Category: Business
FG Spends ₦633bn on Electricity Subsidies in Q1 2024
The Federal Government paid over ₦633.30bn on electricity subsidy in the first quarter of 2024, findings have shown. According to the Nigerian Electricity Regulatory [more…]
Wema Bank and Lagos State Government Partner to Celebrate International Day of Cooperatives, Emphasizing Empowerment of Cooperative Societies via CoopHub
Wema Bank, Nigeria’s foremost innovative bank and pioneer of Africa’s first fully digital bank ALAT, has reiterated its commitment to empowering cooperative societies for optimal [more…]
Wema Bank Donates Brand-New Car to Winner of Outstanding MSME Clinic of the Year at National MSME Awards 2024
Wema Bank, Nigeria’s foremost innovative bank and pioneer of Africa’s first fully digital bank, ALAT, donated a brand-new car to Desoor Bags, the winner of [more…]
Fuel Shortage Hits State As IPMAN Closes Filling Stations
Fuel shortage had become palpable by the evening of Monday in Adamawa State as a result of strike action by members of the Independent Petroleum [more…]
WEMA BANK Concludes Initial Capital Raise
Wema Bank PLCannounces the allotment of its N40billion Rights issue programme. -Raises N40billion through a Rights Issuance process. -Part of its larger 2-year; [more…]
PICTURES: Women Shatter Fintech and SME Barriers
Payment Service Bank (9PSB), Nigeria’s digital payment service bank, focused on financial inclusion, has echoed the impressive progress demonstrated by the female professionals [more…]
PICTURES : Obasa, Fashola, Foreign Diplomats Advocate for Nigeria’s Democracy Protection
Despite its challenges, democracy in Nigeria must be protected by every citizen, speakers at an event to commemorate the country’s 25 years of unbroken democratic [more…]
Clarifying Misinformation Surrounding Alleged Commercial Banking License Seizure and Bank Closure
Recent industry occurrences have given rise to an influx of false information and propaganda targeted at causing unrest in the Nigerian financial services industry. Among [more…]
VISA: European Union Increases Schengen Visa Fee
The European Union (EU) has raised Schengen visa application fees from €80 to €90 for adult African and other non-EU citizens. According [more…]
WEMA Gets AGUSTO’s High Rating, Stable Financial Outlook Confirmed
Following its strong 2023 financial performance, Wema Bank, Nigeria’s foremost innovative bank and pioneer of Africa’s first fully digital bank, ALAT, has received an upgraded [more…]