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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 …

Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos, on Thursday, June 13, 2024, adjourned till June 19, 2024 adoption of final written addresses in the alleged N15,800,000.00 (Fifteen Million, Eight Hundred Naira) fraud involving one Balami Abdullahi.   Abdullahi allegedly defrauded one Alhaji Buba Kimba of …

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 …

The Nigeria Labour Congress (NLC) has announced that it will not embark on a strike action tomorrow, Tuesday, to demand a new national minimum wage. This decision was made known by the NLC President, Joe Ajaero, at the ongoing International Labour Conference in Geneva, Switzerland. Ajaero said: “We cannot declare …

Mercy Eke, a well-known Nigerian reality TV personality, took to social media to express her deep concern about the impending closure of Heritage Bank. She revealed that she has funds exceeding N100 million deposited with the bank.   Recall that the Central Bank of Nigeria (CBN) made the decision to …

…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 …

The organised labour says it will not accept N62,000 or N100,000 as the minimum wage for workers. Speaking on ‘Morning Brief’, a Channels Television programme, on Monday, Chris Onyeka, assistant general secretary of the Nigeria Labour Congress (NLC), said the union will not negotiate a ”starvation wage”. On June 4, …