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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 […]

Dangote Praises CBN, Emefiele’s Policies over Recovery of Nigeria’s Economy from Recession

(AFRICAN EXAMINER) – President of the Dangote Group, Alhaji Aliko Dangote, has commended the policies of the Central Bank of Nigeria, saying they contributed immensely to the recovery of the country’s economy from recession. He also commended the Governor of the apex bank, Godwin Emefiele, saying his resilience to keep going despite the challenges and […]

Heirs Holdings Announces Appointment of Group Chief Executive

Lagos, Nigeria: The Board of Heirs Holdings today announced the appointment of Emmanuel Nnorom as Group Chief Executive Officer. Mr Nnorom previously served as chief executive of Heirs Holdings’ affiliate Transnational Corporation of Nigeria Plc and will join the Heirs Holdings’ Board, reporting directly to the Group Chairman, Tony Elumelu. The appointment will take effect […]

Onyia Appointed as MD/CEO of FBN Capital Asset Management Business

(AFRICAN EXAMINER) – Mr. Ike Onyia has been appointed Managing Director/CEO of FBN Capital Asset Management, a part of FBN Holdings Plc’s Merchant Banking & Asset Management Group. Mr. Onyia joins the firm with over 20 years’ experience in investment management and advisory. Prior to his appointment, he served as Managing Director of Fiducia Capital, […]

S&P Assigns ‘B/B’ Ratings, Stable Outlook on UBA

(AFRICAN EXAMINER) – International Rating Agency, Standard and Poor’s (S&P) assigned  its ‘B’ long term and ‘B’ short term global scale counterparty credit ratings to the United Bank for Africa Plc (UBA). These ratings on the pan African financial institution, United Bank for Africa (UBA) Plc, are at par with S&P ratings on the Nigerian […]

Elumelu, African Leaders Commend AFC on World Class Governance Standards

(AFRICAN EXAMINER) – Chairman, United Bank for Africa Plc,  Tony O. Elumelu, has hailed the African Finance Corporation on its various initiatives and contributions  targeted towards supporting African economies in the last few years noting that these initiatives have gone a long way in fostering growth and diversity on the continent. Elumelu , who gave […]

MTN Reacts to $8.5 Million Fine Received from Rwanda Regulatory Agency

(AFRICAN EXAMINER) – The Rwanda Utilities Regulatory Authority (RURA) has slammed a fine of US$ 8.5 million on the Telecommunication Giant, MTN over non-compliance with its directives. African Examiner gathered that  RURA directed MTN not to include MTN Rwanda in the MTN South and East Africa (SEA) IT hub based in Uganda but the company […]

NASCON new Products to Boost Revenue, Profitability

Photo caption: L-R: Director, NASCON Allied Industries Plc, Halima Dangote Executive Director Commercial, NASCON Allied Industries Plc, Fatima Dangote and the Managing Director, NASCON Allied Industries Plc, Paul Farrer at the company’s Annual General Meeting (AGM) held recently in Lagos. (AFRICAN EXAMINER) – Executive Director Commercial of NASCON Allied Industries Plc, Fatima Aliko Dangote has […]

Africa’s Policies Must Change to Prioritize Jobs, Entrepreneurship -Elumelu Cautions

Photo caption: Mr. Tony O. Elumelu, Chairman of Heirs Holdings and Founder of the Tony Elumelu Foundation (AFRICAN EXAMINER) – “Embrace legacy, you are not here forever,” Mr. Tony O. Elumelu, Chairman of Heirs Holdings, and Founder of the Tony Elumelu Foundation, urged policymakers as he represented the African private sector at the opening session […]

UBA Revolutionises Mobile Payments with *919# Magic Banking

(AFRICAN EXAMINER)  – In line with its determination to dominate Africa’s mobile banking space with the introduction of cutting edge technology-driven products and services, United Bank for Africa (UBA) Group, leading African financial institution, has introduced a full-fledged banking platform, tagged UBA Magic Banking and enabled by dialling *919# within Nigeria. The USSD code *919# […]

Nigeria Loses $850m to Gas Flaring —DPR

(AFRICAN EXAMINER) – The Department of Petroleum Resources (DPR)  said that Nigeria, the ninth largest gas producing nation in the world, lost over 850 million dollars to gas flaring in 2015. Mrs Pat Maseli, Deputy Director, Head, Upstream, DPR, gave the statistics at the just concluded 10th Annual Sub-Saharan Africa Oil and Gas Conference in […]

UBA Group Starts Strong in 2017, Grows Profits By 41%

Photo caption: Group Managing Director/CEO of the United Bank for Africa Group (UBA), Mr. Kennedy Uzoka *Its African subsidiaries wax stronger, contributing 35% of earnings Lagos, Nigeria – April 28 , 2017: The Pan African financial institution, United Bank for Africa (UBA) has released its unaudited first quarter results, showing significant growth across major income lines. […]

QI 2017: Fidelity Bank Records Double Digits Growth in Earnings, Profits

Lagos Nigeria, April 27, 2017: Top Nigerian lender, Fidelity Bank Plc recorded a solid financial performance in the first quarter of 2017, posting appreciable growth in profits and gross earnings for the period ended March 31, 2017. This is in spite of the challenging and fiercely competitive business environment. Details of the unaudited results, released […]

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