Business

The National Bureau of Statistics (NBS) has revealed that active subscriptions for voice telecommunications services in Nigeria rose to 224.7 million in the fourth quarter of 2023. According to NBS, this shows an increase of 0.96per cent compared to the 222.5 million reported in the fourth quarter of 2022. This is contained in the NBS Telecoms Data: Active Voice and…

The Central Bank of Nigeria (CBN) has sold an impressive N1.58 trillion in its latest Treasury Bills auction as the apex bank continues its ongoing effort to manage liquidity in the financial system. The auction, held on the 21st of February, attracted substantial interest from investors, with the CBN setting stop rates as high as 19per cent. The auction was…

NGX Regulation Limited (NGX RegCo) and the Institute of Chartered Accountants of Nigeria (ICAN) have collaborated on a corporate governance workshop to boost the knowledge of capital market stakeholders on the role of the audit committee. At the workshop, which was held at the Exchange Group House in Lagos recently, investors and other stakeholders gathered to learn more about the…

In a momentous move to empower Nigerian youths and foster economic growth, Wema Bank Plc, has joined forces with the National Youth Service Corps (NYSC) to launch the NYSC-ALAT Accelerator Programme; a strategic partnership to enable smooth and profitable entry into the labour market for young Nigerians through the Corps. The NYSC-ALAT Accelerator Programme is an initiative targeted at equipping…

The Nigeria equities market nudged slightly lower yesterday reversing some of the gains of prior day’s session as the overall market capitalisation lost N67 billion. The All Share Index (ASI) declined by 123.28 points, representing a loss of 0.12 per cent to close at 101,239.10 points. Also, market capitalisation depreciated by N67 billion to close at N55.397 trillion. The downtrend…

Wema Bank Plc has delivered an impressive Valentine gift to its customers across the country, rewarding them with a N9 million cash prize in the 7th monthly draw of the Wema Bank 5 for 5 Promo Season 3, which held in Enugu on February 14, 2024.  The Valentine’s Day draw awarded N1,000,000 each to Mr. Okoye Ebube Solomon, a resident…

The Federal Government has banned the exportation of Liquefied Petroleum Gas (LPG) also known as cooking gas in order to increase the volume of supply and crash the prices across the country. This was made known to journalists by the Minister of Petroleum (Gas), Ekperikpe Ekpo, at the ‘Internal Stakeholders’ workshop on Thursday in Abuja. The minister who spoke at…

In a resounding commencement of the year 2024, Wema Bank Plc said it has disbursed a total of N8million in cash rewards to 116 fortunate customers in the 6th monthly draw of the Wema Bank 5 for 5 Promo Season 3. The live draw, which held at the Oba Adesida branch of the bank in Akure, Ondo State, on Friday,…

Wema Bank Plc has extended condolences to the Board, Management, and Staff of Access Holdings PLC, owners of Access Bank, over the tragic and untimely death of their group Chief Executive Officer, Mr. Herbert Wigwe. Wigwe, his wife, Son, and Mr. Bimbola Ogunbanjo, a former Group chairman of Nigeria Exchange Group (NGX Group), lost their lives in a helicopter crash…

Bayobab, a pan-African digital connectivity solutions provider, has partnered with MTN Nigeria to land a 45,000km subsea cable in Nigeria. Known as ‘2Africa,’ the cable landing station is at Mopo-Onibeju Lekki area of Lagos. 2Africa is said to be the longest under-water cable in the world, passing through three continents and 33 countries, several of which are in Africa; expanding…