Wema Bank showcases strong performance – Doubles Profitability. Commences Rights Issuance in Q3
Wema Bank showcases strong performance – Doubles Profitability. Commences Rights Issuance in Q3 -Wema Bank 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 of 97% over the ₦6.13bn reported in H1 2022. Profit after Tax (PAT) …
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Dangote says over 30,000 skilled Nigerians work with expatriates to build Refinery Complex
Dangote says over 30,000 skilled Nigerians work with expatriates to build Refinery Complex Management of Dangote Refinery have debunked a report published on the online platforms of some media organisations that the company employed 11,000 skilled workers from India while allegedly neglecting youths from Nigeria and other African countries. In his response, the Group Chief Branding & Communications Officer, Anthony Chiejina said the report was written with malicious intent as it did not reflect the number of skilled Nigerians on site.…
Google lists Naira as payment option on Play Store
Google lists Naira as payment option on Play Store Technology firm, Google has listed Nigerian currency, Naira, as one of the currencies to be used for payment on its Play Store. This is the outcome of its partnership with Verve, which aim is to make digital transactions on Google Play Store easier for Nigerians. According to the firm, Nigerians can now use their Verve cards to make purchases on the Google Play Store. It stated that under its new partnership, Google would process Verve transactions within Nigeria, and the transactions would be…
2023 Hajj: Gov. Lawal honours pilgrim who returned $80,000
2023 Hajj: Gov. Lawal honours pilgrim who returned $80,000 Gov. Dauda Lawal of Zamfara on Thursday honoured Hajiya Aishatu Guru-Nahuche, a pilgrim from the state who returned missing 80, 000 dollars she found to the owner during the Hajj exercise in Saudi Arabia. The pilgrim who is from Bungudu Local Government handed over the 80,000 dollars, about N64.24 million, to officials of Zamfara Pilgrims Welfare Agency who returned the money to the owner. The governor commended the woman for her “uncommon sincerity”. “We have seen a clear example of h…
No Increase In Tuition Fees Of Federal Universities – Presidency
No Increase In Tuition Fees Of Federal Universities – Presidency The Presidency has categorically refuted claims of any increase in tuition fees of federal universities in the country. The clarification comes in response to widespread media reports earlier this week, which erroneously suggested a hike in educational costs. Presidential spokesman, Dele Alake, in a statement on Wednesday clarified that the recent announcements made by some universities pertaining to discretionary charges, were unrelated to tuition fees. He further explained that…
Ogun Governor begs Nigerians to endure pains of fuel subsidy removal
Ogun Governor begs Nigerians to endure pains of fuel subsidy removal Ogun governor, Prince Dapo Abiodun on Tuesday urged Nigerians to endure the hardship brought on then by fuel subsidy removal for the overall good of the nation. Abiodun gave this advice after a private meeting with the former president Olusegun Obasanjo at his private residence in Abeokuta, the State capital. Gov Abiodun refused to reveal while he visited Obasanjo. Instead, he said he has come to see his father and a son can come to see his father anytime he wishes. While spe…
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Fostering Equality and Empowerment: Wema Bank Gives Economic Lift To Employees
Fostering Equality and Empowerment: Wema Bank Gives Economic Lift To Employees 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 culture is its announcement of a groundbreaking increase in salaries …
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