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
By Taiye Olayemi Wema Bank has recorded a profit before tax of N102.51 billion in 2024 financial year, representing an increase of 135 per cent when compared to the N43.59 billion recorded in 2023. The bank has proposed a dividend of N1.00 per share following its strongContinue Reading
By Taiye Olayemi Wema Bank says it aims to further stimulate entrepreneurship, attract investment, and accelerate Nigeria’s economic development by fostering a thriving technology ecosystem that complements the creative economy. Executive Director, Retail and Digital Business, Wema Bank, Mr Tunde Mabawonku, disclosed this at a news conference onContinue Reading
By Taiye Olayemi Gov. Babajide Sanwo-Olu of Lagos State on Wednesday approved the construction of First Bank’s 43-storey building headquarters within the Eko Atlantic City. Sanwo-Olu, while presenting the certificate of approval to First Bank, commended the effort of the management of the bank toward sustainingContinue Reading
ATM By Grace Alegba The Central Bank of Nigeria (CBN) says it has eliminated the three free monthly withdrawals transaction fees for cudtomers using other banks’ Automated Teller Machine (ATMs) from March 1. The apex bank disclosed this on Tuesday in a circular posted on its website, addressed to allContinue Reading
By Rukayat Adeyemi Managing Director, Wema Bank, Mr Moruf Oseni, on Wednesday disclosed the bank’s plan to raise N200 billion in fresh capital to complete its capital raise exercise. Oseni, who made this known in a statement in Lagos, said that the fresh capital would be raised through a combinationContinue Reading
