Wema Bank Plc, the pioneer of Africa’s first fully digital bank, ALAT, has once again demonstrated its unwavering commitment towards developing the capacity of SMEs in Nigeria to scale by launching the fourth edition of its SME Business School in Port Harcourt. Designed to help build capacity for SMEs in the country, Wema Bank’s SME Business School was launched in ... Read More »
Author Archives: NewsThumb Magz
BUHARI CONGRATULATES FBN ON 40 YEARS OF CROSS-BORDER BANKING IN UK
President Muhammadu Buhari has congratulated the Board, Management, and Staff of First Bank of Nigeria Limited (FirstBank) for cross-border services through FBNBank UK in the United Kingdom for 40 years, sharing almost 130 years of banking experience.In a statement signed by the Special Adviser to the President on Media & Publicity, Femi Adesina, Buhari noted the competence and professionalism that ... Read More »
PRUDENTIAL AFRICA LEADS INDUSTRY WITH HIGHEST NUMBER OF MILLION DOLLAR ROUND TABLE (MDRT) QUALIFIERS
Prudential Africa has announced that 222 of its sales representatives across seven of its markets in Africa have qualified for the Million Dollar Round Table (MDRT) in the first half of 2022. This is in comparison to 39 qualifiers from the same period last year, up 469 percent. This makes Prudential the company with the highest number of MDRT members ... Read More »
ALAT By Wema wins Overall Best Mobile App in Nigerian Fintech Awards
ALAT By Wema, the first fully digitalized bank in Nigeria, has been named the Overall Best Mobile App in the Nigerian FinTech Awards 2022, beating the other FinTech apps nominated alongside it in the category in the platform’s shortlist. The announcement was made at the award ceremony in Lagos, on Friday 4 November 2022. In its 10th year, the Nigerian ... Read More »
FIRS appoints MTN and banks to collect VAT, “This Notice is given to all persons carrying on trade”, – Muhammad Nami
The Federal Inland Revenue Service (FIRS) has appointed telecommunications firms including MTN and Airtel, as well as, Money Deposit Banks withhold Value Added Tax (VAT) charged on taxable supplies made to them and remit same to the tax agency This is contained in a Public Notice the FIRS issued by the Executive Chairman, Mr. Muhammad Nami, according to a statement ... Read More »
Jim Ovia : From a clerk to founder of Nigeria’s most profitable bank, celebrating his 71st birthday Recently
..,.Here’s a brief profile of the billionaire octogenarian Jim Ovia, once named by Forbes as one of the 50 richest people in Africa, is a year older today. As expected, accolades have poured in to celebrate him, including one from President Muhammadu Buhari and other notable Nigerians. President Buhari called him a “beloved citizen” and praised him for his immense ... Read More »
2023 : Adebutu, Fires on Wike, Others “leave PDP, form another party, If you can’t accept Ayu as Chairman”
Governorship candidate of the the People’s Democratic Party, PDP in Ogun state, Hon. Ladi Adebutu has asked the Governor Nyesom Wike of River state and others aggrieved PDP governors to leave and form another party if they are not ready to accept Iyorchia Ayu as the national chairman of the party. Adebutu made this assertion while addressing non-indigene residents in ... Read More »
FIRSTBANK SPONSORS FIFTH CHUKKER AFRICAN PATRONS CUP POLO TOURNAMENT
Kaduna is agog with excitement as preparation for this year’s First Bank of Nigeria Limited sponsored Emir of Zazzau African Patrons Cup and Breast Cancer Awareness Campaign gathers momentum. The African Patrons cup is an annual polo tournament which features Low, Medium and High goal teams from all around the world. The 2022 grand edition will be holding between November ... Read More »
Alleged N109.8million Fraud : EFCC arraigns Ex-Lagos AG, Shasore, on fresh money laundering charge
The Economic and Financial Crimes Commission, EFCC, on Friday, docked a former Attorney-General and Commissioner for Justice in Lagos State, Olasupo Shasore, SAN, before the Federal High Court in Abuja. The erstwhile Lagos AG was arraigned alongside his company, Middlesex Investment Limited,on a 14-count charge that bordered on his alleged complicity in money laundering to the tune of about N109.8million. ... Read More »
Update : Federal High Court gives EFCC the permission to seize Ekweremadu’s properties
It is more trouble for the embattled former Deputy Senate President, Ike Ekweremadu, as the Federal High Court sitting in Abuja, on Friday, gave the Economic and Financial Crimes Commission, EFCC, the permission to temporarily seize 40 properties that were allegedly traced to him. Trial Justice Inyang Ekwo granted the interim forfeiture order, after he heard an ex-parte application that ... Read More »