…As Dangote Sugar Records 13.7 Percent Increase In 2020 Production (AFRICAN EXAMINER) – Dangote Sugar Refinery Plc has urged government to faithfully follow through the Backward Integration Policy in the sugar industry as the nation stands to rake in foreign exchange up to $700millon yearly from Sugar production self-sufficiency. Chairman of Dangote Sugar Refinery Aliko […]
(AFRICAN EXAMINER) – Shareholders of Dangote Cement Plc on Wednesday commended theManagement of the company for an impressive performance despite the economicchallenges in the year under review. Unanimously, theshareholders approved N272.6 billion as dividend, translating to N16 per sharefor the year ended December 31, 2020. The 16 per cent increase in the company’srevenue led to […]
…Deal To Yield Over $780million In Immediate Revenues To Government (AFRICAN EXAMINER) – The Nigerian National Petroleum Corporation (NNPC) and its Production Sharing Contract (PSC) partners – Shell Nigeria Exploration and Production Company (SNEPCo), Total Exploration and Production Nigeria Limited (TEPNG), Esso Exploration and Production Nigeria Limited (EEPNL) and Nigerian Agip Exploration (NAE) – have […]
(AFRICAN EXAMINER) – United Bank for Africa (UBA), the leading pan-African financial services institution, has announced the appointment of Mrs. Caroline Anyanwu to its Board of Directors, effective May 19, 2021. Caroline Anyanwu holds a First-Class degree in Statistics from the University of Ilorin in Nigeria and has worked extensively in the fields of accounting, […]
(AFRICAN EXAMINER) – First Bank of Nigeria Limited, Nigeria’s premier and leading financial services provider, has been awarded the 2021 ‘’Retail Banking CEO of the Year Nigeria’’, ‘’Most innovative Retail Banking App Nigeria’’ and ‘’Best CSR Bank Nigeria’’ awards by Global Banking and Finance magazine. The respective awards conferred on the Bank are in recognition […]
…Tasks W/African Leaders On Youth Unemployment (AFRICAN EXAMINER) – West African Student’s Union (WASU) has commended the aggressive employment generation drive of the Aliko Dangote led companies, urging other wealthy West African leaders to invest in industries that will rid the region of high unemployment rate. President of WASU, Comrade Romans Pillah in a press […]
(AFRICAN EXAMINER) – Pan African financial institution, United Bank for Africa (UBA) Plc, has rewarded 10 of its loyal customers with a total sum of N10m in the quarterly draws of the ongoing UBA Savings Promo. This promo, which is held every quarter, is intended to appreciate loyal customers of the bank, who have stayed […]
(AFRICAN EXAMINER) – Shareholders of Nigeria’s leading diversified conglomerate, Transnational Corporation of Nigeria Plc (“Transcorp”), showed their strong confidence in the Board and management, at the Group’s 15th Annual General Meeting (AGM), which took place this week at the Transcorp Hilton Abuja. The shareholders commended the company for declaring dividends, noting that despite the negative […]
…Impacting Hundreds of Thousands of Lives and Communities Across Nigeria (AFRICAN EXAMINER) – If you live in Lagos, Abuja or Port Harcourt, or you reside in any of the other state capitals, you probably take for granted that you actually live in the better of the two worlds that make up Nigeria when it comes […]
(AFRICAN EXAMINER) – Nigeria’s Dangote Cement Plc is expected to pay a total of N40.39 billion in taxation to the nation’s treasury from its operational result in the first quarter of 2021. According to the financial result published by the country’s largest cement manufacturer on Friday, April 30, 2021, the amount is due from corporate […]
By Etim Etim (AFRICAN EXAMINER) – The banking industry will make a huge donation of cash, vehicles and equipment to the Nigerian Army, Police and other law enforcement agencies in the next few weeks to support the federal government’s fight against insecurity, Herbert Wigwe, Access Bank’s Group Managing Director & chief executive announced to shareholders […]
…Pledges to Optimize Cost, Boost Remittance to FAAC The Nigerian National Petroleum Corporation (NNPC) has clarified that the revenue projection contained in the letter to the Accountant General of the Federation being cited in the media pertains only to the Federation revenue stream being managed by the Corporation and not a reflection of the overall […]
Dr. Adesola Adeduntan has since resumed work as CEO of the First Bank in line with the directives of the Central Bank of Nigeria (CBN), a corporate statement issued by the Bank has stated. The statement reads in full as follows: “We refer to the Central Bank of Nigeria Limited (CBN) pronouncement on the reconstitution […]
(AFRICAN EXAMINER) – United Capital Plc (“United Capital” or “The Group”), Nigeria’s leading investment bank and a foremost Pan-African financial and investment services group, announced its Unaudited Financial Statements for the period ended March 31, 2021 on April 28th, 2021, showing a Revenue of N3.12Billion, and Profit Before Tax of N1.97 Billion while delivering an […]
(AFRICAN EXAMINER) – The gas development and commercialization programme of the Nigerian National Petroleum Corporation (NNPC) received a boost Thursday with the execution of the Oil Mining Lease (OML) 143 Gas Development Agreement (GDA) by the NNPC and its partner, Sterling Oil Exploration and Production Company (SEEPCO). A statement by the Group General Manager, Group […]
(AFRICAN EXAMINER) – Pan African financial institution, United Bank for Africa (UBA) Plc has released its unaudited results for the first quarter ended March 31st, 2021, showing impressive double-digit growth across most of its major income lines. The bank leveraged on modest growth in both interest and non-interest income as well as increased efficiency to […]
(AFRICAN EXAMINER) – Farmers and other stakeholders have cried out over the negative economic impact that will hit the Nigeria’s economy following the suspension of the Anchor Borrowers Loans scheme mismanaged by the Nigeria Incentive Based Risk Sharing System for Agricultural Lending (NIRSAL). African Examiner reports that the Central Bank of Nigeria (CBN) had recently […]
…Increases Gas Supply for Power Generation (AFRICAN EXAMINER) – The Nigerian National Petroleum Corporation (NNPC) has announced a 37.21 % decrease in cases of pipeline vandalism across the country in the month of January 2021. This is contained in the January 2021 edition of the NNPC Monthly Financial and Operations Report (MFOR), according to […]
(AFRICAN EXAMINER) – As part of its commitment to support the growth and sustainability of Micro, Small and Medium-scale Enterprises (MSME) in the continent, Pan African financial Institution, United Bank for Africa (UBA) Plc, is set to organise the next edition of its UBA Business Series. The UBA Business Series which is a monthly event, […]
…Nigeria Price Lower Than Prices Across West African Coast (AFRICAN EXAMINER) – Management of Dangote Cement Plc has clarified that the price of a bag of cement from its factories and plants across Nigeria (as at 12th April, 2021) is N2,450 in Obajana and Gboko, and N2,510 in Ibese inclusive of VAT. The clarification was […]
