(AFRICAN EXAMINER) – As a sigh of absolute confidence in the Management of the technology-driven new bank; SunTrust Bank, its customers increased deposits in the bank by a whopping 432 per cent, making it possible for the bank to declare an impressive profit before tax of N343 million, an increase of 160.3 per cent over […]
(AFRICAN EXAMINER) – As part of efforts aimed at boosting exports in Nigeria, Fidelity Bank has been in the vanguard of providing capacity building initiatives for customers and the business community across the country. To this end the bank in collaboration with the Nigerian Export Promotion Council (NEPC) and Ghanaian based West African Trade and […]
(AFRICAN EXAMINER) – The Federal Ministry of Finance on has announced details of members of the board and management of the newly licensed Development Bank of Nigeria (DBN). The Management team is led by Mr. Tony Okpanachi, a banker and erstwhile Deputy Managing Director/Deputy CEO, Ecobank Nigeria Limited. Before his appointment as Managing Director/ CEO […]
(AFRICAN EXAMINER) – The Central bank of Nigeria has approved the grant of a Wholesale Development Finance Institution Licence with national authorization to the Development Bank of Nigeria (DBN) Plc, the Minister of Finance, Mrs. Kemi Adeosun has confirmed. The approval was conveyed in a letter addressed to the Managing Director/Chief Executive of Officer of […]
(AFRICAN EXAMINER) – United Bank for Africa (UBA) Plc, the pan-African financial services group, operating in 19 African countries, has released its audited 2016 full year results, showing significant growth in gross earnings and profits, an attestation to its resilience, enhanced productivity and geographic diversification, evident in the impressive contribution from its African subsidiaries. The […]
BALTIMORE, MD (AFRICAN EXAMINER) – In another move to make Naira appreciates further against Dollar, the Central Bank of Nigeria (CBN) has introduced N360/ Dollar as the new Forex rate for various invisibles. CBN assured Monday that the new rate would be available to Nigerians who wish to buy in all commercial banks across the […]
Picture caption: Group Managing Director (GMD), Nigeria National Petroleum Corporation (NNPC), Dr. Maikanti Baru (AFRICAN EXAMINER) – The Nigerian National Petroleum Corporation, NNPC has commended Taleveras, one of Nigeria’s oil companies for its cooperative attitude in the ongoing reconciliation of transactions in the defunct crude for products arrangement. Group Managing Director (GMD), Nigeria National Petroleum Corporation […]
BALTIMORE, MD (AFRICAN EXAMINER) – Allianz has received the Africa CEO Forum ‘International Corporation of the Year’ award. Speaking at the 5th annual event, which held in Geneva, Allianz Regional CEO Africa, Coenraad Vrolijk, said: “We are so honored that Allianz’ commitment to Africa has been recognized with this award,” noting that Allianz has been […]
Picture Caption: Chairman of the Zenith Bank Plc, Jim Ovia (AFRICAN EXAMINER) – Shareholders of Zenith Bank Plc on Wednesday approved final dividend of N55.573 billion for the year ended December 31, 2016, bringing the total payout to N63.422 billion. The dividend, which translates to N1.77 per share, was paid out of N129.65 billion recorded […]
LAGOS, NIGERIA (AFRICAN EXAMINER) – Aviation Union Workers under different aegis Thursday staged a protest march to the Lagos office of Arik Air. The unions involved in the protest were National Union of Air Transport Employees (NUATE), Air Transport Services Senior Staff Association of Nigeria (ATSSSAN) and the National Association of Aircraft Pilots and Engineers […]
Picture Caption: Tony Elumelu, Chairman of Heirs Holdings, United Bank for Africa, Transcorp and founder of The Tony Elumelu Foundation TEF ANNOUNCEMENT IS IN LINE WITH US$100M COMMITMENT MADE IN 2015 TO EMPOWER 10,000 AFRICAN ENTREPRENEURS OVER THE NEXT 10 YEARS LAGOS (AFRICAN EXAMINER) — The Tony Elumelu Foundation (TEF), an African founded and funded 21st century […]
BALTIMORE, MD (AFRICAN EXAMINER) – The G20 Finance Ministers have dropped an anti-protectionist commitment due to opposition from the US. In spite of the resolution, the world strongest economy Ministers left the two-day meeting without renewing their long-standing pledge to bolster free trade. It would be recalled that the group last year vowed to “resist […]
Shareholders Laud Transcorp Hotels’ performance, Approve dividend payment ABUJA, NIGERIA (AFRICAN EXAMINER) – Transcorp Hotels Plc has announced a profit after tax of N4b at its 3rd Annual General Meeting which took place at Transcorp Hilton Abuja. At the meeting, the Shareholders of Transcorp Hotels Plc commended the management and staff of the Company for […]
(AFRICAN EXAMINER) – Tony Elumelu visited Ghana as the first stop of his UBA tour of Africa, propagating the ideal of Africapitalism. In continuation of his strategic vision of engineering a robust economic and business relationship across the continent through Africapitalism as a necessary tool for the socio economic development of Africa, the Group Chairman […]
(AFRICAN EXAMINER) – Aero Contractors Airline, which is under the management of the Asset Management Corporation of Nigeria (AMCON), has sacked about 900 workers representing 60 per cent. Letters of redundancy were issued to the affected employees during the week. Media Consultant to the 58 year-old airline, Mr Simon Tumba, who confirmed the development in […]
(AFRICAN EXAMINER) – Lagos, March 16, 2017 – Dr. Adesola Adeduntan, the Managing Director/CEO of First Bank of Nigeria Limited & Subsidiaries, has been named Banker of the Year in the Leadership Persons of the year award, 2016. The awards recognise and celebrate the significant performance of individuals, corporate, private and public organisations across sectors, […]
(AFRICAN EXAMINER) – As part of its commitment to support agriculture businesses across the value chain and to play its enabling role in the nation’s drive for economic diversification through agriculture, First Bank of Nigeria Limited, Nigeria’s Most Valuable Bank Brand, will hold an inaugural agric expo on Tuesday, March 14, 2017 in Lagos. The […]
MAROC, (AFRICAN EXAMINER) – The Allianz Group has announced its determination to double its market share in the next five years, priotize customer satisfaction and unveil a steady communication campaign. Morocco Allianz Chief Executive Officer, Dirk De Nil made the disclosure in Maroc at a press conference which heralded the official launch of the group in […]
(AFRICAN EXAMINER) – FirstBank in its bid to provide women with an amazing opportunity for financial empowerment and sustainable economic growth has partnered with the Oyo State Ministry of Women Affairs, to hold the Oyo State Summit on Women Empowerment. The event which held on February 28, 2017 was hosted by the Wife of the Oyo State Governor […]
(AFRICAN EXAMINER) – It is the role of government’s regulatory agencies to act as catalysts of beneficial change and to take responsibility for facilitating businesses in the country, according to Acting President Yemi Osinbajo “We must see ourselves as agents of some catalytic change, we must take some responsibility to make profound changes possible,” […]
