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FG Released N336b Capital Funds to MDAs in Q1 2017

Photo: Kemi Adeosun, Nigeria’s Minister of Finance  (AFRICAN EXAMINER) – The Federal Government has, to date, released N336 billion from the 2017 Budget to Federal Ministries, Departments and Agencies for the funding of capital projects in the first quarter of 2017. The balance of N14 billion is being processed, pending resolution of some formalities within the […]

FirstBank Celebrates Corporate Responsibility and Sustainability Week: Promoting Random Acts of Kindness

(AFRICAN EXAMINER) – First Bank of Nigeria Limited has initiated a whole week of celebrating its Corporate Responsibility and Sustainability (CR&S) initiatives from September 25 – 29, 2017. The historical FirstBank CR&S week themed ‘Promoting Kindness; Putting You First’ would witness the culmination and consolidation of the Bank’s interventions in social responsibility, promoting random acts […]

UBA Delights Customers with Callback Technology

(AFRICAN EXAMINER) – It would appear that the United Bank for Africa Plc has carved a niche for itself and gone way above its peers with its deployment of Al-powered Callback Technology. The Al-Powered Callback Technology is one that enables the bank to call back customers instantly when they contact the bank for one reason […]

OPEC Extends Nigeria’s Exemption On Oil Production Cut

(AFRICAN EXAMINER) – The Joint Organization of Petroleum Exporting Countries OPEC and non-OPEC Ministerial Monitoring Committee, JMMC has extended the exemption granted Nigeria on the output cut which was imposed on member countries in January 2017. The meeting of the body which held Friday in Vienna, Austria, upheld Nigeria’s position that the exemption, which was […]

Tony Elumelu Entrepreneurs to Receive Tech Support from Microsoft

Photo: L-R – Philanthropy & CSR Lead MSFT Nigeria, Sola Amusan; Director, Group Marketing and Corporate Communications, Heirs Holdings, Pelumi Fadairo ; GM Microsoft Nigeria, Akin Banuso; CEO Tony Elumelu Foundation, Parminder Vir; Marketing and Operations Director Microsoft Nigeria, Ade Ajayi, during an MOU signing between the Tony Elumelu Foundation and Microsoft. — (AFRICAN EXAMINER) […]

Dangote Begs Public to Help Monitor Truck Drivers

Photo: Dangote cement trucks …Sets up Hotline for Incident Reports (AFRICAN EXAMINER) – The Management of Dangote Industries Limited (Dangote Group) has issued a passionate appeal to members of the public to assist in monitoring and reporting both recklessness and illegal haulage of contrabands goods by some of its truck drivers. The company has also […]

At Chatham House, Elemelu Says Negative Narrative is Africa Greatest Challenge

Photo: Chairman of Heirs Holdings, Tony Elumelu *Calls for urgent reset to attract global capital to drive job creation and reduce poverty AFRICAN EXAMINER – At a gathering of senior policymakers and developments experts hosted by UK’s leading foreign policy institute, the Chairman of Heirs Holdings, Tony Elumelu, spoke on a panel alongside United Kingdom Minister […]

FirstBank Set to Disburse N15bn to Private Schools

(AFRICAN EXAMINER) – It is the beginning of another school term and as students return to school after the long holidays, First Bank of Nigeria Limited remains committed to supporting schools with their business requirements to enhance preparations for the school year. FirstBank has developed an array of products and solutions targeted at enabling schools […]

Ebonyi Tackles Federal Government Agencies Over Unremitted Funds

From   Ignatius   Okpara, Abakaliki The governor David Nweze Umahi, led administration  in Ebonyi state, South-east Nigeria, has threatened to drag some federal government owned establishments operating in the state to court over alleged tax evasion and failure to make remittances due to the state. The state Commissioner for Finance and Economic Development, Dennis Ekumankama, gave […]

Uber Picks Expedia’s Khosrowshahi as New CEO

Photo caption: Dara-khosrowshahi (AFRICAN EXAMINER) – Uber’s board has selected Dara Khosrowshahi, the head of Expedia, to serve as its new chief executive, according to two people familiar with the decision, as the troubled Silicon Valley company looks to turn over a new leaf. The unanimous vote on Sunday came after months of infighting, leaks […]

Press Release: Your UBA Card Can Be Used On Any Site, Anywhere

Dear Esteemed Customer, In our relentless bid to continuously provide excellent services to our customers, we work hard to protect your transactions and Identity. We recently sent you correspondence indicating that your cards would be protected from certain risky sites. We have listened to  you and have heard that this is not in line with […]

FirstBank Promotes Over 3000 Staff

(AFRICAN EXAMINER) – First Bank of Nigeria Limited has promoted over 3000 of its workforce in its recent promotion exercise targeted at rewarding staff for strong performance in driving the Bank’s business. The Bank in recognition of the hard work and contributions of staff rolled out unprecedented promotions across board, moving up over 3000 staff […]

Finish your Refinery Before 2019 -FG Begs Dangote

Photo caption: L-R: Honourable Minister of State for Petroleum Resources, Dr. Ibe Kachikwu; Group Executive Director, Strategy, Capital Projects & Portfolio Development, Dangote Industries  Limited, Devakumar Edwin; and President/CE, Dangote Industries Limited, Aliko Dangote, during the Minister of State for Petroleum Resources working visit to Dangote Oil Refinery, Petrochemical and Fertilizer Projects in Lekki. (AFRICAN […]

Transcorp Posts Strong Half-Year Results, Records 134% Profit Growth

(AFRICAN EXAMINER) –  Transnational Corporation of Nigeria Plc (Transcorp), Nigeria’s foremost conglomerate, has announced financial results for its second quarter ended June 30, 2017, showing significant growth in key financial indicators. The company recorded N4.2bn as profit after tax (PAT) for the half-year ended 30th of June 2017, translating into 134 per cent growth compared […]

UBA, First Bank Say No Hidden TSA Funds Left in their Books

(AFRICAN EXAMINER) – Nigeria’s two big commercial banks, United Bank for Africa and First Bank have washed their hands clean of the controversial Treasury Single Account (TSA) funds collected on behalf of the government. In a statement signed by UBA head of Corporate Communications, Bola Atta, the bank explained that it has remitted all the […]

UBA Increases International Spend Limit on Naira Cards to $2000

(AFRICAN EXAMINER) – Pan-African financial institution, United Bank for Africa (UBA) Plc has announced an immediate upward review of the monthly international spend limit on its debit and prepaid Naira cards from $100 to $2,000. The upward review, which represents a marked increase by 1,900 per cent, allows customers to withdraw up to $2,000 per […]

FirstBank Raises Limits on International Payments with Naira Cards to $1,100

(AFRICAN EXAMINER) – First Bank of Nigeria has announced raising the limits on international transactions on Naira Cards to $1,100 monthly across ATMs, PoS, and online channels, with the daily ATM withdrawals also raised to $300. The Bank in a statement said the increase is in line with its drive to promote convenience and ease […]

Transcorp Hilton Abuja Celebrates 30 year Anniversary

(AFRICAN EXAMINER) – The award winning Transcorp Hilton Abuja hotel in Nigeria is celebrating its 30th anniversary this year, having officially opened its door to its first guest on the 21st of April, 1987. The iconic hotel, which has through the years, hosted Royalty, Presidents, Global leaders, celebrities and other dignitaries, gathered friends, partners, clients, […]

Troubled Etisalat Nigeria Changes Name to 9Mobile

BALTIMORE, MD (AFRICAN EXAMINER) – Finally, the troubled Etisalat Nigeria has been rebranded as the 9Mobile. Etisalat International last week gave its Nigerian arm three weeks to execute its final phase out process, including unveiling the new brand of the fourth Nigerian GSM services provider.    Etisalat International finally pulled out of the Nigeria due […]

Bakers Groan Over Multiple Taxation in South-East

From Ignatius  Okpara,  Enugu   (AFRICAN EXAMINER) – The South-East branch of Association of Master Bakers and Caterers of Nigeria, AMBCN, have decried the imposition of multiple taxation on its members by various  state governments in the zone, saying the situation has remained a serious cog in the wheel of the organization. It also identified […]

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