Wema Bank Plc has reported a profit before tax of N221.8 billion in its audited 2025 financial results, marking a 116.4 per cent surge from N102.5 billion recorded in 2024. The strong performance was largely driven by a significant rise in interest income, supported by growth in loans and investment securities. Interest income climbed to N576.1 billion, up 62.4 per cent year-on-year, with loans and advances contributing 60.4 per cent, investment securities 35.5 per cent, and cash balances making up the rest. Despite a 21.1 per cent increase in interest expenses to N215.1 billion, net interest income more than…
Author: Elvis Eromosele
Telecommunications giant Bharti Airtel has surpassed 650 million mobile subscribers worldwide, cementing its position as the second-largest telecom operator globally by customer base. The milestone was announced in a statement released on Friday, underscoring the company’s growing influence across multiple markets. Airtel’s network now reaches over two billion people globally, including more than 179 million customers across 14 countries in Africa. According to the company, the subscriber milestone reflects the scale and resilience of its operations. “Crossing 650 million mobile subscribers worldwide positions the company as the second-largest telecommunications operator on the planet by customer base. This milestone reflects…
MAGGI has unveiled rising music sensation Qing Madi as the face of its latest campaign, “Me & MAGGI, So Good Together,” marking a bold step in the brand’s journey to deepen its connection with a new generation of Nigerians. The unveiling, held at Nestlé Nigeria’s Head Office in Lagos, signals an evolution in how MAGGI shows up in the lives of younger consumers, not just as a trusted kitchen staple, but as part of the moments, emotions, and shared experiences that define today’s culture. Today’s generation doesn’t just eat, they create, remix, and share. From quick meals to content moments,…
Industry leaders have overwhelmingly endorsed Godfrey Adejumoh’s newly unveiled book, Winning with Strategic Communications: Essential Strategies for the Next Generation of Leaders, describing it as a timely and transformative contribution to the evolution of public relations practice in Nigeria and across Africa. The book, launched at a well-attended event in Lagos, drew top communication professionals, corporate leaders, and stakeholders, many of whom commended both the depth of insight and the urgency of its message. Leading the chorus of commendations, Israel Jaiye Opayemi, Managing Director and Chief Strategist of Chain Reactions Africa, said the publication comes at a critical turning point…
Across the world, particularly in emerging markets, confidence is currency. Capital flows, foreign investment, market valuations, and long-term growth prospects are shaped not only by economic fundamentals but also by perception, trust, and narrative. In this context, public relations is no longer a support function; it is a strategic economic stabiliser. As markets across Africa, Latin America, Southeast Asia, Eastern Europe, and parts of the Middle East continue to evolve amid political shifts, regulatory reforms, currency volatility, and social change, the role of strategic communications has become central to sustaining investor confidence and protecting national and corporate reputations. Investors constantly…
The Federal Government has declared Friday, 3rd, and Monday, 6th April, 2026, as public holidays to mark this year’s Easter celebration. Dr. Olubunmi Tunji-Ojo, Honourable Minister of Interior, who made the declaration on behalf of the Federal Government, congratulated all Christians in Nigeria and in the diaspora on the joyous occasion of Easter. Dr. Tunji-Ojo urged Nigerians to imbibe the virtues of selflessness, forgiveness, forbearance and love as exemplified by the life and teachings of Jesus Christ. He urged Nigerians to remain committed to the values of tolerance and community that keep us together as a nation. He reiterated that…
The Nigerian Exchange Group Plc (NGX Group) has rallied major African stock exchanges to fast-track cross-border listings of the upcoming Dangote Refinery shares, in a move aimed at deepening regional capital market integration. The initiative followed a closed-door meeting held in Lagos on March 31, 2026, which brought together chief executives and senior representatives of leading African exchanges, alongside NGX leadership. The session was part of a familiarisation tour of the Dangote Refinery and Petrochemical Complex, coordinated by Temi Popoola NGX’s CEO and Alhaji (Dr) Umaru Kwairanga, its chairman. Alhaji Kwairanga explained that the tour was more than a site…
The Nigeria Sovereign Investment Authority (NSIA) has reported a significant increase in total assets, reaching $3.4 billion in 2025. The announcement was made during NSIA’s Earnings Presentation and Media Parley on Thursday. According to the Authority, the growth was fueled by dynamic asset allocation, efficient liquidity deployment, a 35.8 per cent rise in investment securities, and stronger returns across multiple asset classes. Total assets grew 10.9 per cent year-on-year, closing at N4.91 trillion ($3.42 billion). Capital contributions during the year totaled N360.8 billion, with core earnings of N478.8 billion. Net asset value in USD rose 19.8 per cent, from…
The Economic Community of West African States (ECOWAS) has officially opened applications for a wide range of positions across its institutions, calling on qualified candidates from member states to apply. Announcing the recruitment on its official website, ECOWAS said it seeks capable professionals to fill roles in administration, finance, trade, infrastructure, health, telecommunications, legal affairs, and security. The recruitment covers dozens of positions in multiple countries, with many roles based in Abuja, Nigeria, and others in Dakar, Conakry, Addis Ababa, and Liberia. Available positions include office aides, programme assistants, accountants, legal officers, political advisers, and senior management roles such…
Flutterwave has secured approval to operate banking services in Nigeria, marking a major step in its evolution from a payments company to a full-scale financial services provider. The fintech firm announced the development via its official X (formerly Twitter) handle, signalling a strategic shift toward offering end-to-end banking capabilities within its ecosystem. With the new licence, Flutterwave is moving beyond its previous role as a Virtual Asset Service Provider (VASP) into core banking operations, giving it greater control over how transactions are processed, settled, and managed. The company said the licence will allow it to deliver a broader suite of…