Wema Bank Announces Final Tranche of Capital Raise Exercise

…Set to raise additional N200 billion in combination of Rights & Special Placement to complete CBN recapitalization requirement. Wema Bank, Nigeria’s foremost innovative bank and pioneer of Africa’s first fully digital bank, ALAT, has announced that it will be completing its capital raise through a combination of a Rights issue …

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eTranzact to Host AI Readiness Roundtable For SMEs

eTranzact International Plc says its transformative journey to prepare Nigerian SMEs for the Artificial Intelligence (AI) revolution will continue with the fourth edition of its AI Readiness Roundtable. Mr Niyi Toluwalope, Managing Director/CEO of eTranzact, in a statement on Tuesday reaffirmed the firm’s commitment to driving an all-inclusive economy in …

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Telecom: Why We Increased Tariff Hike By 50% – Minister

THE Minister of Communication, Innovation and Digital Economy, Bosun Tijani, has stated that inflation and rising operation cost should be blamed for the 50% increase in tariff by telecommunication companies. He argued that the increment is in tandem with broader economic patterns, adding that the Federal Government plans on investing …

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NLC Demands Resignation Of Power Minister, Adebayo Adelabu

The Nigeria Labour Congress (NLC) has called for the resignation of the Minister of Power, Adebayo Adelabu, for alleged gross incompetence in managing the sector. The National President of NLC, Joe Ajaero, decried that under Adelabu, the national grid has continued to fail, pushing Nigeria to darkness and worsening the country’s electricity crisis. …

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Ex-Labour Party Chairman Denies Sponsoring IPOB Activities

A former acting chairman of the Labour Party in Abia State, Kelechi Madugba, has dismissed allegations linking him to the sponsorship of the Indigenous Peoples of Biafra (IPOB), describing the claims as untrue and baseless. In a statement made available to Punch in Umuahia, Madugba refuted the petition and publication, accusing him …

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