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 […]
BALTIMORE, MD. (AFRICAN EXAMINER) – Africa’s foremost cement manufacturer, Dangote Cement is set to commission its new 3.0 million metric tonnes per annum cement plant located in Mtwara District of Tanzania on October 10, 2015. The company will also hold the grounding breaking ceremony for 25 hectares of Jetty land at Mgao village in […]
Dana Air has announced its frequent flyer program: Dana Miles; which allows its guests to earn and redeem points or miles for travel across its route network. This initiative will enable Dana Miles members, access to upgrade their Dana Air tickets, gain extra baggage allowance, exchange miles for tickets, and get priority checking-in at the […]
BALTIMORE, MD (AFRICAN EXAMINER) – The Chief Operating Officer of the world’s biggest car manufacturer, Volkswagen (VW), Mr. Martin Winterkorn has resigned from his position, after the automobile giant was found guilty of manipulating the US diesel car emission test. Just last week, VW admitted that it deceived US regulators in exhaust emissions tests by […]
By Ayodele Afolabi, Abuja BALTIMORE, MD (AFRICAN EXAMINER) – A total of 18 states of the federation have so far been able to draw from the bailout fund arranged by the federal government. The Central Bank Governor (CBN), Mr. Godwin Emefiele, disclosed this on Thursday while briefing the National Economic Council (NEC). He said that […]
As the long holidays wind up, First Bank of Nigeria Limited, Nigeria’s most valuable bank brand is set to support schools and educational Institutions with their educational requirements to enhance preparations for a new school year. The Bank’s support for educational development of the child and the institution is an offshoot of the Bank’s focus […]
In line with its commitment to offer value-added products and services that suit the lifestyles of its customers, Nigeria’s most valuable bank brand, First Bank of Nigeria Limited has unveiled its integrated lifestyle mobile banking app, FirstMobile. The mobile banking app which is easy to use is another secure platform that allows customers to execute […]
FBN Holdings Plc, the leading and most diversified financial services group in Nigeria, today announced major changes to its leadership team, effective January 1 2016. Mr. Bello Maccido, pioneer Group CEO, FBN Holdings, is leaving his position to become pioneer Chairman of the newly-licenced FBN Merchant Bank Ltd, while Mr. UK Eke (MFR), currently Executive […]
By Ganiyu Nasirudeen – The Federal Inland Revenue Service (FIRS) has indicated interest to begin a special audit of companies operating in Nigeria. In a statement by FIRS Director of Communications and Servicom, Emmanuel Obeta, the agency clarified that decision to carry out the exercise was reached after a meeting between its Acting Executive Chairman, […]
Ayodele Afolabi, Abuja – The newly appointed Acting Executive Chairman, Federal Inland Revenue Service (FIRS), Mr. Babatunde Fowler, has embarked on a landmark collaboration with Audit Firms, Institute of Chartered Accountants, Tax Consultants and other professional Service providers in order to ensure increase in revenue collection. In the meeting held in Abuja recently, Fowler pointed […]
By Eric Ojo, Abuja – The Centre for Social Justice (CSJ), an indigenous non-governmental organization (NGO) has harped on the need for a robust and effective funding of the Nigerian Gas Master Plan (NGMP) in order to boost the revenue base of economy in the light of the dwindling oil prices at the international market. […]
By Tajudeen Balogun – The Central Bank of Nigeria (CBN) and International Finance Corporation (IFC), have advocated for use of the credit reporting system and a national collateral registry (NCR) to check difficulties being faced by Nigeria’s micro, small and medium enterprises (MSMEs) as well as ensuring that they access funds to develop their businesses. […]
Ayodele Afolabi, Abuja – Multichoice Nigeria Limited, a pay-media company which owns the Digital Satellite Television (DStv) brand, has indicated its unpreparedness to continue with the investigation of the activities of the brand by the Consumer Protection Council (CPC), occasioned by complaints alleging consumer rights violations. However, a statement by the Head Media and Pubic […]
Lagos Nigeria, 25th August, 2015: FBN Capital Limited has announced the successful conclusion of the Series 1 Bond Issuance offer for the Cross River State Government, under its N40 billion bond issuance program. The 7-year tenured Bonds with maturity due in 2022 were issued via a Book Building process by FBN Capital Limited, following its […]
