Banking/Finance

  The Federal Bureau of Investigation has announced a $10,000 reward for information leading to the arrest and conviction of a Nigerian, Olumide Adebiyi Adediran, wanted in the United States for multiple fraud offences.   According to a statement on the FBI’s website on Wednesday, Adediran faces charges of bank ...

    The World Bank said seventeen African governments have committed to reforms and actionable plans to expand electricity access as part of Mission 300, an ambitious partnership led by the lender and the African Development Bank Group that aims to connect 300 million Africans to electricity by 2030.   ...

FirstBank partners Lagos for E1 Lagos GP In line with its commitments of promoting sports and developmental initiatives at all levels, First Bank of Nigeria Limited is partnering the organizers of the first of its kind E1 Lagos GP an all-electric powerboat racing championship, set to hold between the 3rd and ...

Wema Bank Concludes ₦150 Billion Rights Issue with CBN & SEC Approval, Surpasses Regulatory Capital Requirement Wema Bank Plc (“the Bank”) announces the successful completion of its ₦150 billion Rights Issue, which opened on April 14th,2025, and closed on May 21st,2025. The exercise has received formal approval from the Central ...

The Alternative Bank Targets Women, Men, and Farmers with National Financial Inclusion, Entrepreneurship Drive The Alternative Bank, one of Nigeria’s leading non-interest banks, has ramped up its efforts to promote economic empowerment and financial inclusion for market traders and smallholder farmers across the country. With a focus on improving access ...

    The Naira closed the week on a positive note, gaining 4.52 kobo against the U.S. dollar at the official market on Friday.   According to the latest figures from the Central Bank of Nigeria, the Naira traded at N1,534.72 per dollar.   The figure represents a modest gain ...

  Stock market investors traded 17.498 billion shares worth N500.762 billion in 142,082 transactions this week on the floor of the Nigerian Exchange.   This contrasts with 5.390 billion shares valued at N107.811 billion traded last week across 134,390 transactions.   As a result, the transaction value on the Exchange ...

  Wema Bank’s Digital Bank, ALAT, Emerges Nigeria’s Best Digital Bank at Euromoney Awards 202     In recognition of its position as a digital pioneer in the African banking landscape, Africa’s first fully digital bank, ALAT, a trailblazing digital platform pioneered by Nigeria’s oldest indigenous and most innovative bank, ...

  The students of Omololu Olunloyo Polytechnic are currently protesting at the main gate of the institution, located on Sango/Eleyele Road in Ibadan, Oyo State.   PUNCH Online had reported that the State Governor, Seyi Makinde, had renamed The Polytechnic, Ibadan, in honour of the late former governor of the ...

  The immediate past governor of Benue State, Samuel Ortom, has called on his successor, Governor Hyacinth Alia, to account for the state and local government funds.   The former governor was reacting to the statement attributed to a faction of the All Progressives Congress, which he suspects is affiliated ...