Wema Bank Releases Q3 2024 Unaudited Results, Reports PBT of ₦60.62billion
Written by Kunle Awosika
01 November, 2024
Wema 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.
Polaris Bank trains more than 5,000 journalists pan-Nigeria in 10 years
Written by Kunle Awosika
25 October, 2024
Polaris Bank Limited, Nigeria’s leading digital retail commercial bank, has empowered more than 5,000 journalists across the country through its yearly media capacity building workshops in the last 10 years.
Banking Bonanza: UBA Dominates African Banking Landscape, Keeps Shareholders Smiling With Whopping 300% Dividend Increase
Written by Kunle Awosika
30 September, 2024
Africa’s Global Bank, United Bank for Africa (UBA) Plc has released its audited financial results for the half year ended June 30, 2024, showing impressive performance across some key financial indicators.
Old English Supermarket Opens in Ibadan, Expands South-West Presence
Written by Kunle Awosika
28 September, 2024
OldEnglish Superstores & Bakery has officially opened a new outlet in Bodija, Ibadan, further extending its reach across South-West Nigeria.
As UBA Plc Prepares For Recapitalization BY FUNSHO AROGUNDADE
Written by Kunle Awosika
23 September, 2024
For the United Bank for Africa (UBA Plc), its rich history is matchless. With its origins dating back to 1949, the bank which prides itself aa Africa's global bank has carved its niche as a leading financial institution in sub-Saharan Africa, growing into one of the continent’s most influential banks.
TY Danjuma Buys Jite Okoloko’s Fertiliser Company, Notore, For $150m
Written by Kunle Awosika
30 August, 2024
Thomas Etuh, founder of Tak Agro, in partnership with Theophilus Danjuma’s TY Holdings, has acquired Notore Chemical Industries Plc in Onne, Rivers State, for $150 million, BusinessDay has learnt.
Cloud Computing: Key Security and Privacy Issues of Cloud Services By Bukunmi Ofili
Written by Kunle Awosika
30 August, 2024
Cloud computing is the delivery of computing services such as servers, storage, databases, networking, software, and analytics, over the Internet i.e. the cloud. Cloud computing allows the on-demand delivery of IT resources over the internet with pay-as-you-go pricing allowing you to pay for just what you use which is often considered a better option to buying and maintaining the physical infrastructures yourself.
Lotus Bank's N1.13 Billion Nightmare Leaves Customers in a Tailspin over Security Measures Amid Financial Catastrophe!
Written by Kunle Awosika
30 August, 2024
In a shocking twist that has sent ripples through the financial sector, Lotus Bank has reported a staggering loss of N1,134,491,604.31 due to a major system glitch that allowed customers to execute transfers without proper debit instructions on their accounts.
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