Wema Bank Nigeria (“Wema” or “the Bank”)) has released its unaudited Consolidated Financial Statements for the period ended September 30th 2024, to the Nigeria Exchange Group (NGX). The Bank reported profit before tax of ₦60.62bn, representing an increase of 174% over the ₦22.13bn recorded in the corresponding period in 2023. Wema Bank’s balance sheet remained well structured with total assets growing by 38% to ₦3,084.27 trillion in Q3 2024 from ₦2,240.06trillion in FY 2023. The bank also grew its deposit base year to date by 23% to ₦2,292.30bn from ₦1,860.57bn reported in FY 2023. Loans and Advances grew by 25%…
Author: Oluwatoyin Mathnuel
Adron Homes and Properties, a leading real estate company, reaffirms its dedication to corporate social responsibility (CSR) through its fourth annual Breast Cancer Awareness and Screening Initiative, led by Vice Chairman, Olori Aderonke Emmanuelking. Held at the company’s head office in Omole, Lagos, in partnership with Pink Clinic, the event commemorated World Breast Cancer Month 2024. The program offered free screenings, educational workshops, and preventive health guidance to hundreds of attendees, empowering them to prioritize their health Opening the event, Olori Aderonke Emmanuelking shared a message of solidarity for those affected by breast cancer, highlighting the importance of community support.…
The State Commandant, Nigeria Security and Civil Defence Corps ( NSCDC ), Lagos State Command, Mr Adedotun Keshinro on Wednesday, 30th October, 2024, officially, decorated, the newly, promoted, senior and junior officers in a colourful ceremony, at the State Command Headquarters, in Alahusa, Ikeja. The number of senior officers promoted, in the state command amount up to two hundred and eighty ( 280 ), while the number of junior officers promoted, equal one hundred and thirty one ( 131 ). At the decoration ceremony today, Wednesday, in Lagos State Command the following officers were decorated, to their new ranks; Assistant…
In continuation of its state-wide campaign for environmental cleanliness, the Lagos Waste Management Authority , LAWMA, has taken its motorized advocacy campaign, tagged “ War on Waste” to Dopemu-Iyana Ipaja axis, primarily to inspire attitude change among the residents. It comes on the heels of a similar road show, held along Lekki Toll Gate, Jakande and Ajah area of Eti-Osa Local Government of the state. Speaking at Dopemu Roundabout by Santos Estate, Akowonjo Road, Egbeda, the Managing Director/ CEO of LAWMA, Dr. Muyiwa Gbadegesin, represented by the director of advocacy unit, Mr. Adewumi Adetona, noted that the campaign theme, “War…
As part of its commitment to sustainable finance and taking active steps towards reducing its carbon footprint, FirstBank has joined the Partnership for Carbon Accounting Financials (PCAF) to promote sustainable finance, combat climate change and advance sustainable socioeconomic development for the just transition. PCAF is a collaboration between financial institutions worldwide to enable harmonised assessments and disclosures of greenhouse gas (GHG) emissions from loans and investments. With more than 530 financial institutions from six continents, the group is rapidly expanding in North America, Latin America, Europe, Africa and Asia-Pacific. Joining PCAF aligns with FirstBank’s broader climate agenda, reinforcing its efforts…
The National Youth Council of Nigeria (NYCN), Lagos Chapter, has recognized the Federal Road Safety Corps (FRSC), Lagos State for its outstanding contributions to road safety and community development in Lagos State. During a recent courtesy visit to the Lagos Sector Commander, Corps Commander Kehinde G. Hamzat, the NYCN delegation, led by Lagos State President, Engineer Adigun, praised the FRSC’s dedicated efforts in promoting safer roads and fostering a culture of responsible driving in the state. Engineer Adigun highlighted the impact of the FRSC’s initiatives on enhancing public safety, particularly among the youth, noting that the Corps’ presence has significantly…
By Adeosun Olashile There is a popular saying; ‘’What an elder sees sitting down, a child will not see it even if he stands on an Iroko tree” was indeed coined for a season like this when political actors have begun to thrash prophecies and insist on doing things their own way. Primate Ayodele, a renowned prophet and the Leader of INRI Evangelical Spiritual Church had warned the Osun state chapter of the All Progressive Congress (APC) sometime last week to work with former governor, Rauf Aregbesola if they want to win the governorship election of 2026. Primate Ayodele told…
In a bold step towards empowering Nigeria’s small and medium enterprises (SMEs), Wema Bank has launched the Wema Export Trade Academy, a groundbreaking initiative designed to enhance the global trade capabilities of local businesses. This forward-thinking program demonstrates Wema Bank’s commitment to empowering Nigerian businesses and supporting their international growth potential.Navigating the complex landscape of export trade involves overcoming regulatory, financial, and logistical hurdles, which can often hinder small businesses from establishing a foothold, the Wema Export Trade Academy is designed as a solution to these challenges faced by Nigerian SMEs when entering international markets. The Academy specifically structured to…
Polaris Bank, Nigeria’s leading digital retail commercial bank, again at the weekend proved its digital dominance in the Nigerian banking industry, winning the most-coveted award as the best in digital banking and the entire ecosystem for micro, small and medium enterprises (MSMEs). At the Banks and Other Financial Institutions Awards (BAFI Awards), financial industry’s prestigious awards, Polaris Bank’s trailblazing digital banking platform, VULTe was adjudged the best as “Digital Bank of the Year”, for the fourth consecutive year. Polaris Bank was also awarded “Best Bank for MSMEs of the Year”, for the third consecutive year, underlining the bank’s well-known competitive…
All is now set for the Online Reporters Association Nigeria 4th Anniversary & Lecture scheduled to hold on Thursday, 14th November 2024 at the Conference Room of Lagos State Ministry Of Information Secretariat, Alausa Ikeja, Lagos. Expected guests at the anniversary and lecture are, Honourable Commissioner For Information & Strategy, Mr Gbenga Omotoso, Permanent Secretary Ministry Of Information & Strategy, Mr Michael Olumide Sogunle, Assistant Inspector General of Police, Zone 2 Police Zonal Command, Onikan Lagos State, AIG Adegoke Fayoade and Mr Solanke Olamide Abdulfatah. On the preparedness and readiness put in place for the anniversary, and also the importance…