Partners Eventful to Host Food and Beverage Fair – FIESTA OF FLAVOURS 4th – 6th December at Harbour Point VI, Lagos In keeping with our ‘You First’ promise to Nigeria, FirstBank is supporting the entirety of the agriculture value chain, from food production to transportation, retailing and consumption. Food is the new oil, providing jobs, […]
Ayodele Afolabi, Abuja BALTIMORE, MD (AFRICAN EXAMINER) – The Consumer Protection Council (CPC) and 13 other Federal Government institutions have been identified and honoured as the most outstanding institutions in Nigeria for the 2014/2015 fiscal year. Other institutions honoured with the CPC at the Award Dinner held on Monday in Abuja are the Central Bank […]
A subsidiary of Dangote Group, Dangote Cement Company Plc has dispelled the petition against it, to the London Stock Exchange, over alleged “destabilizing acts” by the Okpella Community of Edo State, South South Nigeria. The Company in a rebuttal, a copy of which was made available to AFRICAN EXAMINER said contrary to the petition which […]
The Central Bank of Nigeria (CBN) has dispelled an online media report (not AFRICAN EXAMINER) purporting that nine Nigerian Banks, including Skye Bank are distressed. The CBN’s Director of Communications, Ibrahim Mu’azu in a statement, dismissed the report that the Bank and eight others were found to be suffering from liquidity stress, after a CBN […]
It was a Friday evening at the international wing of the Murtala Mohammed International Airport (MMIA) and 20 lucky customers of United Bank for Africa (UBA) Plc were eagerly waiting for their flight. These were the people who received their Western Union and MoneyGram transfer at UBA during the UBA Remittance Awoof Promo. Their destination […]
By Tajudeen Balogun Small and Medium enterprises (SMEs) have been certified as the alternative “engine room” for the Nigerian socio and economic development and transformation. This assertion was made by a Management Consultant and Marketing Research Solutions Expert, Dr. Jubril Salaudeen, while delivering a paper at the just concluded two day bi-annual National Convention of […]
By Ayo Balogun, Lagos BALTIMORE, MD (AFRICAN EXAMINER) – The Nigerian Communications Commission (NCC) says it has extended to Friday the deadline given to MTN to pay a N1.04 Trillion fine slammed on the company following its failure to deactivate 5.2 million unregistered SIM cards on its network. Mr. Tony Ojobo, NCC’s Director of Public […]
In a bid to compensate and enrich its teeming customers across the country, Dangote Cement will from today, Monday November 16, 2015 commence its biggest promo that will benefit 3, 783 customers. The Dangote Mega Million Dash (#DMMD) promo, which will be activated across the country will run for three months, with total benefits of […]
BALTIMORE, MD (AFRICAN EXAMINER) – The Central Bank of Nigeria has imposed a N4 billion fine on Skye Bank Plc for failing to render appropriate returns on accounts of some government institutions and agencies. This is contained in a statement by Skye Bank to the Nigerian Stock Exchange. The bank said the fine imposed by […]
The Central Bank of Nigeria on Tuesday faulted the regulatory decisions taken by the Financial Reporting Council of Nigeria against Stanbic IBTC Holdings Plc. The position of the CBN was contained in a letter written to the FRC dated November 2 and signed by the governor of the bank, Mr. Godwin Emefiele. The letter, with […]
Ayodele Afolabi, Abuja BALTIMORE, MD (AFRICAN EXAMINER) – The Consumer Protection Council, CPC, has issued a seven-day ultimatum to Volkswagen Nigeria to provide information on the status of its vehicles in relation to the emissions cheating software, which has reportedly affected 11 million cars worldwide. CPC, in a letter to the automaker dated October 26, […]
By Eric Ojo Export Development Canada (EDC), the Canadian official trade finance agency has expressed its commitment to making Nigeria the hub of its multi-sectoral long term investment plan in sub-Sahara Africa. EDC is Canada’s export credit agency, providing financial services for companies that buy from Canadian companies, or those that have Canadian supply and […]
Lagos, Nigeria— In line with a commitment to improve service delivery to clients and position the group at the forefront of the emerging merchant banking and asset management sector in Nigeria, the Investment Banking and Asset Management business of FBN Holdings Plc has announced the unveiling of a new identity for the group, FBNQuest. FBNQuest […]
Zenith Bank Plc made a profit after tax of N83.087bn in the nine months to September 30, 2015. The figure is 16.95 per cent higher than the N71bn PAT it made in the same period of 2014. The group’s financial statements for the period showed that its profit before tax rose by 19.85 per cent […]
By Eric Ojo BALTIMORE, MD (AFRICAN EXAMINER) – In a bid to further strengthen its services to customers in Zimbabwe, MoneyGram, a global provider of innovative money transfer services has sealed a collaborative deal with Econet, the leading mobile operator in the Southern African country. The partnership between both companies is aimed at enabling customers […]
Oil and Gas company, Springfield Ashburton Limited has again debunked reports circulating in the media, particularly controversial website, Sahara Reporters, linking its MD/CEO, Mr. Kevin Okyere, to corruption in Nigeria’s oil sector under former Petroleum Minister, Mrs. Deziani Alison-Madueke. In a rejoinder to the Sahara Reporters’ story which the website has deliberately not published for […]
Ayodele Afolabi, Abuja The Consumer Protection Council (CPC) has concluded arrangements for nationwide sensitization campaign and enforcement activities against smuggled poultry products in Nigeria. The Council’s Director General, Mrs. Dupe Atoki made this disclosure on Monday at a meeting with members of Poultry Association of Nigeria at the Council’s headquarters in Abuja. Mrs. Atoki said […]
BALTIMORE, MD (AFRICAN EXAMINER) – FBN Capital Limited, the Investment Banking and Asset Management subsidiary of FBN Holdings Plc, will once again host key stakeholders at the 5thedition of its Annual Investor Conference, taking place on the 27th of October 2015 at the Intercontinental Hotel in Lagos. The theme of this year’s event is“Reinventing the […]
Pan-African financial services group, United Bank for Africa (UBA) Plc, Thursday, released its 9 months unaudited financial results for 2015 showing a strong 44% rise in profit after tax to N48.6 billion and a 17% rise in gross earnings to N247.2 billion. The third quarter results also show Net Operating Income (NOI) recorded a strong […]
BALTIMORE, MD (AFRICAN EXAMINER) – The Debt Management Office (DMO) has helped to facilitate bailout for 23 states of the federation by working out an arrangement under which their domestic debts were restructured for repayment over a much longer period. Director General of DMO, Dr. Abraham Nwankwo, disclosed this on Friday while speaking at a […]
