BALTIMORE, MD (AFRICAN EXAMINER) – The Board of Directors of Fidelity Bank has appointed Alhaji Mohammed Balarabe as the Acting Managing Director of the bank. Until his appointment, Alhaji Balarabe was the Executive Director, North. A statement issued on Monday by the bank said the appointment is with immediate effect but subject to regulatory approval. […]
Washington, DC, (AFRICAN EXAMINER) – Tony Elumelu, Chairman of Heirs Holdings, the United Bank for Africa and Founder of The Tony Elumelu Foundation has called on African governments and donors to treat the agricultural sector in Africa as a commercially viable sector with a potential to create millions of jobs and dollars in revenue. The […]
Abidjan, Côte D’Ivoire – At the 5th edition of the annual forum, CGECI Academy 2016, the Ivorian National Council of Employers, General Confederation of Enterprises of Côte d’Ivoire (CGECI) presented African businessman and investor, Tony Elumelu, with its 2016 CGECI Lifetime Achievement Award on April 21, 2016 in Abidjan, Côte d’Ivoire. The formal presentation was to […]
LAGOS, NIGERIA (AFRICAN EXAMINER) – It is the beginning of another school term with lots of preparations as students return to school after the holidays. First Bank of Nigeria Limited, Nigeria’s most valuable Bank brand is again set to support schools with their educational requirements to enhance preparations for the school year. The Bank’s support […]
His Highness, Emir Muhammadu Sanusi II, (R), Chairman, anniversary planning committee, Alh Mumuni Alao and UMA National President, Alh Akeeb Oladokun, at the event, in Eko Hotel, V/I, Lagos. Former Central Bank of Nigeria (CBN) Governor and Emir of Kano, His Highness, Muhammadu Sanusi II has called on the Nigerian Leadership to accord due consideration […]
LAGOS, NIGERIA (AFRICAN EXAMINER) – Following a 3-day Forum which was held in Lagos, Nigeria between April 6 & 8, 2016, United Bank for Africa (UBA) Plc Chairman Mr. Tony Elumelu formally inaugurated a Group Board Meeting as a platform for group integration, bonding and knowledge sharing. 90 participants comprising of the entire Board of […]
BALTIMORE, MD (AFRICAN EXAMINER) – It was an exciting evening on Saturday, April 9, 2016 as staff of pan-African financial services group, United Bank for Africa (UBA) Plc gathered at the Eko Hotel and Suites in Lagos, Nigeria, to celebrate the bank’s staff that have performed exceptionally well in the 2015 financial year. It is […]
The Federal Government (FG) has announced that about 200,000 television households in Jos, the Plateau State capital, will receive free Set-Top Boxes (STBs) for the Pilot Scheme of the Digital Switch Over (DSO) on April 30, 2016. Minister of Information and Culture, Alhaji Lai Mohammed, drpped the hint Friday when he led members of the […]
*Calls For Regional Approach To Development Lagos, Nigeria, 14 April 2016 – During a keynote address at the 1st annual Enugu Investment Summit, Chairman of Heirs Holdings and United Bank for Africa Plc (UBA) Tony O. Elumelu presented a compelling case for a sub-regional approach to economic development for Eastern Nigeria. In doing so, he […]
Consistent with its quest to build capacity amongst SME players and deepen the development of small and medium scale businesses in Nigeria, FirstBank’s Deputy Managing Director, Gbenga Shobo will play host to over 100 SME entrepreneurs across various business sectors at the maiden edition of the 2016 EDC/FirstBank SME Breakfast Series – The Economy and […]
Again, the International Monetary Fund (IMF) has reviewed its forecasts for the world economy, with Nigeria considered mostly affected. The agency’s latest World Economic outlook predicts global growth of 3.2 per cent this year and 3.5 per cent in 2017. While launching the report, IMF’s chief Economist, Maurice Obstfeld, described the pace of growth as […]
By IGNATIUS OKPARA, Enugu All is now set for the Enugu international investment summit scheduled to begin tomorrow 12th, April 2016, as Foreign and local investors have started arriving Enugu, the capital of Enugu state in their numbers. Elated Governor of the state, Ifeanyi Ugwuanyi hosted them at the Government House,during which both parties agreed […]
BALTIMORE, MD (AFRICAN EXAMINER) – On Friday April 8, during the bank’s Annual General Meeting (AGM) which was held at the Eko Atlantic Hotel, Lagos, the shareholders of UBA applauded the UBA for its strong financial performance in 2015 despite the difficult operating environment globally. They also approved the board’s recommendation to pay a final […]
Lagos, Nigeria – A distinct leader by total assets and gross earnings in the Nigerian banking industry, First Bank of Nigeria Ltd, a subsidiary of FBN Holdings Plc, is validating its leadership position yet again as it presently accounts for 45 percent of bills payment services on ATM in the nation’s banking industry as at […]
Lagos, Nigeria – Transnational Corporation of Nigeria Plc (Transcorp), Nigeria’s foremost investment conglomerate has announced its audited 2015 Financial Results. The Group posted a profit before tax of N3.3bn for the period under review. Transcorp Group Operating Profit went up by 11% from N14bn in 2014 FY to N15bn. Its posted turnover of N40.8bn and […]
BALTIMORE, MD (AFRICAN EXAMINER) – IN a strategic move to grow market share and expand customer reach more customers in the Southern part of the nation, companies under the Dangote Group are participating in the Enugu International Trade Fair which kicked off last week at the Trade Fair Complex, Golf Estate Enugu. Companies under the […]
BALTIMORE, MD (AFRICAN EXAMINER) – The Shell Petroleum Development Company of Nigeria Ltd (SPDC) Joint Venture is producing more gas from Agbada field in the Eastern Niger Delta in support of government’s aspiration of increasing domestic gas production for manufacturing and power generation. Some 10 million standard cubic feet of non-associated gas per day (MMscf/d) […]
A new money market brand, Heritage Bank, has solicited for more support from the stakeholders, as it thrives to consolidate its capital base, as well as serves its customers in line with the vision of the management of the repackaged financial institution. The Group Head, Media Relations and External Communications of the Bank, Mr. Igwe […]
*Urges states to begin process of robust revenue generation The Minister of Finance, Mrs. Kemi Adeosun has disclosed that the Federal Government of Nigeria, as a sign of its commitment to stimulate the economy, will in the next one quarter pump N350 billion into the system in form of capital spending. Explaining that the Federal […]
*As 1,000 New African Entrepreneurs Join $100M Tony Elumelu Entrepreneurship Programme Lagos, Nigeria, 22 March 2016 — The Tony Elumelu Foundation (TEF) announces the selection of 1,000 entrepreneurs for the 2nd round of the Tony Elumelu Entrepreneurship Programme (TEEP). Launched in 2015, TEEP is the largest African philanthropic initiative devoted to entrepreneurship and represents a […]
