By Ayomide Otitoju Wema Bank has reported an increase in its foreign exchange revaluation income, rising to N14.53 billion at the end of 2024 from N13.60 billion in 2023, marking a 6.78 per cent growth. This was disclosed in the bank’s unaudited financial statement for the fourth quarter of 2024, filed with the Nigerian Exchange…
By Ayomide Otitoju Coca-Cola Nigeria Limited has inaugurated a packaging collection hub in Apapa, Lagos, as part of its efforts to enhance plastic waste recycling and promote a circular economy. The facility, developed in partnership with Nigerian Bottling Company, is designed to process up to 13,000 metric tonnes of plastic bottles annually. This initiative aligns…
By Ayomide Otitoju A scholarship from OPay, a leading financial institution, has enabled Ayuba Bello, a student at Ahmadu Bello University (ABU), to achieve his dream of higher education while saving his family’s farmland from being sold. In a statement on Sunday, OPay highlighted its commitment to transforming lives through its scholarship program, which not…
By Ayomide Otitoju Afrobeats superstar David Adeleke, popularly known as Davido, has congratulated his colleague Tems for winning the “Best African Music Performance” category at the 67th Grammy Awards. Tems clinched the award with her hit song Love Me Jeje, marking her second Grammy win. She previously won for her contribution to Future’s chart-topping single…
By Ayomide Otitoju Nigerian music star Temilade Openiyi, popularly known as Tems, has received accolades from Afrobeats sensation Davido and former Labour Party presidential candidate Peter Obi following her win at the 67th Grammy Awards on Monday. Tems clinched the Best African Music Performance award for her hit song Love Me Jeje, beating strong competition…
By Ayomide Otitoju Nigeria’s fourth mobile network operator, 9mobile, continues to suffer a sharp decline in its subscriber base, with 6,079 customers porting out of its network between November and December 2024, according to the Nigerian Communications Commission (NCC). The NCC disclosed this in its Incoming and Outgoing Porting Activities of Mobile Network Operators report,…
By Ayomide Otitoju The 67th Annual Grammyconcluded with a night of dazzling performances and historic wins, recognizing the industry’s most outstanding talents. Among the prestigious “Big Four” categories, Chappell Roan was crowned Best New Artist, while Kendrick Lamar took home both Record of the Year and Song of the Year for his hit “Not Like…
By Ayomide Otitoju Wema Bank, Nigeria’s pioneer in digital banking and the force behind Africa’s first fully digital bank, ALAT, has officially unveiled the identity for its upcoming 80th anniversary celebration set for Friday, May 2, 2025. Marking eight decades of resilience, transformation, and innovation, the anniversary will highlight Wema Bank’s journey from being Nigeria’s…
By Ayomide Otitoju The Stanbic IBTC Purchasing Managers’ Index™ (PMI®) recorded 52.0 in January, slightly down from 52.7 in December, but still signaling a second consecutive month of improvement in business conditions. Growth was recorded in three of the four monitored sectors, with wholesale and retail being the exception. Moderating Inflation and Sectoral OutlookAccording to…
