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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
… 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 […]
