(AFRICAN EXAMINER) – Reports have surfaced that one of the leading Nigeria’s commercial bank, Access Bank is planning to cut workers’ salaries to avoid job losses amid the ravaging coronavirus. A report online by Bloomberg says the salary cuts are expected to start from May unless business conditions improve quoting anonymous sources. However, the bank has […]
(AFRICAN EXAMINER) – More than 1,000 graduate trainees recently recruited by the Nigerian National Petroleum Corporation (NNPC) are to assume duty Monday 4 May, 2020, a release by the corporation’s Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, has stated. The trainees are to assume duty first, virtually while the corporation monitors the […]
(AFRICAN EXAMINER) – Royal Dutch Shell RDSa cuts its dividend for the first time in 80 years and suspended the next tranche of its share buyback programme following the collapse in global oil demand due to the coronavirus pandemic. Chief Executive Ben van Beurden said this in a statement issued on Thursday in London. “Given […]
… Shareholders ratify N1.00 Total Dividend (AFRICAN EXAMINER) – Leading African financial institution, United Bank for Africa Plc (UBA) held its Annual General Meeting virtually by proxy on Wednesday, April 29, 2020 – a first in UBA’s seventy-one year history. The meeting, which had in attendance shareholders, management and staff members, together with representatives of […]
(AFRICAN EXAMINER) – FirstBank of Nigeria has confirmed that a member of its staff died of the corona virus in Kano state main branch. This confirmation was contained in a public statement issued on Saturday and made available to African Examiner. The statement reads in full: “FirstBank mourns as we confirm the loss of our […]
(AFRICAN EXAMINER) – Pan African financial institution, United Bank for Africa Group (UBA) Plc has released its unaudited results for the first quarter ended March 31st, 2020, showing double-digit improvement across all its major income lines. The bank leveraged on modest growth in both interest and non-interest income as well as increased efficiency to deliver […]
… As Vandalism of NNPC Pipelines Spikes (AFRICAN EXAMINER) – Nigeria recorded crude oil and gas export sale of $434.85million in January, 2020, an increase of 94.30 per cent pitched against the December 2019 figures, the Nigerian National Petroleum Corporation’s (NNPC) Monthly Financial and Operations Report, released today, in Abuja has stated. The statement by […]
(AFRICAN EXAMINER) – The forensic audit of the Niger Delta Development Commission, NDDC, is aimed at restoring sanity and prudence in the management of the Commission and will ensure the rapid development of the Niger Delta region. Speaking while handing over the preliminary report and documents of the verification exercise to the lead consultants of […]
(AFRICAN EXAMINER) – In this COVID-19 era where movement is restricted in some major parts of the world – including Nigeria – with many Banks and business reengineering efforts to improve the adaptability of their customers to electronic ways of carrying out business, Firstmonie Agents, an agent banking initiative from First Bank of Nigeria Limited […]
(AFRICAN EXAMINER) -,The Private sector-led Coalition Against COVID-19 (CACOVID) has ordered for 250,000 supplies for tests and another 150,000 extraction kits to fast-track molecular testing for the deadly coronavirus, noting that the reality of the situation at hand was such that efforts must be put together with no stone left unturned in dealing with the […]
From Ignatius Okpara, Enugu …Says Action Hampers Deployment of Technology to Boost Electricity, Slash Consumer Bills (AFRICAN EXAMINER) – An Engineer, Kenechukwu Agu, has lamented his inability to deploy a modern technology that could boost revenue for electricity distribution companies and slash the electricity bills (tariff) for consumers in Nigeria. He explained that he was unable to deploy the […]
Pan African financial institution, United Bank for Africa (UBA) Plc, has called on its customers to exercise utmost caution in their banking transactions and ensure that they do not fall prey to any nefarious activities during the Coronavirus lock down period. Specifically, UBA has urged its customers not to divulge any sensitive personal information regarding […]
(AFRICAN EXAMINER) – First Bank of Nigeria Limited has introduced palliative measures for customers to give them some relief, in view of the challenges of COVID-19 lockdown extension. Dr Adesola Adeduntan, FirstBank Chief Executive Officer, made the announcement in a statement in Lagos on Thursday. Adeduntan said the bank was introducing special waivers on repayment […]
(AFRICAN EXAMINER) – The European Union (EU) has pledged to donate the sum of $55m about (N21b) Nigeria to boost the country’s fight against coronavirus. Head of the EU delegation during a visit to President Muhammadu Buhari Tuesday in Abuja, Ambassador Karlsen described the donation, channelled through the UN COVID-19 basket fund as the largest single contribution […]
(AFRICAN EXAMINER) – The Central Bank of Nigeria (CBN) says the bank does not charge any fee on COVID-19 loan application as claimed in false reports circulated on social media. The CBN’s Director, Corporate Communications Department, Mr Isaac Okorafor said this in a statement in Abuja on Monday. Okorafor explained that procedures for accessing the […]
… Says Fuel Subsidy Removal for Benefit of Ordinary Nigerians (AFRICAN EXAMINER) – The Nigerian National Petroleum Corporation (NNPC) will no longer be involved in the management of the nation’s refineries after their rehabilitation. This was disclosed Wednesday by the Group Managing Director of NNPC, Mallam Mele Kyari, in an interview on Arise TV breakfast […]
By Ignatius Okpara (AFRICAN EXAMINER) – Chairman of Chinese investors Association for Development and Promotion in Nigeria, Chief Ronnie Liu has decried what he termed alleged “enmity that the US sows in the minds of Nigerians and Africans against China as baseless. Liu, a Lagos based businessman with interests in several sectors of the economy, lamented […]
(AFRICAN EXAMINER) – First Bank of Nigeria Limited has saluted medical professionals tackling the COVID-19 pandemic in Nigeria and the world, THE WITNESS reports. The Bank in series of tweets on its Twitter page on Friday, acknowledged the role medical experts are playing to fight the virus. Some of the messages read: “No capes, just heroes. To all the health professionals […]
(AFRICAN EXAMINER) – The management of the Nigerian National Petroleum Corporation (NNPC) has commended the Governor Nyesom Wike of Rivers State for his timely intervention which has resulted in the smooth distribution of petroleum products to Rivers State neighbouring states. A press release by the Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, quoted […]
(AFRRICAN EXAMINER) – The Federal Inland Revenue Service (FIRS) says it has collected N1.123 trillion revenue in the First Quarter (Q1) of 2020. The FIRS made this known in a statement issued by Mr Abdullahi Ismaila, Director, Communications and Liaison Department of the service in Abuja on Thursday. He said the service recorded seven per […]
