Wema Bank is looking to investors to raise a N25 billion debt needed to scale its Small and Medium Enterprise (SME) business, which as of 2021 made up less than 2 per cent of its capital. “The Bonds are being issued privately to targeted investors and will not be listed on any Security Exchange,” the…
Lafarge Africa Plc., a leading Sub-Saharan Africa Building Solutions Company and member of Holcim, the global leader in innovative and sustainable building solutions, today announced the commencement of the internationally renowned Holcim Awards for sustainable construction. The Holcim Awards recognises and promotes projects that combine sustainable designs and sustainable construction with architectural excellence is now open for entries. The Holcim…
Guaranty Trust Bank (GTBank) has denied giving N500 million new notes to any presidential candidate in Saturday’s election. A Twitter user, @ifygold21, had earlier tweeted that the bank gave the sum to a presidential candidate on Friday due to an order from President Muhammadu Buhari. The post was retweeted 6,442 times with 14,500 likes. But…
Banks under the aegis of the Association of Corporate Affairs Managers of Banks (ACAMB), have debunked the claim of shutting down services for the general elections slated for Saturday, February 25, 2023.Following the polls, there have been some trending messages suggesting that commercial banks will close its services. But in a statement on Wednesday, ACAMB…
Naira gained slightly against the United States dollar at the Investors and Exporters window on Wednesday , a day after it fell amidst scarcity of new naira notes in the country. Data posted on FMDQ website, where forex is officially traded, showed that the local currency closed at ₦461.50 per $1 on Wednesday, translating to…
By Ayomide Otitoju Elegance, luxury, and class are some of the unique qualities that top restaurants exude. The SRS Collection, a leading luxury hospitality brand in Lagos, launched its five-star restaurant, The GoodLife Restaurant, on February 12th, 2023. This restaurant, without a doubt, will be one of the most upscale waterfront dining spots in the…
Wema Bank Plc has said it plans to equip small and medium-scale enterprises in Enugu with adequate knowledge and skills to boost their businesses. The bank said in a statement that it would hold its maiden ‘Business Growth and Innovation Conference’ in Enugu, in partnership with the Enugu SME Center, the Enugu State Government’s SME…
Fidelity Bank Plc has announced the appointment of Pamela Shodipo as executive director of the south directorate after regulatory approval by the Central Bank of Nigeria. The bank said in a statement that Shodipo joined the board of Fidelity Bank with over 25 years of multifunctional and cross-border banking experience at leading financial institutions, covering…
Customers of MTN Nigeria were left stranded for some hours on Tuesday because they could not access communication services. According to observations, the communication blackout started in the afternoon and persisted for hours. Many MTN subscribers took to social media to lament this network downtime. Many complained about how their inability to call, text, or…
