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Wema Bank Plc

Court acquits NAF officer of corruptly receiving contractor’s N166 million gift

The High Court of the Federal Capital Territory in Apo, Abuja, has discharged and acquitted a former Chief of Training and Operations of the Nigerian Air Force, Air Vice Marshal Olutayo Oguntoyinbo, of the offence of corruptly accepting N166m gift from a contractor with NAF.
Nigerian Stock Exchange NSE

Stock market records highest gain in three months

The nation’s stock market recorded its highest gain since February 12 last week as the market capitalisation of equities rose by N1.874tn following the listing of MTN Nigeria Communications Plc on the Nigerian Stock Exchange.

Wema Bank resumes dividend payment, declares N1.16 million payout

Wema Bank Plc has declared N1.16 million dividend, translating to N0.03 per share for its shareholders, for the year ended December 31, 2018, after 15 years of non-dividend payment.

Banks partner Mojec on prepaid meters

Mojec Meter Assets Management Company, a subsidiary of Mojec International Limited, has announced a partnership with some banks to provide retail financing for the rollout of prepaid meters to its customers within the coverage area of its partner distribution companies (DISCOs) across the country.

Hackaholics: Wema Bank earmarks $10,000 prize

Wema Bank Plc says it has earmarked 10,000 dollars for the winning solutions that will boost the use of innovative technologies in the finance and other sectors.
Nigerian Stock Exchange NSE

Stock investors suffer N196 billion losses amid sell-off

Investors in the nation’s stock market lost N196bn on Monday as equities listed on the Nigerian Stock Exchange declined following the sudden postponement of the general elections.

Ex-Oyo deputy speaker denies ever receiving cars from Rashidi Ladoja

Former Deputy Speaker of the Oyo State House of Assembly, Hon. Titilola Ademola Dauda, yesterday at a Federal High Court sitting in Lagos South West Nigeria that former Governor of Oyo State Rashidi Ladoja did not buy any vehicle for him and 13 other loyal lawmakers in 2005 to escape impeachment.

NSE sanctions eight banks with N102 million fines

The Nigerian Stock Exchange has sanctioned eight banks with fines totalling N102.7m for failing to file their financial statements at the regulatory date.

Wema Bank: 13,000 people saved N7 billion through ALAT Goals

Wema Bank Plc has stated that its first fully digital bank ALAT Goals launched a year ago has helped 13,267 people save over N7 billion with an average monthly savings of N1 billion.

Pastor jailed two years for N.98 million fraud

A magistrate court in Lagos has convicted and sentenced a 58-year-old man, Abel Olukayode, to four years and six months for defrauding WEMA Bank of N984,000.

Stock market year-to-date decline worsens to 7.4 percent on weak investor appetite

The year-to-date decline of the Nigerian Stock Exchange (NSE) All-Share Index worsened to 7.4 per cent yesterday as the stock market maintained a downward trend.

Equities market opens week bullish on bargain hunting

The Nigerian equities market opened the week on a positive note as the Nigerian Stock Exchange (NSE) All Share Index rose by 0.30 per cent to 36,711.96. This was just as bargain hunting entered its second day.
Nigeria Stock Exchange

Equities market declines further on sustained bearish trading

The equities market remained bearish as the new week commenced yesterday with the Nigerian Stock Exchange (NSE) All-Share Index (ASI) declined 0.34 per cent to 37,266.86.
There was large early turnout of voters in Ado-Ekiti capital city, as electorate already trooped out enmasse as early as 6.00am trekking long distances to get to their polling units.

Ekiti goes to poll as electorate decide fate of 35 candidates

The people of Ekiti State will on Saturday queue behind their candidates for the governorship election scheduled to replace the incumbent Ayodele Fayose, whose tenure will end in November.
Ademola Adebise

Wema Bank appoints new chief executive as Segun Oloketuyi retires

Wema Bank Plc. has appointed Ademola Adebise as its chief executive officer after the retirement of Segun Oloketuyi.

Ekiti guber: INEC declares ex-deputy governor as PANDEL candidate

A former Group Managing Director of Wema Bank Plc and former Deputy Governor of Ekiti State, Adebisi Omoyeni, has been declared as the candidate of the People Alliance for National Development and Liberty Party for the July 14, 2018 governorship election in Ekiti State.

ICPC: Trial of ex-IGP Sunday Ehindero for alleged N64 billion fraud to resume

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) says it is set to resume prosecution of former Inspector-General of Police (I-G), Sunday Ehindero, for alleged N16 billion fraud.

Ekiti guber: SDP adopts ex-deputy governor as consensus candidate

As part of the ways to ward off internal crisis in the Social Democratic Party (SDP) that is fast becoming a potent force in Ekiti State, leadership of the party have adopted former Deputy Governor, Mr. Bisi Omoyeni as the consensus candidate of the party for the July 14 governorship election.

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[FILE] US President Donald Trump chairs a Cabinet meeting at the White House in Washington, DC, on January 2, 2019. – President Donald Trump warned Wednesday the US federal government may not reopen any time soon, as he stood firm on his demand for billions of dollars in funding for a border wall with Mexico.Addressing a cabinet meeting on the 12th day of the shutdown, Trump warned it “could be a long time” before the impasse is resolved.”It’s too important a subject to walk away from,” said the president, who was to meet later with Democratic and Republican lawmakers. (Photo by NICHOLAS KAMM / AFP)

Donald Trump: Federal Reserve ‘very, very destructive’ to economy

President Donald Trump said Monday the US central bank has been “very, very destructive” to the economy by raising interest rates too quickly.

Nigerian Breweries faces lawsuit by engineering firm over intellectual property

An Engineering firm, Evanpower Engineering Limited, has threatened to drag brewery giant, Nigerian Breweries to court over alleged usage of its Intellectual Property without pay.

Maikanti Baru: NNPC will give full scholarship to late PENGASSAN president’s children

The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, has assured that two children of the late Union Leader, Mr Francis Johnson, will get full scholarship to study at any level of their choice.

Company executives denounce abortion restrictions in New York Times advertorial

Scores of technology, media and fashion executives took out a full-page advertisement in the New York Times on Monday denouncing restricting access to abortion and other reproductive healthcare.

Fire razes six shops in Kano market

Six temporary shops were burnt down at Kofar Ruwa Market (Kasuwar ‘Yan Rodi) in Kano on Sunday night as firefighters battled to curtail its spread.