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NCAA Announces Suspension Of Operations By Another Airline, The First Nation

By Niyi Adeyi LAGOS, NIGERIA (AFRICAN EXAMINER) – Barely 24 hours the management of Aero Contractors Airlines announced suspension of its scheduled services, the Nigerian Civil Aviation Authority (NCAA) has made public, similar development in another Nigerian carrier, the First Nation airline. The agency Director-General Capt. Muhtar Usman, in a statement issued in Lagos Thursday […]

Recession: Aero Contractors Commences Suspension of Services September 1

By Niyi Adeyi LAGOS, NIGERIA (AFRICAN EXAMINER) – Owing to the lingering lull in the country’s economy, the management of Aero Contractors Airline has announced its plan to suspend scheduled services from Thursday, September 1, 2016. The airline Wednesday explained that the move was part of the strategic business realignment to reposition the organization and […]

EU Orders Apple To Pay Ireland 11b Pounds In “Back Taxes”

BALTIMORE, MD (AFRICAN EXAMINER) – The European Commission (EU) has ruled that Ireland should recover up to €13bn (£11bn) from the US giant Apple in back taxes. The Commission handed down the ruling after concluding its three years investigation. It held that Irish’s tax benefits were illegal. EU held that Ireland enabled Apple to pay […]

Facebook Overhauls Site To Allow More Auto Operations

BALTIMORE, MD (AFRICAN EXAMINER) – One of the foremost social media, Facebook FB has overhauled the users’ feature on its site to make posts more automated after claims of left-wing bias. FB’s 1.7 billion users see news stories and topics picked using a mixture of AI and human input. With the modification, the company stated […]

US Nigerian Animator Second Creation Debuts

BALTIMORE, MD (AFRICAN EXAMINER) – Young Nigerian animator, Roye Okupe’s prominence is soaring as he has been featured on the popular American news site – Washington Post just as his second work arrived the country. The Computer Scientist gained the distinct media mentioning over his a comic book company, YouNeek Studios. Okupe arrived in the […]

WhatsApp Sets To Commence Sharing Of Facebook Data; Company Messages Among Users

BALTIMORE, MD (AFRICAN EXAMINER) – Trending social medium – WhatsApp has announced its readiness to begin sharing of more data with the Facebook as well as start allowing some companies to send messages to users. The development makes it the first time WhatsApp will change its privacy policy since its debut by Facebook in 2014. […]

At Kuru: Elumelu Tasks Nation’s Policy Makers on Poverty Reduction

Lagos, Nigeria, August 25, 2016 ­– Tony O. Elumelu, Chairman of Heirs Holdings and United Bank for Africa (UBA) has advocated entrepreneurship as a veritable solution to achieving poverty reduction in the country. Elumelu who is also the Founder of The Tony Elumelu Foundation delivered a paper themed: “Entrepreneurship, Corporate Social Responsibility and Africapitalism: The Role of […]

TSA Remittance: UBA Not Barred from Foreign Exchange Market

BALTIMORE, MD (AFRICAN EXAMINER) – The United Bank for Africa (UBA) has denied media reports that it has been banned by the Central Bank of Nigeria (CBN) from Foreign Exchange Market over non-remittance of NNPC/NLNG dollar deposits. A statement issued by the Head, corporate communications of the bank, Mr Charles Aigbe said UBA has completely remitted […]

Firstbank Names Patrick Iyamabo as New Chief Financial Officer

LAGOS, NIGERIA (AFRICAN EXAMINER) – First Bank of Nigeria Limited, Nigeria’s most valuable banking brand and foremost financial institution, today announced the appointment of Mr. Patrick Iyamabo as its new Chief Financial Officer (CFO). The appointment follows the elevation of the former CFO, Dr. Adesola Adeduntan to Managing Director/CEO of the Bank. Mr. Iyamabo’ s […]

Recession: CBN Reviews Forex Limits to Bureau De Change

ABUJA, NIGERIA (AFRICAN EXAMINER) – As parts of the measures to improve the country’s monetary policy, the Central Bank of Nigeria (CBN) has reviewed weekly collection of the licensed Bureau De Change to $50,000 as against former $30,000. The new policy was announced Tuesday by the CBN’s Director, Banking Supervision Department Mrs. Tokunbo Martins while addressing journalists, after […]

Buhari Appoints New NCC Chairman, Commissioners

ABUJA, NIGERIA (AFRICAN EXAMINER) – President Muhammadu Buhari has requested the Senate to confirm nominees into positions of Chairman, Executive Commissioner, and Non-Executive Commissioners of Nigerian Communications Commission (NCC). The nomination was contained in a statement issued Tuesday the president’s spokesperson, Mr. Femi Adeshina. In a letter dated August 2, 2016, sent to President of […]

Q2: Dangote Cement Earns N292Bn Revenue

Africa’s leading cement producer, Dangote Cement Plc has reported a revenue of N292 billion in the second quarter ended June 30th 2016 indicating an increase of 20 percent over N242 billion posted in the corresponding period in 2015. According to the reports filed with the Nigerian Stock Exchange (NSE), the company’s Profit for period stands at […]

MTN Nigeria Ready To List Shares On NSE 2017

By Seun Adebosin (BALTIMORE, MD AFRICAN EXAMINER) – South African Telecommunications multinational – MTN Nigeria, has indicated readiness to list its shares on the Nigerian Stock Exchange (NSE). The company’s resolve on the move was contained in a statement issued Thursday and signed by its Public Relations and Protocol Manager, Mr. Funso Aina. Aina informed […]

Expert Identifies Effects Of Globalization As Threat To Business Growth

BALTIMORE, MD (AFRICAN EXAMINER) – Although they are known with immense benefits, still, the effects of globalization, digitalization and technological disruption have been confirmed to pose serious challenges to businesses operating on the continent. The Chief Regions and Markets Officer of Allianz Global Corporate and Specialty (AGCS), Andreas Berger made the confirmation Tuesday in Sun […]

Saraki Urges NLNG To End Gas Flaring In Nigeria

Ayodele Afolabi, Abuja ABUJA, NIGERIA (AFRICAN EXAMINER) – Senate President, Bukola Saraki, has advised the management and board of the Nigeria Liquefied Natural Gas (NLNG), to work towards ending the ‎ current 20 percent of gas being flared in the country, affirming if this is achieved, the activities of the gas company would be appreciated […]

Buhari Drops Private Investors In Economic Team over Clash Of interest

ABUJA, NIGERIA (AFRICAN EXAMINER) – The Presidency declared Sunday that President Muhammadu Buahri’s administration refused to include private investors in its economic management team owing to challenge of clash of interest. According to a statement, Mr. President’s aversion to inclusion of private businessmen in his Government’s economic team is based on the antecedent – where […]

Zenith Bank, Public Companies Still Lead Efforts to Connect Africans to The Internet

BALTIMORE, MD (AFRICAN EXAMINER) – As far back as 2012 a survey of more than 10,000 Internet users in over 20 countries conducted by the Internet Society found that 83% of respondents agreed with the statement that “access to the Internet should be considered a basic human right,” so essential has the internet become to […]

Zenith Bank is Most Customer-Focused Bank – KPMG

Zenith Bank Plc has again been rated Nigeria’s most customer-focused bank by the leading Advisory and Consultancy firm, KPMG. In the 2016 edition of the annual banking industry Customer Satisfaction Survey recently released, Zenith topped other Nigerian banks in the Customer Satisfaction Index (CSI) with a total of 74.6 points to clinch the prime position […]

UBA, MasterCard Announce Pan African Partnership

…Five year deal across 19 markets focused on driving financial inclusion in Africa United Bank Africa (UBA) and MasterCard have announced a partnership which will see UBA act as the issuer for MasterCard in 18 new markets in Africa. The partnership which came into effect in the second quarter of 2016 will see UBA issue MasterCard credit, debit […]

  Access Bank Donates To UNICEF, National Development

Access Bank Group has donated N10 million to UNICEF towards reaching out to and highlighting the plight of vulnerable children, orphans and internationally displaced persons. This is part of the bank’s continued support of UNICEF along with 5th Chukker as it hosted the ‘Access Bank Polo Day’ at the Guards Polo Club, Windsor, United Kingdom over […]

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