Company Report
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Despite challenges, Wema Bank reports 108.7% increase in profit to N12.4bn
On the heels of domestic and foreign economy challenges, Wema Bank Plc on Thursday announced 108.7 per cent increase in profit before tax to N12.4billion in 2021 financial year ended December 31, 2021 from N5.9billion reported in 2020 financial year statements. The lender on the Nigerian Exchange Limited (NGX) grew profit for the year by 95 per cent to N8.9…
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Investdata holds master class on opportunities in volatile market Saturday
Investdata Consulting Limited will on Saturday hold its regular quarterly master class titled: “Trading Opportunities in a Volatile Market and Defensive Sectors in a Pre-election Year”, between 9am and 4pm, via Zoom. A statement by the organisers said the master class will feature facilitators like Alhaji Garba Kurfi, Managing Director/Chief Executive of APT Securities & Funds Limited; Mr. Abdul-Rasheed Oshoma…
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Human rights lawyer drags FAAN procurement manager, others to court
A renowned Human Rights crusader, Barrister Benjamin Barnes Arekameh has dragged the General Mamager, Procurement of the Federal Airport Authority of Nigeria (FAAN), Mrs. Monica Alphonse, and the Personal Assistant on Procurement to the Minister of Aviation, Mr. Othman Abubakar Lawal to court for allegedly violating the Public Procurement Act. In a court summon FHL/L/CS/586/22, made available to our correspondent…
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Fidelity Bank To Help Entrepreneurs Explore US Market
Leading financial institution, Fidelity Bank Plc, is set to host a workshop for businesses looking to scale and expand their reach into new international markets. The training, which is scheduled for Wednesday, 6 April, 2022 in Aba, Abia State, is being put together in collaboration with Export & Sell Limited -a trade enabling platform that facilitates the listing of Nigerian…
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AMCON to collaborate with BRIPAN on business recovery, insolvency
Business Recovery and Insolvency Practitioners Association of Nigeria (BRIPAN) has pledged to partner with the Asset Management Corporation of Nigeria (AMCON) to advance the tenets of insolvency and business recovery practice in Nigeria. Mr Ayodele Akintunde, SAN, the President of BRIPAN who led a delegation of the executives of the association on a business visit to the Managing Director/CEO of…
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Equities market drops by 0.15% to begin week on investors’ profit-taking
The Nigerian equities market yesterday commenced trading for the week on decline as the market lost 0.15 per cent on profit-taking in 18 stocks. The All-Share Index decreased by 70.37 absolute points, representing a dip of 0.15 per cent to close at 46,893.86 points. Similarly, the market capitalisation lost N38 billion to close at N25.273 trillion. The downtrend was impacted…
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NGX regulation committed to fostering good corporate governance in Nigeria- Awe
The Corporate Governance Triangle has been described as a laudable initiative that marks another milestone in the extensive efforts amongst key stakeholders to enhance corporate governance and compliance best practice across industries in Nigeria. The Chief Executive Officer of NGX Regulation Limited, Ms. Tinuade Awe, stated this at the launch of Corporate Governance Triangle on Tuesday, 22 March, in Lagos.…
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ALAT launches new Sara by Wema website To support women in Nigeria
In line with one of its goals to celebrate women by creating opportunities that help them achieve success in their personal lives and chosen fields, ALAT by Wema has announced the launch of its new Sara by Wema website which went live on March 10, 2022. In 2019, the bank launched its women’s proposition – Sara By Wema – at…
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Investors to earn over N780bn from proposed 2021 dividends
Following recent proposed dividends from companies listed on Nigerian Exchange Limited (NGX), investors are set to earn over N780 billion for the year 2021. So far, 16 companies across seven sectors namely; Consumer goods, Financial services, Industrial goods, Oil and Gas, Services, Healthcare and IT, have paid out a total of N782.192 billion as final dividend payout for the year ended…
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Do more to bring females to the table- NDIC Chair charges women in leadership
The Board Chairman of the Nigeria Deposit Insurance Corporation (NDIC), Mrs Ronke Sokefun has stressed the need for women in leadership positions to encourage more women to join the table to ensure the number of women in management positions keep growing and consequently ensure its sustainability. Sokefun made the call in her keynote address at the NDIC’s commemoration of the…
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