ABUJA, NIGERIA (AFRICAN EXAMINER) – Nigerian President Muhammadu Buhari said the country is in a hurry to see projects take off in the agricultural sector to enhance food security and create jobs for teeming unemployed youths. Buhari disclosed this Thursday at State’s House, Abuja, while receiving Ambassador Nasser Bourita, a Special Envoy of King Mohammed […]
*As Fitch affirms its stable on Viability Ratings (VRs) Lagos, July 13, 2016 – Nigeria’s premier financial Institution and most valuable bank brand, First Bank of Nigeria Limited, is targeting to grow its customer base by over 10 million new customers in the next three years. The expansion is in sync with the Bank’s financial […]
As part of the initiative to widen the access and improve on the availability of cement in all parts of the country, Dangote Cement Ghana has procured 1,000 brand-new-trucks to facilitate the distribution of product into all parts of Ghana. With these, the Company has commenced the process of recruitment of drivers, truck driver assistants […]
Nigeria, June 2016: A report by the global publishing firm Oxford Business Group (OBG) will examine the Central Bank of Nigeria’s monetary policy, reviewing the country’s recently-revised foreign exchange policy alongside broader efforts by the government to stimulate growth. The Report: Nigeria 2016 will include analysis of the country’s new floating foreign exchange policy, which was enacted in June by the central […]
Heritage Bank Plc has announced a profit before tax of N1.5 billion for the operating year ended 2015. This was contained in the audited financial statement announced by the bank for 2015, which represents its first full operating year since its acquisition of former Enterprise Bank Plc in October 2014. The financial statement showed that […]
BALTIMORE, MD (AFRICAN EXAMINER) – The Central Bank of Nigeria (CBN) Monday confirmed the resignation of Mr. Timothy Oguntayo as the Chief Executive Officer (CEO) of Skye Bank and his replacement with Mr. Tokunbo Abiru. The change of baton followed the dissolution by the CBN of the Bank’s Board of Directors and Management Monday. CBN […]
By Eric Ojo, Abuja The Managing Director of the International Monetary Fund (IMF), Christine Lagarde has applauded the new exchange rate policy in Nigeria which was introduced recently by the Central of Nigeria (CBN). Lagarde said the CBN’s decision to lead the country towards a direction of a more flexible exchange rate, according to her, […]
*Increase Nigeria Competitive Power With efforts being diverted towards the diversification of the nation’s ailing economy, the Federal Government has described Dangote Fertilizer and Petrochemical projects as credible industrials undertaken capable of reducing poverty through generation of foreign exchange. Vice-President, Professor Yemi Osinbajo and President of Dangote Group, Aliko Dangote said the Dangote Refinery, Petrochemicals […]
By Ayo Balogun LAGOS, NIGERIA (AFRICAN EXAMINER) – Minister of Power, Works and Housing, Mr. Babatunde Fashola has advised industrialists, directors and other employers of labour in the country not to panic or downsize their staff in the face of current power supply challenges, indicating that the Federal Government has put a roadmap in place […]
BALTIMORE, MD (AFRICAN EXAMINER) – United Bank of Africa, UBA, has refreshed its PayAttitude tag design with the introduction of a new branded tag. The new tag which reflects the brand identity of UBA replaces the former tags being issued. Customers of the bank can continue to enjoy 100% success on their POS transactions with UBA […]
ABUJA, NIGERIA (AFRICAN EXAMINER) – The Assets Management Corporation of Nigeria (AMCON) has ordered the closure of Silverbird group buildings in Lagos and Abuja. The Abuja seven-storey edifice which houses radio and Television as well as other companies was sealed following a court order obtained by the Federal Government (FG) agency. The security operatives closed […]
First Bank of Nigeria Limited, the most valuable bank brand in Nigeria, has created a value-chain of support for the interests and activities of its customers. With varying categories of products and services to support businesses across market segments, the Bank is set to ensure that its customers’ lifestyles align with their planned scripts for […]
British Airways is evaluating its routes to Nigeria, adding to aviation-industry pressure on the government as sister carrier Iberia and U.S. competitor United Airlines halt flights to the oil-based market as traffic stutters and currency controls delay access to revenue. The U.K. carrier is struggling to repatriate its share of the $575 million that Nigeria currently […]
BALTIMORE, MD (AFRICAN EXAMINER) – United Airlines will stop flying to Nigeria next month, ending the carrier’s only route to Africa because of weakness in the energy sector and difficulties in collecting money from tickets sold in that country. The daily route from Houston to Lagos had underachieved for years but was kept alive because […]
Lusaka, Zambia, May 24 – At the 51st Annual meeting of the board of governors of the African Development Bank (AfDB), African philanthropist Tony Elumelu, urged the private sector to tackle unemployment among African youths on the continent. Mr. Elumelu, the Chairman of United Bank for Africa (UBA) and pan-African investment company Heirs Holdings said during […]
BALTIMORE, MD (AFRICAN EXAMINER) – Pan African banking group, United Bank for Africa (UBA) Plc has partnered Konga, Nigeria’s leading e-commerce company and Innovectives Nigeria Limited to create a seamless delivery and payment system by integrating mobile point of sale solution into Konga’s delivery system. Mobile POS (mPOS) which is powered by UBA PLC and MasterCard […]
By Eric Ojo, Abuja The Federal Government has reassured stakeholders and key players in the manufacturing sector of the Nigerian economy of its commitment to fixing the problem of power shortage in the country. The government said the tough conditions that manufacturer’s face in Nigeria notably inadequate power is one of its top priorities, adding […]
BALTIMORE, MD (AFRICAN EXAMINER) – Multinationals operating in Nigeria have been urged to deploy the use of available Information and Communication technology (ICT) infrastructures to achieve their respective business goals. Vice President, Head of Africa Emerging Markets and Indirect Channels, Orange Business Services, Giorgio Heiman, made the call at the formal launch of the Orange […]
Small and Medium Scale Enterprises (SMEs) are considered pivotal to national development, However, to what extent do they play this role in ensuring the sustainable economic growth of the nation, especially at a time when the Nigerian government is looking to diversify its income stream. Presently, there are many SME entrepreneurs with a myriad of […]
Lagos, Nigeria, 17 May, 2016 – United Bank for Africa PLC, the leading pan Africa banking group, with operations in 19 African countries and presence in the London, Paris and New York, is pleased to announce the following executive management appointments, subject to the approval of the Central Bank of Nigeria: Ayo Liadi; Oliver Alawuba; […]
