• Bayo Adetu
• July 29, 2023
• BUSINESS, Featured
• 0 Comments

WemaBank announces its unaudited results for Half Year ended 30th June 2023. The commercial bank achieved improved performance including Gross Earnings of ₦89.09bn, a y/y increase of 49% (H1 2022: ₦59.59bn). Interest Income up 53% y/y to ₦76.11bn (H1 2022: ₦49.75bn). Non-Interest Income up 32% y/y to ₦12.98bn (H1 2022: ₦9.85bn). Profit before Tax (PBT) was ₦12.05bn a y/y increase …

• Bayo Adetu
• July 25, 2023
• BUSINESS, Featured
• 0 Comments

In the Nigerian banking industry, Wema Bank, Plc is widely acknowledged to be a leader in the realms of innovation and technology, and for constantly seeking to provide seamless financial services to its teeming customers, but is the financial powerhouse a champion of its employees’ best interests? Yes, the most recent testament to Wema’s commitment to establishing a thriving workplace …

• Bayo Adetu
• July 24, 2023
• BUSINESS, Featured
• 0 Comments

The Sterling One Foundation and the United Nations Nigeria, co-conveners of the Africa Social Impact Summit 2023, have officially unveiled partners for the second edition of the Africa Social Impact Summit. The announcement made at a press conference held in Lagos, Nigeria, also featured an official announcement of the 10th and 11th of August 2023 as dates for the event …

• Bayo Adetu
• July 22, 2023
• BUSINESS, Featured
• 0 Comments

Following a bullish run in the stock market in recent months, the Nigerian Exchange Limited (“NGX”) on Friday announced the reclassification of Fidelity Bank Plc. from small price stock to medium price stock. A statement by the NGX said the reclassification became necessary because Fidelity Bank Plc. shares have been trading above the N5.00 mark since February 2023. “Rule 15.29 …

• Bayo Adetu
• July 21, 2023
• BUSINESS, Featured
• 0 Comments

Ecobank Nigeria Limited says it will appeal a judgement by the Federal High Court in Lagos, presided over by Hon. Justice Liman, which delivered a judgment in favour of Honeywell Flour against the bank and ordered it to pay the sum of N72 billion. The bank said it believe that the judgment is perverse and cannot stand the test of …

• Bayo Adetu
• July 19, 2023
• BUSINESS, Featured
• 0 Comments

Pan-African credit rating agency, Agusto & Co. has affirmed the ‘A’ rating assigned to Fidelity Bank Plc and assigned an ESG score of ‘2’ in reflection of the agency’s view that environmental, social and governance issues have minimal contribution to the Bank’s credit rating. According to a note on the Agusto & Co. website, “The rating reflects Fidelity Bank’s improved …

• Bayo Adetu
• July 19, 2023
• BUSINESS, Featured
• 0 Comments

The Federal High Court sitting in Lagos has ordered Ecobank Nigeria to pay Honeywell Flour Mills N72.2bn in damages. The ruling, delivered on Tuesday by Justice Mohammed Liman, brought to an end an aspect of the longstanding legal battle between the flour milling company and the bank. The legal dispute stemmed from a series of allegations and counterclaims between Honeywell …

• Bayo Adetu
• July 11, 2023
• BUSINESS, Featured
• 0 Comments

The Sterling One Foundation and the African Venture Philanthropy Alliance have announced the upcoming ASIS 2023 Deal Room, which will take place on August 11, 2023, in Lagos, Nigeria, to connect social impact enterprises with potential investors for funding opportunities. The deal room, managed by the African Venture Philanthropy Alliance (AVPA) alongside other technical partners, presents a unique opportunity for …

• Bayo Adetu
• July 8, 2023
• BUSINESS, Featured
• 0 Comments

Polaris Bank, Nigeria’s leading Digital Retail Bank, is partnering Eventful Limited to host the 2023 edition of The Fashion Souk scheduled to hold at Harbour Point facility on Victoria Island, Lagos from today Saturday, July 8th, and tomorrow Sunday, July 9th, 2023.  The Fashion Souk is set to be an extraordinary enclosed marketplace where Small and Medium-sized Enterprises (SMEs) in …

• Bayo Adetu
• July 3, 2023
• BUSINESS, Featured
• 0 Comments

Sterling One Foundation has announced partnership with the United Nations to host the Africa Social Impact Summit (ASIS) 2023 in August. The event which will hold on August 10-11 at the Eko Convention Center, Lagos, will bring together key stakeholders in the African development space, including corporate executives, impact investors and development experts from various United Nations (UN) bodies and …