The dollar surged and bitcoin hit a record high Wednesday before Donald Trump claimed victory in the US election, with traders ramping up bets on fresh tax cuts, tariffs, and rising inflation. While polls had shown the race on a ...
Read More »
Elon Musk’s wealth could grow by about $15 billion as Tesla’s stock surged following Donald Trump’s recent election victory. Tesla shares rose nearly 15% in pre-market trading, reaching $289.44, which added around $113 billion to the company’s overall value. ...
Read More »
Wema Bank Launches Export Trade Academy to Empower Nigerian SMEs in International Markets 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 ...
Read More »
Wema Bank Releases Q3 2024 Unaudited Results… Reports Profit Before Tax of ₦60.62billion, a 174% YonY Growth . Wema Bank Nigeria (“Wema” or “the Bank”)) has released its unaudited Consolidated Financial Statements for the period ended September 30th 2024, ...
Read More »
Lagos- 30 Ocrober 2024, as part of its commitment to sustainable finance and taking active steps towards reducing its carbon footprint, FirstBank has joined the Partnership for Carbon Accounting Financials (PCAF) to promote sustainable finance, combat climate change and ...
Read More »
About 110 customers of the United Bank for Africa have been rewarded with N42.8m in its ongoing Legacy Promo. The promo, which is part of its ‘75 Years, 75 Winners’ celebration, held its October draw, where the winners emerged. ...
Read More »
Leading financial technology firm, OPay, has been recognised as the ‘Mobile Payment Solutions Provider of the Year’ award at the 12th Annual Banks and Other Financial Institutions Awards. OPay said that the recognition was a testament to its continued ...
Read More »
Heirs Holdings and the Tony Elumelu Foundation have provided $5,000 in seed capital to young African entrepreneurs to spur economic growth across the continent. The announcement was made during the Future Investment Initiative New Africa Summit in Saudi Arabia, ...
Read More »
The President of Coscharis Group, Dr Cosmas Maduka, has been inducted as a Fellow of the Chartered Institute of Directors, Nigeria. This conferment was made known through a statement made available to The PUNCH on Monday by the company’s ...
Read More »
The Managing Director/Chief Executive Officer of Wema Bank, Moruf Oseni, has harped on the need to maintain excellence in the banking sector, as he received the highest honour from the Chartered Institute of Bankers of Nigeria. Oseni was honoured ...
Read More »
Access Bank has revealed that it is considering selling dollar-denominated securities to Development Financial Institutions and on the open market to boost its capital base and fund expansion plans. This was disclosed by the Managing Director, Roosevelt Ogbonna, during ...
Read More »
The Nigerian Bottling Company has trained youths in Lagos and Imo states as part of its youth empowerment programme, #YouthEmpowered aimed at equipping young Nigerians with employability and entrepreneurial skills. In a statement, NBC said it designed the initiative ...
Read More »
The surging global popularity of TikTok has seen the co-founder of its parent company, ByteDance, become China’s richest person, the BBC reports. According to a rich list produced by the Hurun Research Institute, Zhang Yiming is now worth $49.3bn ...
Read More »
Barely three weeks after raising the price of Premium Motor Spirit, popularly known as petrol, Nigerians were outraged when the Nigerian National Petroleum Company Limited on Tuesday adjusted the pump prices of the commodity, as oil marketers foresee further price ...
Read More »
WEMA BANK PIONEERS NIGERIA’S FIRST LICENSED BANKING APP FOR TEENAGERS, ALAT XPLORE App Wema Bank, Nigeria’s foremost innovative app and pioneer of Africa’s first fully digital bank, ALAT, is breaking new ground by pioneering yet another industry first; the ...
Read More »
Golden Terra Oil says it has won the Outstanding Campaign of the Year Award at the 2024 National Marketing Stakeholders Summit and Awards. The event, held in Lagos, had in attendance leaders from across the marketing industry who gathered ...
Read More »
The House of Representatives on Thursday urged the Central Bank of Nigeria to commence the gradual withdrawal of old naira notes and make available to Nigerians new notes in N200, N500 and N1,000 denominations. This is just as the ...
Read More »
Sterling One Foundation, in partnership with PwC, NGX, and other partners, is set to host the fourth edition of the ESG Series 4.0 focused on sustainable business practices. UNIDO Investment and Technology Promotion Office Nigeria, LBS Sustainability Centre, Lagos ...
Read More »
The Naira yesterday depreciated to N1,739 per dollar in the parallel market from N1,735 per dollar on Wednesday. However, the Naira appreciated to N1,601.2 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that ...
Read More »
The Nigerian Electricity Regulatory Commission has said that power distribution companies may begin to bear the cost of equipment used to repair faulty transformers and other transmission infrastructure replacements. It said if the measure is implemented, it will ensure ...
Read More »
Lagos, Nigeria – October 24, 2024 – We wish to address a misleading report circulating in the media regarding a system upgrade at FirstBank. The message which was incorrectly interpreted and reported was sent to, and intended for our vendors ...
Read More »
The Lagos State Environmental Protection Agency, LASEPA, yesterday, disclosed that over 352 facilities including religious houses have been shut down across various parts of the state in the last year over noise pollution and other environmental infractions. The General Manager ...
Read More »
Nigeria’s engagement with the global debt market remains vibrant despite challenges posed by high borrowing costs, the International Monetary Fund has said. During a press conference on the global financial stability report at the IMF/World Bank annual meetings in ...
Read More »
The Federal Government on Wednesday withdrew the money laundering charges preferred against Binance Holdings Limited executive, Tigran Gambaryan. Binance, its U.S. head of financial crime compliance, Gambaryan, and the exchange British-Kenyan regional manager for Africa, Nadeem Anjarwalla, were facing money laundering ...
Read More »
FBN Holdings, a financial holding company, will seek shareholder approval for a new capital raise of N350 billion at its upcoming annual general meeting. The firm also is considering a change of its legal and brand name to FirstHoldco ...
Read More »