Posted by African Examiner
Business News, Latest Headlines
Tuesday, August 19th, 2014
The Federal Government has promised to establish a Wholesale Development Finance Institution (DFI), which will cater for provision of a long term funds of 15 years for the nation’s Micro, Small, and Medium Enterprises (MSMEs), industrial development and economic growth. President Goodluck Jonathan made the pledge on Tuesday while declaring open 8th Annual MSME Confrence, […]
Posted by African Examiner
African News, Aviation, Featured, Latest Headlines
Tuesday, August 19th, 2014
Some Air France flight crews are refusing to board planes bound for Nigeria, Guinea and Sierra Leone and over fears of the Ebola outbreak, the airline said Tuesday. Cabin crew scheduled to work on some flights “have not wanted to carry out their assignment”, a spokesman for the company told AFP. He refused to be drawn […]
Posted by African Examiner
Business News, Latest Headlines
Friday, August 8th, 2014
The Group Managing Director/CEO, UBA Plc Mr. Phillips Oduoza has called on financial institutions in Africa to seize the opportunity provided by the President Obama led US-Africa Business Leaders Summit and the enthusiasm about Africa, to grow capacity. According to him, much of the challenges of financing growth and development on the continent lie in […]
Posted by African Examiner
Business News, Featured, Latest Headlines
Tuesday, August 5th, 2014
To improve investments in Africa, US president Barrack Obama has announced $33 billion to boost economies in African countries. Speaking Tuesday at the ongoing US-African summit in Washington DC, President Obama said the money which bulk of it comes from private sector, is aimed at shifting ties with Africa beyond humanitarian aids. The bulk of […]
Posted by African Examiner
Business News, Latest Headlines
Monday, August 4th, 2014
Dangote Industries Limited (DIL) at the weekend signed a memorandum of understanding (MOU) with Federal Ministry of Agriculture and Rural Development (FMARD) to invest $1 Billion (N165 billion) for the establishment of fully integrated rice production and processing operations across Nigeria. President Goodluck Ebele Jonathan presided over the signing of the MOU. The signing of […]
Posted by African Examiner
Business News
Thursday, July 31st, 2014
Ecobank, Thursday declared a half-year profit after tax of N31.62 billion at the Nigerian Stock Exchange (NSE). This is up 16 percent from the N27.52 billion posted same period last year. Gross earnings rose to N225.261 billion compared to the N199.170 billion the pan-African lender posted in June last year. But when compared to its […]
Posted by African Examiner
Business News
Thursday, July 31st, 2014
Cadbury Nigeria plc, has recorded a 50 percent profit drop in half year 2014 The company’s revenue fell 12 percent from N17.43 billion to N15.25 billion in the same period of the corresponding year (HY) 2013. Profit before tax (PBT) reduced 50 percent to N1.79 billion in HY 2014, as against N3.58 billion as of […]
Posted by African Examiner
Business News, Latest Headlines
Thursday, July 31st, 2014
The Lagos State Internal Revenue Service (LIRS) on Thursday said it generated more than N120 billion from taxation between January and June this year. Mr Tunde Fowler, the Executive Chairman of the agency stated that 90 per cent of the taxes were generated from the organised private sector and civil servants. Fowler said that the […]
Posted by African Examiner
Business News, Latest Headlines
Friday, July 25th, 2014
United Bank for Africa (UBA) Plc has announced the introduction of a new product “U-Advance Card,” a payment card that allows workers who operate a salary account with UBA to get a credit advance ahead of payday. “The U-Advance Card is an internationally accepted card payment solution designed to address the salary account holders’ need […]
Posted by African Examiner
Business News, Latest Headlines, World News
Thursday, July 24th, 2014
President Goodluck Jonathan has called for a stronger and more cooperative partnership between Nigeria and members of the Organization of Petroleum Exporting Countries (OPEC). The President made the call Thursday while speaking with the new ambassadors of Qatar and the United Arab Emirates (UAE), Messrs Mahmud Mohammed Mahmud Al-Mahumud and Abdul Aziz Bin Mubarak Seed […]
Posted by African Examiner
Business News, Featured, Latest Headlines
Tuesday, July 22nd, 2014
With a PayPal account tied to their Firstonline account, Firstbank customers can pay on millions of websites without sharing their credit card details. Accessibility, convenience, security, trust and cost effectiveness are key defining features of the partnership between First Bank of Nigeria Limited (FirstBank) and Pay Pal. This partnership was announced on Monday by the two […]
Posted by African Examiner
Business News, Featured, Latest Headlines
Monday, July 21st, 2014
Africa’s richest person and the continent’s top donor Aliko Dangote has announced that he is upping his philanthropic works across Africa, starting from his home country Nigeria, a statement from the Group said. The Group which has made whooping donations across Africa said, “Africans must begin to take responsibilities by shaping the condition of its […]
Posted by African Examiner
Business News, Featured, Latest Headlines
Friday, July 11th, 2014
Nigerians traveling by air within and outside the country are currently having nasty experience as the airline operators are battling with shortage supply of Jet – A1 – aircraft fuel. The development which started Monday lingered till Thursday. African Examiner Correspondent in Abuja observed that the development caused instability in the flight schedules, congestion in […]
Posted by African Examiner
Business News, Latest Headlines
Thursday, July 3rd, 2014
By Eric Ojo The Nigerian government is set to kick-start a new financing scheme that will go a long way in helping Nigerians in buy brand new vehicles with less difficulty in terms of affordability. The new scheme, which will commence in the next four months, will make it possible for Nigerians to buy new […]
Posted by African Examiner
Business News, Featured, Latest Headlines
Thursday, July 3rd, 2014
From Oyewale Oyelola The Nigerian Communications Commission (NCC) has attributed poor services by telecommunication service providers in Nigeria to multiple taxation. NCC Public Affairs Director, Tony Ojobo made this assertion on Thursday while speaking to Journalists in Abuja. According to him, “Many telecom base stations were shut down for tax related issues by government agencies. […]
Posted by African Examiner
Business News, Latest Headlines
Thursday, July 3rd, 2014
-Urges SON Compel Manufacturers To Retool Their Plant The House of Representatives has upheld the use of 42.5mpa grade cement for standard construction works in the country, saying it was more durable and less susceptible to misapplication. The House, which adopted the report of the Hon. Yakubu Dogara (APC, Bauchi)-led committee which investigated the incidence […]
Posted by African Examiner
Business News, Latest Headlines, News
Monday, June 23rd, 2014
The Nigeria Sovereign Investment Authority (NSIA) has announced profit of N1.2bn from its investment on the Sovereign Wealth Fund (SWF) in the first quarter of the year. This is against N525m realized in the 15 month period, ended December 31, last year In what was considered a justification for creating wealth fund by the Federal […]
Posted by African Examiner
Banking & Finance, Latest Headlines, News
Thursday, June 19th, 2014
In its drive to ensure due compliance to the new guidelines regulating international money transfers, the Central Bank of Nigeria (CBN) has directed all international money transfers to be carried out in naira. The directive was contained a in 19-page document posted on the central bank website on Wednesday. The apex bank urged money transfer […]
Posted by African Examiner
Banking & Finance, Latest Headlines, News
Wednesday, June 18th, 2014
The Bankers’ Committee has stated that it might be difficult for the Central Bank of Nigeria to achieve lower interest rates for the country owing to the current macroeconomic environment. The committee stated this at end 316th meeting of Bankers’ committee held at the headquarters of the CBN in Abuja on Tuesday. The committee noted […]
Posted by African Examiner
Energy, Featured, Latest Headlines, News
Tuesday, June 17th, 2014
Delegates at the ongoing National Conference in Abuja have recommended to President Goodluck Jonathan to declare a state of emergency in the power sector. The recommendation was made while adopting the report of the conference committee on Energy. The conference similraly recommended that Federal Government should not leave power and energy to private sectors as […]
