Wema Bank Plc has said its gross earnings rose by 42.3 per cent to N131.08bn as of the end of 2022 financial period from N92.14bn in the corresponding period of 2021.
It revealed this in a statement on its audited financial results for the period ended December 31, 2022.
The statement said, “The results which showed positive fundamentals across board, revealed a growth of 44.7 per cent year on…
According to the World Bank, the Nigerian diaspora transferred $168 billion in eight years.
April 25, 2023
The Nigerian Diaspora community has remitted $168.33bn to the country in the past eight years, according to World Bank reports collated by our correspondents.
This is as foreign investments inflow into the country fluctuated in the period under review and caused a scarcity…
Moyosoreoluwa Dada, a final year of the University of Lagos, has been crowned the overall winner of the ‘EY Young Tax Professional of the Year 2023’ competition.
A statement said she led nine other finalists to come tops in a fiercely contested competition, at the just…
Women are less likely than men to use mobile money services, GSMA has stated.
According to the global body of telecommunication firms, the reason for this includes not owning a mobile phone, not being aware of mobile money, not perceiving the relevance of mobile money, and having low literacy and digital and financial skills.
In its ‘The State of the Industry Report on Mobile Money (2023)’, it…
Beerkathon, a tech initiative aimed at encouraging inclusion in the tech industry produced three winners at an awards ceremony organised by BeerTech Africa, the tech arm of International Breweries Plc, a member of AB InBev, a global beer maker.
A statement said the event…
Airtel Nigeria has partnered with AXA Mansard to launch a digital health insurance scheme to provide access to basic health care consultation and minor treatment for customers on the telco’s network.
The telco explained that the health bundle will give its customers the…
Touch and Pay Technologies, a fintech company, has announced that passengers can now pay for interstate travel from Lagos using a mobile app.
According to the firm, using its Cowry app, passengers can now pay formal and informal interstate travel operators within the city.
It explained that the interstate booking function on its app automates the payment and allocation of seats for passengers.
It…
The Nigerian Institution of Structural Engineers has recommended a forensic investigation into the building collapse that occurred at Close 102, 1st Avenue, Banana Island, Lagos.
A report titled “Preliminary Report of the Building Collapse at Close 102, 1st Avenue…
Nigeria’s borrowing from the World Bank has risen by 121.46 per cent under the regime of the President, Major General Muhammadu Buhari (retd.)
The total debt owed to the World Bank Group by Nigeria rose by $7.64bn (N3.52tn, using the exchange rate of the Central Bank of…