(AFRICAN EXAMINER) – The Central Bank of Nigeria (CBN) has announced the postponement of the proposed launch of its digital currency, e-Naira. A statement by apex bank’s Director of Communications, Mr Osita Nwanisobi, said that the launch, which was earlier scheduled for Oct. 1, was postponed due to other activities lined up to commemorate the […]
(AFRICAN EXAMINER) – As part of activities marking the 2021 Global Sustainability Week, employees of the pan-African of Dangote Group, have donated food items and other hygiene products to the old age and the physically challenged children. The donations were made in Lagos to the physically challenged persons at the Pacelli School for the Blind, […]
…Hits 3 Million User Mark (AFRICAN EXAMINER) – Pan African financial institution, United Bank for Africa (UBA) Plc, has in the last three years won the hearts of its customers with its artificial intelligence chat bot, LEO, which has proven to be the most formidable artificial intelligence chat bot till date; serving an ever-increasing clientele […]
(AFRICAN EXAMINER) – The United Bank of Africa has published the names of some individuals who applied for Personal Travel Allowance and bought cheap dollars at the bank but did not use it for the purpose they applied for. The account numbers and Bank Verification Numbers of the defaulters were included in the publication. According […]
(AFRICAN EXAMINER) – The director of Information Technology, Central Bank of Nigeria (CBN), Rukiya Mohammed, said the apex bank has concluded plans to launch the Central Bank Digital Currency (CBDC) on October 1. African Examiner reports that Mohammed disclosed this in a webinar, themed “Digital currency and the prospects of CBDC in Nigeria”, organised by […]
(AFRICAN EXAMINER) – The North-South Economists’ Forum, NSEF, a focus group of development economists, has exonerated Central Bank of Nigeria, CBN, Governor, Mr. Godwin Emefiele, from the continued depreciation of the value of the naira in the forex market. The body of economists in a press release signed by its Chairman, Malam Ahmed Abdulkadir and […]
…Reinforces Its Commitment To Customer Service (AFRICAN EXAMINER) – In furtherance of the need to expand diaspora remittance inflow into the country, First Bank of Nigeria Limited has increased its network of International Money Transfer Operators (IMTOs), targeted at easing the accessibility of its customers to receive money from close to 100 countries across the […]
The Group Managing Director/Chief Executive Officer, United Bank for Africa (UBA) Plc, Kennedy Uzoka, has said that the bank recorded significant improvement in its operational and financial performance as a result of its unending commitment towards delivering products and services aimed at meeting customers’ demands. Uzoka said this during the Investors/Analysts Conference Call at the […]
(AFRICAN EXAMINER) – Group Managing Director and Chief Executive Officer (CEO) of Access Bank Plc, Herbert Wigwe has emerged winner of the 2020 Leadership Awards’ ‘Banker of the Year’. This award was bestowed on him at the Leadership Conference and Awards ceremony which was held in Abuja on Thursday, in recognition of his stellar leadership […]
(AFRICAN EXAMINER) – Fidelity Bank Plc has posted a profit before tax (PBT) of N20.6 billion for the six months ended June 30, 2021. The Managing Director/Chief Executive Officer of Fidelity Bank, Mrs Nneka Onyeali-Ikpe, disclosed this in the bank’s audited half-year (H1) results released to the Nigerian Exchange (NGX) Limited on Sunday in Lagos. […]
(AFRICAN EXAMINER) – The Court of Appeal, Abuja Division on Friday ordered the Rivers Government, the Federal Inland Revenue Service (FIRS) and the Attorney-General of the Federation to maintain status quo, pending the hearing and determination of applications before it in respect of the Valued Added Tax (VAT). The Federal High Court, Port Harcourt, had […]
(AFRICAN EXAMINER) – Access Bank Plc, a multinational commercial bank has announced its partnership with SME.NG to launch a new initiative, Ebi Marketplace, an online platform to support the digitization of women-owned businesses in Nigeria. In a statement on Wednesday, Access Bank said Ebi Marketplace, which will be Nigeria’s first all-women’s e-market place with a […]
(AFRICAN EXAMINER) – Africa Fintech Foundry (AFF) has announced its partnership with Access Bank’s ‘W’ Initiative to jointly establish a digital academy solely for women. The establishment of the female digital school which is aimed at fostering tech diversity, will educate over 500 women to become technology gurus over the next three to five years. […]
(AFRICAN EXAMINER) – The Federal Inland Revenue Service (FIRS) has urged taxpayers not to panic over the recent court ruling by the Federal High Court sitting in Port Harcourt on Value Added Tax (VAT). The Special Assistant to the Chairman of the FIRS on Media and Communications, Johannes Wojuola, gave the advice in a statement […]
(AFRICAN EXAMINER) – The Niger State Internal Revenue Service (NGSIRS) on Monday shut down eight commercial banks and the state head office of the Abuja Electricity Distribution Company (AEDC) over alleged N456 million tax debts. Mr Mohammed Etsu, the Executive Chairman of the internal revenue Service, told journalists following the exercise that it was carried […]
(AFRICAN EXAMINER) – Central Bank of Nigeria (CBN) has assured Nigerians that the introduction of its digital currency, eNaira, will facilitate cross-border remittances and improved efficiency in payment system in the country. . This is coming ahead of the Central Bank Digital Currency (CBDC), scheduled to be unveiled in the last quarter of this year. […]
(AFRICAN EXAMINER) – A Lagos State High Court in Ikeja has frozen assets and funds put at N19,178,253,050 allegedly kept in 24 banks by a convicted former bank Managing Director Francis Atuche. Justice Lateefat Okunnu made the order, following an August 17 application by counsel to the Economic and Financial Crimes Commission (EFCC), Mr. Kemi […]
(AFRICAN EXAMINER) – Access Bank Plc has posted a profit before tax (PBT) of N97.49 billion in six months as at June 30. This was stated in the bank’s interim financial statement signed by the Company Secretary, Mr Sunday Ekwochi, posted on the website of the Nigerian Exchange (NGX) Ltd. on Thursday in Lagos. The […]
(AFRICAN EXAMINER) – The Central Bank of Nigeria has directed all commercial banks to publish on their websites the names and Bank Verification Numbers of customers who engage in fraudulent and unscrupulous practices to obtain foreign exchange from banks. In a circular issued by the on Tuesday, the bank outlined the fraudulent practices to include […]
(AFRICAN EXAMINER) – The Eko Electricity Distribution Company has announced to its customers the decision of upward tariff adjustment effective from September 1, 2021. The African Examiner writes that starting from Wednesday September 1, 2021, there are indications that Nigerians will pay more for electricity. This is coming after a directive by the Nigerian Electricity […]
