Wema Bank Plc has said it recorded N39.35bn gross earnings in the first quarter of the 2023 financial period.
This was a year-on-year increase of 35.04 per cent from N29.14bn recorded in the corresponding period of 2022.
It disclosed this in a statement on its unaudited results for the first quarter ended March 30, 2023.
It disclosed that its interest income rose by 31.73 per cent y/y to N33.63bn…
A statement said Dangote who was represented by the Group Executive Director/Group Chief Risk Officer, Dangote Industries Limited, Dr. Adenike Fajemirokun, said this while speaking in Lagos at the launch of a special publication ‘The world ahead 2023’ by The Economist…
With rising concerns around the seeming disappearance of newly redesigned notes, the Central Bank of Nigeria has said it is supplying more quantities of the new notes to banks.
This was according to a statement by the CBN’s Acting Director, Corporate Communications, Dr Isa…
I am excited to announce the first set of electric buses in the Lagos Mass Transit Master Plan as part of our increased effort to modernise every sector of Lagos. Thanks to our partnership with @Oando_PLC, Lagosians can expect a cleaner and greener public transportation system.
With the ability to travel 280km at full charge, taking into account our unique travel times in Lagos, our electric…
The World Intellectual Property Organisation and United Nations Development Programme in collaboration with the Nest Innovation Hub, have stated that a robust Intellectual Property system will boost creativity, innovation and sustainable development.
The agencies stated this…
The contractor missed the April completion date for the Lagos-Ibadan Expressway
May 1, 2023
The Federal Government has again postponed the reopening of the Lagos-Ibadan Expressway, saying the April 30 date earlier stated will no longer be feasible.
The Minister of Works and Housing, Mr Babatunde Fashola, who dropped the hint, said the development was due to heavy…
The Federal Government is reportedly set to proceed with its implementation of a five per cent excise duty tax on mobile telephone services, fixed telephone, and Internet services.
This is despite a recent communication by the Minister of Communications and Digital Economy, Isa Pantami, that the government has exempted the telecoms sector from excise duty tax.
In September last year, the Federal…
Developers in the real estate sector have accused the government of prioritising revenue generation over the implementation of policies.
The Chief Executive Officer of Darryl Homes Nigeria Limited, Omotayo Odumade, said the government had turned the real estate industry into…
Serial investor and billionaire, Femi Otedola has exited his stake in Transcorp Plc, Nairametrics can confirm.
Otedola had acquired a 6% stake in Transcorp over a series of carefully orchestrated purchases going almost unnoticed until the acquisition was announced.
The National Economic Council, on Thursday, in Abuja, said it has agreed that petrol subsidy should “not be removed” as earlier planned for June 2023.
The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, disclosed this to State House correspondents shortly after the valedictory Council meeting presided over by Vice President Yemi Osinbajo at the Council Chambers of the…