent origin, by consumers ahead of telecommunication giant, MTN according to the South African based Brand Leadership Movement in collaboration with the Johannesburg Stock Exchange (JSE). The Dangote brand which is also the leading brand in Nigeria came […]

Panel Recovers N2.1Bn Fraudulently Stashed in Heritage Bank

…Other Properties Recovered too (AFRICAN EXAMINER) – The Special Presidential Investigation Panel (SPIP) for the Recovery of Public Property says it has recovered seven dollars million (N2.1 billion at official rate) illegally stashed in Heritage Bank. Chairman of the panel, Mr Okoi Obono-Obla, disclosed this while briefing President Muhammadu Buhari on activities of the panel. […]

Fidelity Bank collaborates with NGOs Ahead of 2018 World Sickle Cell Day

 Photo: L-R: Director, Sickle Cell Foundation of Nigeria, Ayo Otaigbe; Head, Human Resource Recruitment/ CSR & Sustainability, Fidelity Bank Plc. Chris Nnakwe; Chairperson, Coalition of Sickle cell NGOs Toyin Adesola; Product Manager, Electronic Banking, Fidelity Bank Plc. Daniel Azike during a press briefing in Lagos. (AFRICAN EXAMINER) – Fidelity Bank Plc has partnered with Coalition of Sickle […]

UBA’s LEO Launched in Cameroon, Zambia, CDI, Senegal, Congo

(AFRICAN EXAMINER) – United Bank for Africa (UBA) Plc’s flagship Chat Banking personality, Leo, is set to change the face of e-banking across Key African markets following its launch in Cameroon, Zambia, Cote D’Ivoire, Senegal and Congo. Already Leo which has been very active in Africa’s biggest market, Nigeria, has brought ease to the customers, as it has […]

Buhari Appoints New CBN Deputy Governor

(AFRICAN EXAMINER) – President Muhammadu Buhari has approved the appointment of Mr. Folashodun Adebisi Shonubi as Deputy Governor at the Central Bank of Nigeria. Mr. Folashodun Shonubi is currently the Managing Director of the Nigeria Inter-Bank Settlement System Plc (NIBSS) – the financial payments, facilitation and settlement platform – which has been instrumental to the growth […]

Stakeholders Want Minimal Govt’s Involvement In New National Carrier

(AFRICAN EXAMINER) – Aviation professionals, under the aegis of Aviation Round Table (ART), on Friday advised the Federal Government to be minimally involved in the proposed new national carrier. The group’s President, Mr Gbenga Olowo, gave the advice in a statement issued in Lagos. The News Agency of Nigeria (NAN) reports that the Federal Government […]

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