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Etisalat Nigeria Says Brand, Name Change Will Not Affect Its Services

BALTIMORE, MD (AFRICAN EXAMINER) – Operator of Etisalat Nigeria – Emerging Markets Telecommunication Services Ltd (EMTS) Tuesday declared that the operations of the fourth Nigerian GSM provider will not be affected despite the expected change of brand. Etisalat International Monday finally announced its withdrawal Monday but gave its Nigerian arm the next three weeks for […]

FirstBank Appoints Abdullahi Ibrahim as Executive Director

Photo caption: Mr. Abdullahi Ibrahim (AFRICAN EXAMINER) – First Bank of Nigeria Limited, Nigeria’s most valuable banking brand and foremost financial institution, today announced the appointment of Mr. Abdullahi Ibrahim as an Executive Director. Prior to this appointment, Abdullahi was the Bank’s Group Executive, Retail Banking North. Mr. Ibrahim’s appointment is in sync with FirstBank’s strong […]

UBA Takes its Read Africa Initiative to Ghana

The UBA Foundation, the Corporate Social Responsibility arm of the United Bank for Africa (UBA) Plc, continued on its quest to educate and empower African youths as it visited the Accra High School in Ghana. UBA Foundation’s Read Africa Initiative was launched in 2011 and has been changing the lives of African students across the […]

Guinness Nigeria Receives SEC, NSE Approvals to float N39.7bn issue

(AFRICAN EXAMINER) – Guinness Nigeria Plc has received the Securities and Exchange Commission (SEC) and the Nigerian Stock Exchange (NSE)’s approvals to float a rights issue of N39.70 billion. The company said in a statement on  in Lagos that it had received clearance of the issue documents from both regulators to list the new shares […]

Troubled Etisalat Nigeria Constitutes New Board

By Niyi Adeyi   One of the GSM service providers, Etisalat Nigeria has confirmed ongoing restructuring within the organization as well as existence of the new board. In a statement issued by the multinational Tuesday, the new board Chairman is Dr. Joseph Nnanna, while Messrs Oluseyi Bickersteth; Ken Igbokwe; Boye Olusanya and Mrs Funke Ighodaro […]

Elumelu Hails  Afreximbank, Urges Other DFIs to Support African Businesses

(AFRICAN EXAMINER) – At the 24th Annual General Meeting of the African Export-Import Bank (Afrexim), held in Rwanda, Tony O. Elumelu, CON, Chairman of Heirs Holdings and the Tony Elumelu Foundation, congratulated Afrexim for the critical support that the Bank, led by President Oramah, provides for African businesses and its significant contribution to the development […]

Labour Hails Dangote on Investment Drive, Employment, Youth Empowerment

(AFRICAN EXAMINER) – Following his fresh investments in automobile and agriculture, the organized labour in the country has commended Alhaji Aliko Dangote, President and the Chief Executive of Dangote Group for promoting investments and creating thousands of direct and indirect youth employments across the country and in Africa. The labour said Dangote’s patriotism remains unparalleled […]

Ex-Skye Bank Manager Jailed  for One Year over N200m Fraud

(AFRICAN EXAMINER) – The Economic and Financial Crimes Commission, EFCC has secured the conviction of Tajudeen Yusuf, a former branch manager of Skye Bank, Jos, before Justice Ambrose Alagwa of Federal High Court 1, Jos. The convict who was prosecuted on a 5-count charge, following a complaint by his employers, allegedly defrauded Alhaji Usman Tetengi, […]

New Owner to Rename Trump Hotel in Toronto

The new owner of the Trump Hotel and Tower in Toronto has reached an agreement to remove the US president’s name from the property. JCF Capital ULC announced on Tuesday a deal with Trump Hotels to buy out its management contracts for the hotel. The amount of the deal was not disclosed. There is no […]

EU Slams $2.7bn Fine on Google Over Alleged Fraudulent Practices

BALTIMORE, MD (AFRICAN EXAMINER) – US Internet search engine – Google has been slammed with the fine $2.7bn by the European Commission EU over alleged abuse of its power. Specifically, EU is accusing Google of promoting its own shopping comparison service at the top of search results. The fine came amidst complaints by many firms […]

Nigeria Loses More than 140 Billion Weekly to Apapa Gridlock -Dangote

President of Dangote Group, Aliko Dangote has lauded the decision of the Federal Government to reconstruct the failed Apapa Wharf road as its grim state serves as both an embarrassment to the country and a huge financial loss to the government on a weekly basis. Dangote who spoke on Tuesday said “The economy loses more […]

N2.5 Trillion Debts: AMCON Says Judiciary Frustrating Recovery Efforts

Photo caption: Managing Director/Chief Executive Officer (CEO) of AMCON, Mr. Ahmed Kuru From  Ignatius Okpara, Enugu (AFRICAN EXAMINER) – The Asset Management Corporation of Nigeria (AMCON), has accused the nation’s judiciary of constituting a stumbling block in its efforts towards recovering a whopping sum of 2.5 trillion being owed the federal government  by about 350 persons […]

UBA Emerges Financial Brand of the Decade

(AFRICAN EXAMINER) – Pan African banking and financial services group, United Bank for Africa (UBA) Plc has added yet another laurel to its cap as it emerged the Financial Brand of the Decade at the Marketing Edge Awards which was held over the weekend. The award in recognition of UBA’s innovative and pacesetting role, is […]

Dangote, Govt, Flour Mills Sign MOU on Repair of Apapa Wharf Road

(AFRICAN EXAMINER) – Succor will soon come to users of Apapa Wharf road as Federal government handed over the troubled road to Dangote Industries Limited and Flour Mills of Nigeria (FMN) for immediate reconstruction with concrete overlay. After the nation and port users have lost several billions of Naira on the dilapidated road, thenFederal government […]

SunTrust Banks Denies Withholding NASS Members’ Salaries

(AFRICAN EXAMINER) – SunTrust Bank has debunked the claim that the bank failed to pay some staff of the National Assembly who protested non-payment of their salaries on Tuesday. It would be recalled that the protest by legislative aides was triggered by the death of Hassan Abiodun, an aide to the Deputy Speaker, Yusuf Suleiman […]

Arla Foods Restates Commitment to Safe, Affordable food

…Launches Arla Foods Global Innovation Centre DigitalPR-Wire – Leading global dairy company, Arla Foods has restated its commitment to addressing the growing need of people around the world, including Nigerians, for nutritious, tasty, safe and affordable food products. The company also pledged to continuously participate in finding solutions for the global challenges related to obesity, […]

UBA Debut $500m Eurobond Oversubscribed 240% by Global Investors

…Further Validation Of UBA’s PAN-African Growth Strategy (AFRICAN EXAMINER) – United Bank for Africa Plc (UBA) successfully raised USD500 million, though a debut Eurobond, which was 240% over-subscribed. The significant investor demand reflects the strong global investor appetite for UBA’s credit and support for the Group’s pan-African financial services strategy. The Global Offering is a […]

Heirs Holdings Appoints Director of Marketing and Corporate Communications

Photo caption: Pelumi Fadairo, Director of Marketing and Corporate Communications, Heirs Holdings AFRICAN EXAMINER – Heirs Holdings today announced the appointment of Pelumi Fadairo as Director of Marketing and Corporate Communications.  Fadairo will be responsible for driving the Group’s strategic marketing objectives and co-ordinating brand management of its rapidly growing portfolio of pan-African investments in the power, […]

Lufthansa Nigeria Unveils Direct Payment Option at Check-in Counter

AFRICAN EXAMINER — Lufthansa Airlines has introduced direct payment option at check-in counters and gates in Nigeria with card terminals effective from June. A statement by Lufthansa’s spokesperson, Hakeem Jimo, on Sunday, said that customers would be able to pay with Amadeus Airport Pay for ancillary services while checking in Lufthansa. Jimo said the new […]

Bridge Concept Leverage UBA Digital Banking Platforms, Introduces Naija Green Card  

Photo caption: L-R: Founder Naija Green Card, Abimbola Daramola  and Head Digital & Consumer Banking, United Bank for Africa (UBA) Group, Mr.  Yinka Adedeji, during the official launch of the Naija Green Card Prepaid Card at the UBA house, Lagos (AFRICAN EXAMINER) – In line with its business objective of enabling young Nigerians and students to […]

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