By Ayo Balogun, Abuja ABUJA, NIGERIA (AFRICAN EXAMINER) – The Central Bank of Nigeria has said it has begun investigation into questionable financial transactions in some commercial banks. A statement issued by the bank’s acting Director, Corporate Communications, Mr Isaac Okorafor, on Monday, said the apex bank is working in collaboration with law enforcement agencies […]
*As Elumelu reconfirms Africa network as strategic priority, pledges further capital for African growth The United Bank for Africa (UBA) Group recently held its first ever Senior Leadership Forum reflecting the strategic importance and growth potential of its pan-African business. UBA Group Chairman Mr. Tony O. Elumelu convened the Forum to review the impressive growth […]
BALTIMORE, MD (AFRICAN EXAMINER) – The Board of Directors of Fidelity Bank has appointed Alhaji Mohammed Balarabe as the Acting Managing Director of the bank. Until his appointment, Alhaji Balarabe was the Executive Director, North. A statement issued on Monday by the bank said the appointment is with immediate effect but subject to regulatory approval. […]
Abidjan, Côte D’Ivoire – At the 5th edition of the annual forum, CGECI Academy 2016, the Ivorian National Council of Employers, General Confederation of Enterprises of Côte d’Ivoire (CGECI) presented African businessman and investor, Tony Elumelu, with its 2016 CGECI Lifetime Achievement Award on April 21, 2016 in Abidjan, Côte d’Ivoire. The formal presentation was to […]
LAGOS, NIGERIA (AFRICAN EXAMINER) – It is the beginning of another school term with lots of preparations as students return to school after the holidays. First Bank of Nigeria Limited, Nigeria’s most valuable Bank brand is again set to support schools with their educational requirements to enhance preparations for the school year. The Bank’s support […]
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 […]
BALTIMORE, MD (AFRICAN EXAMINER) – First Bank of Nigeria Limited has retained its number one banking brand ranking in Nigeria for the fifth consecutive year in the 2016 The Banker and Brand Finance Top 500 Banking Brands in the world. According to the 2016 Top 500 banking brands ranking published in the February edition of […]
By Eric Ojo, Abuja The International Monetary Fund (IMF) has said that the ripples generated by the relative economic slowdown in China may have some negative impacts on the economies of countries in the African continent. The Fund noted that Africa is affected by changes in China’s economic dynamics because she is currently the continent’s […]
The Central Bank of Nigeria, CBN, has stopped, with immediate effect, the sale of foreign exchange, forex, to Bureaux de Change, BDCs, as part of measures to reduce the pressure on the nation’s foreign reserves. The reserves, which closed last year at $28.364 billion, dropped last weekend to $28.193 billion, showing a depletion by $170 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
True to its quest to deepen the SME space and make it accessible to more business start-ups, Nigeria’s most valuable bank brand, First Bank of Nigeria Limited has commenced the sponsorship of an SME Radio programme, The Economy & You! The programme, which will run concurrently on www.edcradioonline.com every Thursday at 3pm and Rhythm FM […]
LAGOS, NIGERIA, June 23, 2015: “We hope The Tony Elumelu Entrepreneurship Programme can catalyse and encourage other African business leaders to empower emerging entrepreneurs. If we all come together with requisite resources we can make a significant difference,” said Mr. Tony O. Elumelu at the press conference in Lagos to announce the Tony Elumelu Entrepreneurship […]
