WeMA BANK announces 108.3% growth in Profit Before Tax
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Bayo Adetu
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April 4, 2022
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BUSINESS
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…Total Assets now above ₦1Trillion Naira Wema Bank Plc’s resilience was on display as the digitally driven financial institution announced its financial results for the year ended December 31, 2021. The performance which capped a remarkable year showed strong growth in key financial indices especially as the bank crossed the ₦1trillion mark in total assets. In a statement made to …
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Court stops DSTV, GOTV’s price hike
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Bayo Adetu
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April 4, 2022
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BUSINESS
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A tribunal sitting in Abuja has ordered Multi-choice Nigeria Plc and the Federal Competition Consumer Protection Commission to stop the price hike on DSTV and GOTV products pending 11th of April 2022 fixed for hearing of the matter. The case was filed and dated 29th March, 2022, by the Festus Sanmi Onifade and Coalition Nigeria Consumer (The applicant) against Multi-choice …
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Emefiele Denies Campaign vehicles
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Bayo Adetu
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April 2, 2022
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BUSINESS
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Central Bank of Nigeria Governor, Godwin Emefiele, has denied ownership of some vehicles purportedly branded for his presidential campaign. A post by Reno Omokri, former President Goodluck Jonathan’s aide, described the act as a handiwork of Emefiele’s detractors.
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Sterling One Woman partners with Society for Corporate Governance Nigeria for IWD celebration
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Bayo Adetu
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March 30, 2022
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BUSINESS
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As part of activities to commemorate this year’s International Women’s Day (IWD) themed “Break the Bias,” Sterling Bank partnered with the Society for Corporate Governance, a non-governmental organization (NGO), to sensitize women professionals and other executives on how they can become active and effective board members as part of activities to commemorate this year’s International Women’s Day (IWD). Speaking at …
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FirstBank holds a round table as Cobhams Asuquo, Osas Ighodaro, Denola Grey, Ore Runsewe and Foluso Gbadamosi share their experiences
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Bayo Adetu
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March 25, 2022
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BUSINESS
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Did you miss FirstBank’s recent webinar on 8 March 2022, to commemorate the 2022 International Women’s Day (IWD) – themed Breaking the Bias – and are yet to recover from the grumble of missing the event, following the experiences and excitement shared by participants? Letting the cat out of the bag… By 1pm on Friday, 25 March 2022, FirstBank will …
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MAAN Commends Unity Bank for Supporting Maize Farmers
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Bayo Adetu
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March 25, 2022
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BUSINESS
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Nigerian maize farmers under the auspices of Maize Farmers Association of Nigeria (MAAN), have commended Nigeria’s agric-focused lender, Unity Bank Plc for its role in facilitating the financing of maize production by smallholder farmers in the country through the Anchor Borrowers’ Programme of the Central Bank of Nigeria (CBN). The President of MAAN, Dr. Bello Abubakar gave the commendation while …
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Sterling Bank cleans up Nigeria
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Bayo Adetu
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March 25, 2022
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BUSINESS
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As part of its commitment to create a cleaner and safer environment for the citizenry and aquatic life under its Corporate Social Responsibility (CSR) initiative known as Sterling Bank Environmental Makeover (STEM), Sterling Bank Plc has recently carried out environmental cleaning exercises in 23 states across Nigeria. The cleaning up exercises involved cleaning of markets, roads and beaches to commemorate …
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FirstBank convenes SMEConnect webinar to enlighten SMEs on alternative payment methods that are key to driving revenue
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Bayo Adetu
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March 24, 2022
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BUSINESS
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In furtherance of its role in promoting the sustainability and viability of the Small and Medium-sized Enterprises (SMEs), Nigeria’s premier and leading financial inclusion services provider, FirstBank will by 11:00am on Thursday, 24 March 2022 convene its SMEConnect webinar themed Leveraging Alternative Payment Methods (APMs) to drive revenue for your business. The virtual event is open to everyone, especially small business …
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Poor Electricity, High Diesel Cost: Manufacturers Count Losses, Banks Cut Operating Hours
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Bayo Adetu
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March 23, 2022
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BUSINESS
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The failure of the governent of President Muhammadu Buhari to address the economic, energy and oil crisis is rubbing off on businesses in Nigeria. This is as the cost of diesel nears N800 per litre, while many buy fuel as high as N300/400 per litre. As a result, the Manufacturers Association of Nigeria (MAN) has raised the alarm over the …
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Lagos Assembly confirms Gov. Sanwo-Olu’s nominee as Auditor-General
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Bayo Adetu
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March 22, 2022
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BUSINESS
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The Lagos State House of Assembly on Tuesday confirmed a nominee of Governor Babajide Sanwo-Olu as the substantive Auditor-General of the State. The Speaker, Rt. Hon. Mudashiru Obasa, announced the confirmation following a voice vote of members of the House during plenary. Mr. Salami had earlier appeared before the lawmakers for screening. In another development, the Lagos State anti-corruption and …
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