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Business

Oseni takes over as MD/CEO of Wema Bank

Wema Bank Plc has announced the appointment of Moruf Oseni as the substantive Managing Director and Chief Executive Officer of the lender, effective April...
Business

Wema Bank, Seplat, Zenith Bank make stocks to watch list this week

The stock market resumes trading this week, with a focus on Wema Bank, Seplat and Zenith Bank on the exchange floor of the Nigerian...
Business

BUSINESS ROUNDUP: Wema Bank targets N25bn from private investors; Lagos to take over NITEL/MTEL property; other stories

Hello, and welcome to the Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital...
Business

Wema Bank to raise N25bn from private investors

Wema Bank has informed shareholders and the investing public that it plans to raise N25 billion from investors in a private bond issuance.The company...
Business

Seven banks spend over N173.99bn on staff in one year

Data show that seven Nigerian banks in 12 months committed over N173.99 billion on the salaries and wages of their staff.This amount is 19.21...
Business

Wema bank profit grows to N12.6bn in 2022

Wema Bank has reported a N12.6 billion profit in 2022, its highest profit in seven years.The full-year 2022 profit is also 41.7 percent increase...
Business

Four banks post strong earnings in FY 2022

Nigerian banks have posted strong performances in all measurement indices for the year ended 2022.The final year results which just trickled in seem very...
Business

Wema Bank appoints Oseni as MD/CEO to replace Adebise

Wema Bank has announced that its Managing Director and Chief Executive Officer, Ademola Adebise, will go on terminal leave, with Moruf Oseni taking over.Adebise’s...
Business

Wema Bank to support SMEs in renewable energy with N1bn loan

The bank said the support is in demonstration of its unwavering support for energy transition in Nigeria and to help businesses in the country...
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