Fred P. Hochberg, Chairman and President of the Export-Import Bank of the United States (EXIM Bank), and Phillips Oduoza, CEO and Group Managing Director of United Bank for Africa (UBA), on Wednesday signed a Memorandum of Understanding (MOU) with the goal of expanding trade between the US and sub-Saharan Africa. The MOU was signed at […]
The Economic and Financial Crimes Commission (EFCC) has detained a former Minister of Finance, Amb. Bashir Yuguda, over his alleged involvement in the $115m (N23bn) bribe which was distributed by a former Minister of Petroleum Resources, Diezani Alison-Madueke. The EFCC said in a statement that the ex-minister, who is a chieftain of the Peoples Democratic […]
The Consumer Goods Forum (CGF) has announced that in just over six weeks, Cape Town will play host to scores of CEOs from the world’s most influential consumer and retail brands. The CGF Global Summit, expected to draw more than 800 delegates from over 365 companies from 40 countries, will take place at the […]
The shortlist for the 10th edition of the African Banker Awards was released on Wednesday, May 9. This year’s shortlist is dominated by some of the larger banking groups from North, East, South and West Africa. The winners will be revealed at a gala dinner during the African Bank Annual meetings that will be […]
Dangote Group of Companies on Tuesday said the organisation would create 210,000 jobs for the unemployed Nigerians in agriculture between now and 2018 in agricultural sector. The Chairman of the Group, Alhaji Aliko Dangote, said this in Katsina in a goodwill message at the opening of Katsina Economic and Investment Summit. “We will create […]
First City Monument Bank Limited (FCMB) has closed down some of its branches and sacked staff of those branches, a report this morning said. The report, by Nigerian Tribune, said it was gathered Monday night that the branches affected were those formerly owned by Finbank, which has been acquired by FCMB. “Although calls to officials […]
The Nigerian Communications Commission (NCC) has extended the operating licence of MTN Nigeria to 2021 at a cost of $94.2 million, the MTN Group said in a statement issued from its South African headquarters. Nigeria is by far MTN’s biggest market, with 62 million customers’ among the country’s 170 million people, the company said. In […]