By Taiye Olayemi Credit rating agencies, Fitch and GCR, have upgraded the ratings of Wema Bank, further underscoring its capacity for long-term sustainability within the African banking ecosystem. According to a statement by the bank on Thursday, theseContinue Reading
By Kadiri Abdulrahman TAJBank, Nigeria’s leading non-interest lender, has signed the completion agreement for the N20 billion second tranche of its N100 billion Mudarabah Sukuk bond programme. The Founder/Managing Director, of TAJBank, Mr Hamid Joda, made this known in a statement on Wednesday in Abuja Joda said that the latestContinue Reading
By Taiye Olayemi Access Bank has partnered with Bill & Melinda Gates Foundation and Microsave Consulting Global Consulting Pte Ltd. to improve financial services for low-income women in rural communities across the country. This initiative aims to empower women economically by providingContinue Reading
By Taiye Olayemi Coronation Merchant Bank increased its gross earnings by 58 per cent year-on-year, reaching ₦97.1 billion in 2024. This marks a rise from ₦61.58 billion recorded in 2023. At the 10th Annual General Meeting in Lagos on Tuesday, Chairman,Continue Reading
By Taiye Olayemi 12-year-old boy, Master Chiderije Mbah, winner of the Wema Bank One-Day Managing Director/ Chief Executive Officer (MD/CEO) Initiative, took over the reins of Wema Bank Plc on Tuesday, in commemoration of Children’s Day. The initiative is a celebration of potential, leadership and the boundless possibilitiesContinue Reading
By Olawunmi Ashafa Shareholders of Wema Bank have praised its financial performance for the 2024 financial year. They gave the commendation during the 2024 Annual General Meeting (AGM), held virtually in Lagos on Thursday. Wema Bank reported recordContinue Reading
By Taiye Olayemi Coronation Merchant Bank says it generated N12.26 billion for the year ended Dec. 31, 2024. This is a 363 per cent growth from its N2.65 billion generated in 2023. This is contained inContinue Reading
By Taiye Olayemi The Coronation Merchant Bank has been awarded three globally recognised certifications. These certifications are: ISO 27001 (Information Security Management), ISO 22301 (Business Continuity Management), and ISO 20000 (IT Service Management). Mr Paul Abiagam, Acting Managing Director of Coronation MerchantContinue Reading
By Taiye Olayemi The Securities and Exchange Commission (SEC) has stated that Crypto Bridge Exchange (CBEX) was never granted registration to operate as a digital assets exchange in Nigeria. Dr Emomotimi Agama, Director-General of the SEC, saidContinue Reading
By Ginika Okoye Banks have appealed to the government to grant tax incentives and breaks to financial institutions financing infrastructure and mining as done in other climes like China and Brazil. Mr Oliver Alawuba, the Chairman, Body of Banks’ Chief Executive Officers (CEOs), made the appeal at the 36th SeminarContinue Reading
