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Tuesday, March 22nd, 2016
*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 […]
Posted by African Examiner
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Sunday, March 20th, 2016
BALTIMORE, MD (AFRICAN EXAMINER) – The Socio-Economic Rights and Accountability Project (SERAP) has sent an open letter to Mr. Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), requesting him to immediately withdraw hundreds of letters of employment issued following a seriously flawed recruitment process and to put in place a system of recruitment […]
Posted by African Examiner
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Wednesday, March 16th, 2016
By Eric Ojo, Abuja BALTIMORE, MD (AFRICAN EXAMINER) – Despite the comparatively low economic growth in the wake of falling commodity prices, slowing revenues and volatile currencies in Sub-Sahara Africa (SSA), prospects for growth in the retail and consumer businesses remain positive, a report released by PwC has said. The PwC’s report noted that in […]
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Tuesday, March 15th, 2016
BALTIMORE, MD (AFRICAN EXAMINER) – President Muhammadu Buhari has described Dangote Group, General Electric, among others as strategic investors sustaining African economy and urged them not to relent. He called on other investors in Africa to consider the strategic nature of investments made by the conglomerates and emulate them in order to enhance the value […]
Posted by African Examiner
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Monday, March 14th, 2016
BALTIMORE, MD (AFRICAN EXAMINER) – President Muhammadu Buhari, has approved the appointment of Dr. Dikko Umaru Radda, as the Director-General/Chief Executive Officer of the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN). The appointment, which takes immediate effect, is for a period of five years. Dr. Radda graduated with a Bachelor’s Degree in Agricultural […]
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Thursday, March 10th, 2016
BALTIMORE, MD (AFRICAN EXAMINER) – The Federal Government’s efforts to increase power generation capacity has received a boost as Bresson Nigeria Limited is set to add 500 megawats to the national grid by 2017. The good news was unveiled today at the State House during a courtesy call on Vice President Yemi Osibajo by a […]
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Wednesday, March 9th, 2016
Ayodele Afolabi, Abuja BALTIMORE, MD (AFRICAN EXAMINER) – The House of Representatives Committee on Telecommunications on Wednesday insisted that MTN must pay the N1. 04 trillion fine imposed by the Nigeria Communications Commission (NCC) for SIM deactivation default. It would be recalled that NCC had in October 2015 fined the telecommunication giant of N1.04 trillion […]
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Wednesday, March 9th, 2016
Ayodele Afolabi, Abuja Senate President, Bukola Saraki on Wednesday appealed to all geopolitical zones in the country to contribute equitably to the nation’s Gross Domestic Product (GDP) in order to ensure national stability. Saraki made the appeal when the Chairman of the National Executive Council of the Arewa Consultative Forum (ACF), former Inspector General of […]
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Monday, March 7th, 2016
BALTIMORE, MD (AFRICAN EXAMINER) – Nigeria’s foremost sugar refinery, Dangote Sugar Refinery has successfully obtained the Food Safety Systems (FSSC 22000) Certification). The certification which is a standard fully recognized by the Global Food Safety Initiative (GFSI) comes on the heels of other standards already obtained by the refinery which include ISO 9001:2008, ISO 22000:2005 […]
Posted by African Examiner
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Tuesday, March 1st, 2016
LAGOS, NIGERIA (AFRICAN EXAMINER) – At a meeting held at UBA House, the UBA Group Board has approved the appointment of Kennedy Uzoka as the new Group Managing Director, with effect from August 1st, 2016 and subject to the approval of the Central Bank of Nigeria. Mr Uzoka succeeds Phillips Oduoza, who retires on July […]
Posted by African Examiner
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Tuesday, March 1st, 2016
By Eric Ojo, Abuja BALTIMORE, MD (AFRICAN EXAMINER) – President of the Nigeria Society of Engineers (NSE), Engr. Otis Anyaeji has said that the privatization of the power sector of the Nigerian economy was wrongly implemented by the federal government. The NSE president noted that the way the privatization of the sector was pursued was […]
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Saturday, February 27th, 2016
By Eric Ojo, Abuja BALTIMORE, MD (AFRICAN EXAMINER) – Worried by the disturbing trends in foreign exchange market in Nigeria, a team of experts from the International Monetary Fund (IMF) has called for the removal of restrictions on foreign exchange recently introduced by the Central Bank of Nigeria (CBN) to protect country’s reserves. The IMF […]
Posted by African Examiner
Latest Headlines, Money & Capital Market, News
Wednesday, February 24th, 2016
… Recommends Commission of N7.6billion Ayodele Afolabi, Abuja The Senate Wednesday ordered termination of contract the Central Bank of Nigeria (CBN) had with Systemspecs, an e- revenue collection platform for the Treasury Single Account (TSA) operation. The upper Legislative Chamber also directed that the apex bank should remit N656.5million to Systemspecs as its own commission […]
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Business News, Energy, Latest Headlines
Sunday, February 21st, 2016
Ayodele Afolabi, Abuja ABUJA, NIGERIA (AFRICAN EXAMINER) – After an extensive investigation, the Consumer Protection Council (CPC) has said that it has substantiated allegations of violations of consumer rights by MultiChoice Nigeria Limited in the provision of its Digital Satellite Broadcast Television (DStv) service. A statement from the office of the Director General, Dupe Atoki […]
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Sunday, February 14th, 2016
*As Fed Govt Charges Him to Take Lead in Rice Revolution *To Provide 10,000 jobs for the rural populace As the Government turns attention to agriculture to ease the pressure on the economy and create jobs, President of Dangote Group at the weekend flagged off his multibillion Naira 8000 hectares of Rice Outgrowers Scheme in […]
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Tuesday, February 9th, 2016
LAGOS, NIGERIA (AFRICAN EXAMINER) – Consistent with its continued support for the sustainable development of the Small and Medium Enterprises (SMEs) sectors of the Nigerian Economy, First Bank of Nigeria Limited, a subsidiary of FBN Holdings Plc and Nigeria’s most valuable bank brand, has unveiled its new proposition to its customers with the ‘WE CAN […]
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Sunday, February 7th, 2016
…To raise production capacity by 9mmtpa BALTIMORE, MD (AFRICAN EXAMINER) – In a deft move to consolidate on its leadership in the cement sector, Dangote Cement Plc has announced the commencement of the construction of new cement plants in two communities in the country. The new plants are expected to add 9 million metric tonnes […]
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Saturday, February 6th, 2016
Ayodele Afolabi, Abuja. ABUJA, NGERIA (AFRICAN EXAMINER) – President of the Senate, Bukola Saraki has ruled out the possibility of reversing the Central Bank of Nigeria (CBN) policy excluding some imported goods and services from the list of items valid for forex in the Nigerian Foreign Exchange Market. Saraki, while responding to a request by the […]
Posted by African Examiner
Banking & Finance, Business News, Latest Headlines
Sunday, January 31st, 2016
BALTIMORE, MD (AFRICAN EXAMINER) – First Bank of Nigeria Limited has retained its number one banking brand ranking in Nigeria for the fifth consecutive year in the 2016 The Banker and Brand Finance Top 500 Banking Brands in the world. According to the 2016 Top 500 banking brands ranking published in the February edition of […]
Posted by African Examiner
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Friday, January 29th, 2016
First Bank of Nigeria Limited, Nigeria’s most valuable banking brand and foremost financial institution, today announced the appointment of Mrs. Olusola Adetoun Oworu (FCA) to its Board of Directors as an Independent Non-Executive Director, and the retirement of Alhaji Mahey Rafindadi Rasheed, OFR and Mr. Adetokunbo Abiru from the Board. Mrs Oworu’s appointment, which is […]
