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Overview and Strategic Implementation Plan of Nigeria 2016 Budget, By Budget Minister, Udo Udoma

An address by SENATOR UDOMA UDO UDOMA, Honourable Minister of Budget and National Planning, 12TH MAY 2016  PROTOCOLS It is my pleasure to welcome you all to this presentation on the 2016 Federal Government Budget – the first full year Budget of this administration which was recently signed into law by the President. My profound appreciation […]

FirstBank Introduces Debit Card Overdraft Service

BALTIMORE, MD (AFRICAN EXAMINER) – It is Sunday, the 15th day of the month and Tunji needs some quick cash to pay his mechanic, who just fixed his car after it developed a shaft problem in the morning. He walks to the closest ATM with the mechanic trudging behind, inserts his card and beholds the […]

MTN Group Appoints Executive for Group Technology and Information Systems

Johannesburg – MTN Group on Wednesday announced the appointment of Babak Fouladi as Group Executive: Technology and Information Systems. In this role, Fouladi will lead the delivery of MTN’s network and information technology strategy across the Group. On joining MTN, he will temporarily assume responsibility for the vacant Chief Technology Officer role in MTN South […]

CBN Launches Special Investigation into Illicit Bank Transactions

By Ayo Balogun, Abuja ABUJA, NIGERIA (AFRICAN EXAMINER) –  The Central Bank of Nigeria has said it has begun investigation into questionable financial transactions in some commercial banks. A statement issued by the bank’s acting Director, Corporate Communications, Mr Isaac Okorafor, on Monday, said the apex bank is working in collaboration with law enforcement agencies […]

Lagos Rakes In N101.69 Billion In First Quarter Of 2016

BALTIMORE, MD (AFRICAN EXAMINER) – The Lagos State Government generated a total revenue of N101.69bn in the first quarter of 2016 out of which a surplus of N4.85bn was realized as against an expected N29.92bn deficit, the State’s Commissioner for Economic Planning and Budget, Mr. Akinyemi Ashade said on Monday. Speaking at the ongoing Ministerial […]

EFCC Raids Access Bank, Detains MD

BALTIMORE, MD (AFRICAN EXAMINER) – Operatives of the Economic and Financial Crimes Commission (EFCC) on Friday afternoon raided the head office of Access Bank in Victoria Island, Lagos. The anti-graft agency, which has been carrying out investigations on alleged abuse of funds under the last administration, extended its dragnet to the banking sector recently. It […]

FirstBank partners Katsina to drive discourse on sustainable development

Consistent with its thought leadership stance and commitment to drive sustainable national economic development, Nigeria’s premier bank and most valuable banking brand First Bank of Nigeria Limited, has partnered the Katsina State Government in hosting the Katsina Economic Investment Summit with the theme: “Unlocking Investment Potentials for Sustainable Development“ This summit scheduled to hold from […]

UBA to Expand Footprint to 25 African Countries

*As Elumelu reconfirms Africa network as strategic priority, pledges further capital for African growth The United Bank for Africa (UBA) Group recently held its first ever Senior Leadership Forum reflecting the strategic importance and growth potential of its pan-African business. UBA Group Chairman Mr. Tony O. Elumelu convened the Forum to review the impressive growth […]

Fidelity Bank Fires Okonkwo, Appoints Acting Managing Director

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. […]

Elumelu Urges African Governments, Donors To Treat Farmers As Entrepreneurs

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 […]

UBA Chairman, Tony Elumelu Receives CGECI Lifetime Achievement Award in Abidjan

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 […]

FirstBank Offers Exciting Educational Solutions to Schools

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 […]

Sanusi Advocates For People-Oriented Capital Projects For Sustainable Economy

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 […]

UBA Inaugurates Group Board Forum

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 […]

UBA Rewards Staff At Annual CEO Awards

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 […]

FG Hints 200,000 TV Households ‘ll Get STBs Boxes For DSO April End

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 […]

Elumelu Pledges Investment in Eastern Nigeria

*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 […]

FirstBank’s DMD Hosts SME Entrepreneurs at EDC Breakfast Session

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 […]

IMF Global Economy Downward Forecast Confirms Nigeria As Worst Victim

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 […]

All Set For Enugu Investment Summit As Governor Ugwuanyi Assures Participants Of  Safety

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 […]

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