Wema Bank Nigeria (“Wema” or “the Bank”)) has released its unaudited Consolidated Financial Statements for the period ended September 30th 2024, to the Nigeria Exchange Group (NGX). The Bank reported profit before tax of ₦60.62bn, representing an increase of 174% over the ₦22.13bn recorded in the corresponding period in 2023. Wema Bank’s balance sheet remained…
In a bold step towards empowering Nigeria’s small and medium enterprises (SMEs), Wema Bank has launched the Wema Export Trade Academy, a groundbreaking initiative designed to enhance the global trade capabilities of local businesses. This forward-thinking program demonstrates Wema Bank’s commitment to empowering Nigerian businesses and supporting their international growth potential.Navigating the complex landscape of…
The Lagos State government has refuted claims that Governor Babajide Sanwo-Olu initiated legal proceedings against the Economic and Financial Crimes Commission (EFCC). On Tuesday, news report (by NAN) surfaced indicating that Sanwo-Olu had filed a suit to prevent the EFCC from arresting or prosecuting him post-governorship. However, Lagos State Attorney-General Lawal Pedro clarified the situation…
Minister of the Federal Capital Territory, Nyesom Wike, has again said that he did not become a minister to sell lands in Abuja. Wike said the only reason he became a Minister in the All Progressives Congress, APC, government was to support the administration of Bola Tinubu. The Minister said this during the flag off…
The Imo State Police Command has said its operatives successfully repelled an attempted attack allegedly carried out by members of the Eastern Security Network (ESN), linked to the Indigenous People of Biafra (IPOB), resulting in the death of one suspect. The command’s spokesman, Henry Okoye, shared the details with newsmen while displaying the deceased suspect’s…
Justice Joyce Abdulmalik of the Federal High Court in Abuja on Wednesday stopped the Central Bank of Nigeria from further releasing monthly financial allocations to Rivers State Government. The presiding judge held that the presentation of the 2024 budget by Governor Siminalayi Fubara before a four -member Rivers House of Assembly was an affront to…
Members of the African Union Election Observation Mission on Wednesday visited polling stations across Gaborone, Botswana’s capital, to observe the Botswana Elections. This was made known in a statement shared by Goodluck Jonathan, Nigeria’s former president and leader of the AUEOM, on X.com. He wrote, “Out early on Election Day in Botswana, we, as members…
Delta State Governor, Hon. Sheriff Oborevwori has ordered the 25 local government council chairmen in the state to pay the new minimum wage for workers starting this November. Governor Oborevwori gave the charge, Tuesday, during a meeting with the leadership of the Delta State chapter of the Association of Local Governments of Nigeria (ALGON), Nigeria…
US President, Joe Biden says Nigeria deserves a permanent seat at the United Nations security seat. This is as he said his country was committed to seeing Africa have two permanent seats at the United Nations, UN, security council.Nigeria’s Minister of Foreign Affairs, Yusuf Tuggar, said Biden made his stance on Nigeria’s quest for a…
Minister of Power, Adebayo Adelabu, says the Northern Nigerian states have continued to experience blackouts because of a security threat. Adelabu disclosed this during a press conference on Tuesday. Giving an update on the persistent blackout in Northern Nigeria, Adelabu explained that the delay in fixing the vandalised Shiroro-Kaduna Line was due to security threats….
