Posted by African Examiner
Agriculture, Featured, Latest Headlines, News
Tuesday, October 8th, 2013
The African Examiner, Indigenous investors who have made fortunes in other sectors of the economy are now increasingly investing in agriculture under the new dispensation of agricultural transformation agenda. The new commercial farmers, seeing the prospects in the agricultural sector, are putting huge investments into agribusiness investments. The Minister of Agriculture and Rural Development, Dr. […]
Posted by African Examiner
African News, Business News
Monday, October 7th, 2013
Two weeks ago, some major Ghanaian newspapers and prominent radio stations reported that the First National Bank (FNB) of Nigeria has received final approval from the Bank of Ghana (BoG) to take over the assets of International Commercial Bank (ICB). Curiously, the terse statements did not mention the sale price for the ICB shares that were […]
Posted by African Examiner
Business News, Featured, News
Sunday, October 6th, 2013
Ignatius Okpara, Enugu Deputy Governor, Central Bank of Nigeria (CBN), in charge of (Financial System Stability), Dr. Kingsley Chiedu Moghalu, has said that the nation’s economic performance has been rather weak. He stated this Saturday in a lecture he delivered at the Golden Jubilee Ceremony of the pioneer Graduates of the University of Nigeria, Nsukka […]
Posted by African Examiner
Business News, Featured, News
Friday, October 4th, 2013
By Eric Ojo Remittances from Nigerians currently in the Diaspora have been estimated to increase up to $21 billion (N3.28 trillion) for the 2013 fiscal year, a World Bank report has said. Nigeria, the most populous nation in the African continent, has a strong and growing Diaspora community, especially in the United States, Europe and […]
Posted by African Examiner
Business News, News
Wednesday, October 2nd, 2013
As part of intervention initiative in the focus area of health, Dangote Foundation on October 1, 2013, laid the foundation for the construction of 1,000 bed capacityultramodern medical theatre complex and a diagnostic laboratory within Murtala Muhammad Specialist Hospital in Kano State The ultramodern medical theatre complex which has been named Mariya Sanusi Dantata would cost an estimated […]
Posted by African Examiner
Business News
Monday, September 30th, 2013
The African Examiner President of Dangote Group, Aliko Dangote has called on developing nations to lay emphasis on technical and vocational education as a tool for accelerated industrial development and growth. Speaking at the Global Education First Initiative Anniversary & Learning for All Round Table held in New York, the United States, Dangote said that developing nations need […]
Posted by African Examiner
Banking & Finance, Business News, News
Thursday, September 26th, 2013
The Group Managing Director of the United Bank for Africa (UBA) Plc, Mr. Phillips Oduoza, has been named Socially Responsible Investment (SRI) 30 “CEO of the Year” by African Investor; one of the leading investment and specialist communications firm advising governments and businesses on investments in Africa. Mr. Oduoza received the award at the Africa investor (Ai) […]
Posted by African Examiner
Business News, Featured, News
Wednesday, September 25th, 2013
The African Examiner, The Nigerian National Petroleum Corporation, NNPC has said that the massive ongoing gas pipeline projects across the country will provide a veritable platform for individual homes and estates to be linked with gas pipelines to enhance its domestic use. The Group Managing Director of the Corporation, Engr. Andrew Yakubu disclosed this during […]
Posted by African Examiner
Business News, Latest Headlines, News
Wednesday, September 25th, 2013
Nigeria’s minister of Trade and Industry Olusegun Aganga has appealed to Nigerians in diaspora not to miss out in the ongoing massive investments drive under the transformation agenda of the present administration. Aganga who spoke in New York at a lunch between President Goodluck Jonathan, members of the executive council and the Nigerian Professionals in […]
Posted by African Examiner
Business News, Featured, Latest Headlines, News
Wednesday, September 25th, 2013
The Central Bank of Nigeria (CBN) will soon introduce policies that will check excess inflow of the U.S dollar into the economy ahead of the 2015 general election. The CBN Governor, Sanusi Lamido Sanusi gave the indication today in Abuja at the end of the Monetary Policy Committee (MPC) meeting. The governor, noting that though […]
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Business News
Monday, September 23rd, 2013
The Dangote Foundation has extended its grassroots poverty alleviation scheme to Adamawa and Yobe states with the disbursement of N655 million to 65, 000 vulnerable women and youths in the two states. The disbursement which is aimed at alleviating poverty by empowering the grassroots dwellers financially would ensure 31,500 women and youths across 21 local government areas in Adamawa […]
Posted by African Examiner
Business News, Technology
Saturday, September 21st, 2013
BlackBerry Ltd warned on Friday it expects to report a huge quarterly operating loss next week and that it will cut more than a third of its global workforce, rekindling fears of the company’s demise and sending its shares into a tailspin. The company, which has struggled to claw back market share from the likes […]
Posted by African Examiner
Abuja, Business News, National News, News
Monday, September 16th, 2013
The African Examiner The Governor of Central Bank of Nigeria Malam Sanusi Lamido Sanusi, has presented the revised version of the Nigeria Payment System (NPS) Vision 2020 Strategy Document to the public. The CBN governor made the public presentation at an International Conference on Payment System in Abuja, saying the document would boost electronic payment […]
Posted by African Examiner
Brands & Marketing, Business News, Featured, Latest Headlines
Monday, September 16th, 2013
The African Examiner, The Federal Government generates N15 billion as tax from the British American Tobacco, BAT, says the tobacco company’s Managing Director, Mr. Keith Gretton. Gretton, who visited Governor Babatunde Fashola of Lagos at the State House, Ikeja, Lagos, Nigeria on Monday said BAT had been a responsible corporate citizen as it had […]
Posted by African Examiner
Business News, Lagos, News
Tuesday, September 10th, 2013
Operatives of the Inspector-General of Police monitoring team at Kam Salem, Obalende, Lagos, have launched a man-hunt for manager of the Ladipo branch Fidelity bank over an alleged N100 million fraud. However, the bank manager’s lover in whose account the fleeing suspect was alleged to have lodged some of the stolen amount had been arrested. […]
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Business News, News
Tuesday, September 10th, 2013
The Managing Director and Chief Executive Officer of Heritage Bank Plc, Mr. Ifie Sekibo said the bank has concluded arrangement to pay back 100 percent of customers’ deposit that were trapped in the defunct Societe Generale Bank of Nigeria, (SGBN) if owners can show prove that they have such deposits in the bank. He also […]
Posted by African Examiner
Agriculture, Banking & Finance, Business News, Press Releases
Tuesday, September 10th, 2013
Lagos, Nigeria; 06/09/2013: The capacity for businesses in the agricultural sector in Nigeria to engineer economic growth and sustainable development, generate employment and reduce poverty is the major reason for the UBA Group’s significant increase in lending to the sector. This was made known by the , GMD/CEO at the just concluded 19th Nigeria Economic Summit in Abuja […]
Posted by African Examiner
Business News, Featured, Latest Headlines
Saturday, September 7th, 2013
Nigeria’s naira weakened to a fresh 20-month low against the U.S. dollar on the interbank market on Friday, as direct central bank forex sales to lenders failed to meet demand, traders said. The naira closed at 164.1 to the dollar, compared with a 163.6 close on the previous day. The local currency fell to 163.7 […]
Posted by African Examiner
Banking & Finance, Business News
Friday, September 6th, 2013
As part of concerted efforts to reduce child mortality in Nigeria, UBA Foundation has undertaken to donate incubators to teaching hospitals in the country. To this end the Foundation today donated two incubators to the University of Benin Teaching Hospital (UBTH). The incubators were received by the Chief Medical Director of UBTH, Professor Micheal Ibadin and other principal officers […]
Posted by African Examiner
Business News
Friday, September 6th, 2013
The government of Federal Democratic Republic of Ethiopia has lauded President/Chief Executive of Dangote Group, Aliko Dangote for siting a cement plant in that country, promising to provide an enabling atmosphere for the Group and other investors. The commendation, conveyed through a letter from the government of Ethiopia to the President/Chief Executive, came on the heels of a similar appreciation […]
