Business
No news is spared in the business world
Naira strengthens across official, parallel markets
The naira appreciated against the dollar on Tuesday, extending its positive momentum from the beginning of the week. At the Nigerian Autonomous Foreign...
AI to inject $15.7trn into global economy by 2030, opens pathway for Nigeria’s growth — Report
Artificial Intelligence (AI) is expected to contribute a staggering $15.7 trillion to the global economy by 2030, and Nigeria stands to gain significantly...
Wema Bank wins ‘Commercial Bank of the Year’ at 2025 Nairametrics Capital Market Awards
Wema Bank, Nigeria’s most innovative bank and pioneer of Africa’s first fully digital bank, ALAT, has been announced as the winner of the...
Tony Elumelu raises stake in UBA, acquires additional N1.5bn share
Mr. Tony Elumelu, Chairman of United Bank for Africa (UBA) Plc, has acquired over 45 million shares in the financial institution. Mr. Bili...
$21.5bn loan request, Nigeria’s external borrowing plan for 2024-2026 — FG
The Federal Government has clarified that Tuesday’s $21.5 billion communication by President Bola Tinubu to the National Assembly was a formal request for...
Wema Bank MD/CEO donates 1-day salary to winner of Wema 1-day MD/CEO initiative for children’s day
In a thoughtful demonstration of support and encouragement, Moruf Oseni, the MD/CEO of Wema Bank, Nigeria’s oldest indigenous bank, most innovative and pioneer...
Banks deposit N2.5trn in CBN via standing deposit facility amid tight liquidity conditions
Banks in Nigeria have deposited a total of N2.5 trillion with the Central Bank of Nigeria (CBN) through the Standing Deposit Facility (SDF),...
Top Nigerian banks post record 46.4 per cent profit growth to N4.1trn in 2024 amid economic pressures
Despite an increasingly challenging economic climate, Nigeria’s five leading banks, First Holdco Plc, United Bank for Africa (UBA) Plc, Guaranty Trust Holding Company...
Shareholders commend Wema Bank at 2024 Annual General Meeting
…Express confidence in stable future following FY 2024 Financial Performance Reinforcing its position as one of Nigeria’s most profitable financial institutions, Wema Bank,...
CBN dismisses claims on Fidelity Bank bankruptcy
The Central Bank of Nigeria has dismissed bankruptcy claims making the rounds on social media about a Nigerian bank, Fidelity. In a statement...
