By Rukayat Adeyemi Wema Bank has concluded the first tranche of its recapitalisation exercise, having secured all relevant regulatory approvals for the allotment of its N40 billion rights issue. Its Managing Director, Mr Moruf Oseni, disclosed this in a statement made available in Lagos. Oseni said as a forward-thinking and pioneering
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Afreximbank, First Bank sign $200m facility agreement to finance clients’ needs
By Okeoghene Akubuike Afreximbank and First Bank of Nigeria(FBN) have signed a 200 million dollar facility agreement for financing the needs of FBN’s numerous clients. The News Agency of Nigeria (NAN) reports that the signing took place at the ongoing 31st Afreximbank Annual Meetings (AAM2024) in Nassau, The Bahamas, on Friday. The me
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First Bank partners IWS to empower 250 widows
By Rukayat Adeyemi First Bank of Nigeria has partnered with the International Women’s Society (IWS) to empower over 250 widows, in commemoration of the 2024 International Widows’ Day. The News Agency of Nigeria (NAN) reports that beneficiaries at the event, tagged “IWS Widows Feast and Empowerment Programme”, receive
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Business network ‘ll bridge employment gap for people with disabilities – Chair
By Grace Alegba The Nigeria Business and Disability Network (NBDN) says it plans to launch an app designed to connect People With Disabilities (PWD) with potential employers. Omobolanle Victor-Laniyan, Chairperson of NBDN and Head of Sustainability at Access Corporation, unveiled this initiative during the NBDN 2024 Annual Diversity and Inclusion C
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Why traditional institutions better suited for resolving conflicts – Etsu Nupe
Traditional institutions have more potential for conflict resolution than conventional agencies, considering their proximity to the people and their veneration in the society. The Etsu Nupe, Alhaji Yahaya Abubakar, made the assertion on Wednesday in Lagos. The Etsu Nupe, also the Chairman, Niger State Council of Traditional Rulers, delivered a lect
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UWGN, Creative Colony, educate students on transforming trash to art
By Oluwafunke Ishola An NGO, United Way Greater Nigeria (UWGN), in collaboration with Creative Colony, has trained students in Lagos schools on transforming discarded plastics into art. Ms ‘Deola Durodola, Executive Director, UWGN, at the completion of the three-day initiative on Friday in Lagos, said the project was aimed at promoting recyc
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FCCPC engages market leaders on rising food prices
Investigation By Yusuf Yunus Lagos, May 29, 2024 (NAN)The Federal Competition and Consumer Protection Commission (FCCPC) on Wednesday engaged market leaders and traders in Lagos to investigate the persistent increase in food prices across markets. Mrs Suzie Onwuka, Head, Lagos Office of FCCPC, revealed the reasons for meeting with market lea
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Wema Bank set to meet CBN’s recapitalisation deadline- MD
By Rukayat Adeyemi Wema Bank, on Tuesday, said it is set to raise N200 billion capital within the 24-month timeline issued by the Central Bank of Nigeria (CBN). Mr Moruf Oseni, Wema Bank Managing Director/Chief Executive Officer, said this at the 2023 Annual General Meeting (AGM) of the bank in Lagos. Oseni said that the […]
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2-day justice reform summit opens in Lagos as Sanwo-Olu seeks robust system
By Adenike Ayodele Lagos State Gov. Babajide Sanwo-Olu has called for innovative thinking and a robust legal system to transform Lagos into a global economic hub. Sanwo-Olu made the call on Monday at the Lagos Justice Reform Summit with the theme: “Enhancing the Administration of Justice For Economic Growth, Investment Protection and Securit
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NAPTIP, ICMPD engage stakeholders on schools anti-trafficking advocacy
By Yetunde Fatungase The National Agency for the Prohibition of Trafficking in Persons (NAPTIP) and the International Centre for Migration Policy Development (ICMPD) have engaged stakeholders on how to stop human trafficking among school children. Speaking at a stakeholders’ workshop on Friday, Mojisola Sodeinde, Head of West Africa Region,
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