(AFRICAN EXAMINER) – Oil prices hit $80 a barrel on Thursday for the first time since November 2014 on concerns that Iranian exports could fall due to renewed U.S. sanctions and reduce supply in an already tightening market. Brent crude futures LCOc1 reached an intraday high of $80.18 while U.S. West Texas Intermediate (WTI) crude […]
(AFRICAN EXAMINER) – Nigeria’s foremost entrepreneur, Aliko Dangote has been ranked among 75 most powerful persons on the planet, ahead of the Vice President of the United States of America, Mike Pence. According to the Forbe’s latest 2018 ranking of the World Powerful people, Dangote ranked among world leaders like Xi Jinping, the Chinese President, […]
Photo caption: Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) Dr. Maikanti Baru, (R) and Managing Director of NNPC Retail Limited, Mr. Yemi Adetunji at the NNPC Towers in Abuja on Tuesday. … Says More Stations in Pipeline (AFRICAN EXAMINER) – The Nigerian National Petroleum Corporation (NNPC) said Downstream subsidiary, the NNPC Retail Limited, […]
(AFRICAN EXAMINER) – The Central Bank of Nigeria (CBN) has captured no fewer than 31 million account customers in its Bank Verification Number (BVN) project aimed at ensuring unique identifier in the Nigerian banking industry. CBN Director, Banking and Payment System, Mr Dipo Fatokun, disclosed this in a paper titled, `Nigeria’s progress towards the creation […]
(AFRICAN EXAMINER) – Pan- African financial Institution, United Bank for Africa Plc, last thursday, ended its annual Group Chairman’s Forum, a platform for group integration, re-strategising and knowledge sharing with the overall aim of putting the bank on firm standing to actualize its goals and targets for the financial year. The theme of this year’s […]
ABUJA, NIGERIA (AFRICAN EXAMINER) – The Senate has described as illegal and called for refund of the current payments being made by the Nigerian National Petroleum Corporation NNPC for subsidy of Premium Motor Spirit PMS, otherwise called petrol. Following this, the Senate Committee on Public Accounts recommended in its report on the investigation into the […]
(AFRICAN EXAMINER) – First Bank of Nigeria Limited, Nigeria’s number one SME Bank is hosting the SMEConnect Series – a multi-pronged SME support programme developed by the Bank to chart a veritable course for SME development, emphasizing boundless opportunities for entrepreneurial business development. The programme includes open seminars to build capacity; sector-specific industry forums; […]
(L-R) Chairman, Forte Oil Plc, Mr Femi Otedola; President, Dangote Industries, Alhaji Aliko Dangote; GMD/CEO, UBA, Mr. Kennedy Uzoka; Senator Mohammed Daggash; and Chairman, UBA, Mr. Tony Elumelu, at the 2018 UBA CEO Awards at Eko Hotel, Lagos — (AFRICAN EXAMINER) – It was a fun night of glamour and electrifying excitement as Pan African […]
(AFRICAN EXAMINER) – The Central Bank of Nigeria (CBN) says it has again injected 210 million dollars into the Foreign Exchange (Forex) market in continuation of its intervention in the sector. A statement by Mr Isaac Okorafor, Acting Director, Corporate Communications Department, in Abuja on Wednesday, said the intervention was to enable market operators meet […]
Photo: L-R: Chairman, UBA, Mr. Tony Elumelu; CEO, Nigerian Stock Exchange, Mr. Oscar Onyeama and Group Managing Director/CEO, UBA, Mr. Kennedy Uzoka. (AFRICAN EXAMINER) – The Nigerian Stock Exchange on Monday migrated the ordinary shares of United Bank for Africa (UBA) Plc to its Premium Board, in what capital market analysts describe as an attestation to […]
(AFRICAN EXAMINER) -The Economic and Financial Crimes Commission EFCC has dragged an indigenous GSM service provider Globacom to a special court, over alleged fraud up to the tune of $6,786,674.61. EFCC prosecuting Counsel Mr. A.B.C. Ozioko, in the charge sheet, claimed that the telecommunication firm and another party, Israni acted contrary to Section 1(2)(3) of […]
(AFRICAN EXAMINER) – The Honourable Minister of Finance, Mrs. Kemi Adeosun, on Friday approved the reassignment of portfolios in the Securities and Exchange Commission (SEC). Ms. Mary Uduk will assume the position of Acting Director-General of the Commission. Uduk’s appointment is governed by the provisions of the Investments and Securities Act (ISA), 2007 and the […]
LAGOS, NIGERIA – Entrepreneur, and philanthropist, Tony O. Elumelu will lead a 5-day working visit to East Africa, where he will meet with national leaders of Kenya and Uganda. In his capacity as Chairman of United Bank for Africa (UBA), Mr. Elumelu will travel to Uganda (April 10) and Kenya (April 12) to meet with […]
ABUJA, NIGERIA (AFRICAN EXAMINER) – President Muhammadu Buhari has extended the compliance deadline to the Voluntary Assets and Income Declaration Scheme VAIDS till Wednesday, June 30 2018. The extension was announced in a statement issued Wednesday in Abuja by the Special Adviser on Media and Publicity to Mr. President, Femi Adesina. The statement indicated that […]
(AFRICAN EXAMINER) – The Chairman, Board of the Nigerian Communications Commission NCC, Chief Olabiyi Durojaiye is being accused of manipulating the ongoing moves to sale one of the Nigerian Telecommunication giants, 9mobile. Durojaiye’s sudden ”change of rules” is being speculated to favour a telecommunication firm – Smile Telecoms Holdings against other more qualified companies. It […]
(AFRICAN EXAMINER) – The United Bank for Africa (UBA) Plc has launched the second edition of its Campus Ambassador Programme with the induction of 30 new brand ambassadors. The UBA Campus Ambassador Programme is an initiative to identify young emerging leaders among students of tertiary institutions and give them a unique and highly rewarding learning […]
Photo: L-R: Director of Partnerships, Tony Elumelu Foundation (TEF), Mrs Ifeyinwa Ugochukwu; Member, Board of Trustees, TEF, Mr. Alex Trotter; Founder, TEF, Mr. Tony Elumelu; CEO, TEF, Parminder Vir; and Member, Board of Trustees and wife of the Founder, Dr Awele Elumelu, during the selection announcement of (TEF) 10-year, $100 million Entrepreneurship Programme, held in Lagos. […]
By Ganiyu Nasirudeen (AFRICAN EXAMINER) – The Senate has confirmed the appointments of two new Deputy Governors (DG) of the Central Bank of Nigeria CBN. The new apex Bank appoitees are: Mrs. Aisha Ahmad and Mr. Edward Adamu. Similarly, the upper Legislative Chamber approved the nomination of three out of four members of the Monetary […]
(AFRICAN EXAMINER) – Salary accounts can do more than just receive monthly pay; they have inherent wealth that can be unlocked to help you achieve dreams that make you fulfilled on your job and be on top of situations at home and at work. First Bank of Nigeria Limited creates opportunities for salary accounts holders […]
…No Increase In Excise Duty On Other Locally Excisable Products (AFRICAN EXAMINER) – President Muhammadu Buhari has approved an amendment to the excise duty rates for alcoholic beverages and tobacco with effect from Monday, 4th June, 2018. The President has also granted a grace period of 90 days (three months) to all manufacturers before the […]
