Business

to Wema Bank PLC (Bloomberg: WemaBank: NL) (“Wema” or “the Bank”) announces the allotment of its N40billion Rights issue programme. -Raises N40billion through a Rights Issuance process. -Part of its larger 2-year; N150billion Capital programme. Rights fully subscribed. -Expected to Commence concluding tranche of additional Capital in Q4, 2024. -Corporate …

Digital solutions provider, Globacom, has announced that it will again be partnering with the organizers of the popular Ojude Oba festival this year in continuation of a tradition it started 18 years ago. Speaking at the pre-event press conference held at Awujale’s Palace in Ijebu Ode, Ogun State, Globacom’s representative, …

By: Philip Odiakose The media monitoring industry in Nigeria plays a pivotal role in shaping the landscape of advertising and public relations (PR). This industry, through its various key players, provides essential services that ensure brands can effectively track their media presence, evaluate their campaigns, and make data-driven decisions. Despite its …

In a groundbreaking development within the betting industry, SportyBet has unveiled a series of innovative updates to solidify its position as a leader in the field. With a focus on lightning-fast payouts and setting new records for maximum payout limits, SportyBet remains committed to delivering an unparalleled betting experience for …

Stanbic IBTC Capital, the investment banking subsidiary of Stanbic IBTC Holdings, has been recognised as the ‘Best Local Currency Bond House’ at the EMEA Finance Awards for the second consecutive year. This award highlights the company’s outstanding performance and pivotal role in the Nigerian capital markets.  In addition to the …

…Gov, Senators hail Dangote on impactful facility Leadership of the Senate at the weekend unveiled the multi-million dollar world-class Dangote Sinotruk West Africa Ltd CKD Plant established by the business mogul, Aliko Dangote with a call on other eminent Nigerians to emulate him in using their wealth to benefit the …

 Bright Echefu   The Economic and Financial Crimes Commission (EFCC) has arraigned Bright Echefu, the Managing Director and Chief Executive Officer of Telecom Satellites Limited (TStv) and three others on nine-count money laundering charge. Others arraigned alongside Echefu before Justice Inyang Ekwo of a Federal High Court, Abuja on Thursday include the …

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has arraigned Usman Kwakwa, an official of the Rural Electrification Agency (REA), for allegedly stealing N298 million through the agency’s payment platform. He was arraigned on Thursday before a federal high court in Abuja on a four-count charge. Kwakwa is one of …

Lagos, Nigeria – Five children in Nigeria have regained their vision after a recent Cataract Surgical Mission organized by Rotary District 9110 Eye Hospital, Ota, Nigeria recently. The mission, funded by UK-based philanthropists, supported the sight-restoring surgery for these five children suffering from cataracts. Rotarian Dr Yinka Osoba of the Rotary …

Fitch Ratings has revised the outlook on Fidelity Bank PLC’s LongTerm Issuer Default Rating (IDR) to Positive from Stable, while affirming the rating at ‘B-‘. The credit rating agency has also affirmed Fidelity Bank’s National Long-Term Rating at ‘A(nga)’ with a Stable Outlook. In a statement released on Friday, Fitch …