Economy Archives - Page 38 of 69

Jan

11

2024

Wema Bank ALAT Set Record Breaking Precedent in 2023 performance.

Business, Economy, SponsoredBusiness, Economy, Wema Bank

Wema Bank, Nigeria’s foremost innovative financial institution and pioneer of Africa’s first fully digital bank, ALAT, set a record-breaking precedent in 2023, with a tremendous upsurge in its 2023 corporate performance as seen in the bank’s 2023 Q3 performance results. In a yearly analysis that captured financials for the first three[3] quarters of 2023, Wema Bank recorded a 130% increase in Profit Before Tax [PBT] and 61% increase in gross earnings, achieving Gross Earnings of ₦150.90bn in Q3 2023, compared to Q3 2022’s ₦93.86bn. The pioneering bank’s Profit Before Tax (PBT) unprecedentedly stood at ₦21.76bn, an astounding 130% increase from…

Jan

05

2024

By OHAFIATV

Bishop Emeka Nwankpa Feeds Widows for the 18th Year, Empowers More Youths.

Abia State, Amos Oge Kalu, Metro, Sponsored2024, ACCORD, Breaking, charity, Economy, Emeka Nwankpa, Metro

Comr Amos Kalu It was another extraordinary event for the people of Umukalu in Isiala Ngwa LGA of Abia State as the President of Bishop Emeka Nwankpa Foundation honours his pledges to God that he will never stand by and watch a widow suffer sorrow as long as he draws breath on earth. This moment of joy was reenacted for the women on January 4, 2024. The Senior Pastor and General Overseer of Chapel of Faith International Bible Ministry revealed that the vow to always feed widows annually is because, despite coming from a very poor background, his successes are…

Dec

25

2023

By OHAFIATV

Soyinka said, “Tinubu disregarded my advice not to run for president.”

Economy, Politics2023, Economy, Nigeria, Opinion, Politics, Wole Soyinka

Prominent Nigerian dramatist Prof. Wole Soyinka has said that President Bola Tinubu disregarded his recommendation to not seek the office. When Soyinka paid Tinubu a courtesy call at his Lagos residence, he claimed to be checking up on the President and his spouse, who had disregarded his counsel. The famous author claimed that during the "embarrassing" visit, he gave the President a seven-point agenda. "I had a seven-point agenda when I came here. And we had a pretty in-depth conversation about those things," Soyinka said to reporters following the meeting. "It's actually a humiliating visit because I went to see…

Dec

23

2023

By OHAFIATV

House of Rep: South East Devt. Commission Bill passes third reading

Economy, Metro, News, PoliticsBiafra, Economy, Politics

Yesterday, the House of Representatives carried a bill proposing the creation of the South East Development Commission through third reading, 53 years after the Nigerian civil war. After reviewing the bill's report, the House made a unanimous decision in the Committee of the Whole, which was presided over by the deputy speaker, Rt. Hon. Benjamin Okezie Kalu. The bill's explanatory memorandum, which was signed by all of the South East lawmakers including Kalu, the lead sponsor, stated that the Commission would be in charge of managing funds allocated from the Federation Account for the reconstruction and rehabilitation of roads, homes,…

Dec

23

2023

By OHAFIATV

“My policies will bring succour,” Tinubu assures Nigerians ahead of Christmas.

Business, Economy, Metro, PoliticsBola Ahmed Tinubu, Economy, Next Level, Politics

President Bola Tinubu reassured Nigerians that his initiatives would be beneficial. President Tinubu announced this at the Ansar-Ud-Deen Central Mosque in Surulere, Lagos, according to presidential spokesperson Ajuri Ngelale on Friday. His government's economic reforms aim to provide a strong basis for Nigerians today and in the future, he said. While on a brief Christmas holiday in Lagos State, President Tinubu reiterated his commitment to the welfare of all citizens, saying the recent 50% cut in inter-state land transport fares nationwide and the payment of N-Power beneficiaries' backlog of allowances, among other reliefs, are all efforts to ease Nigerians' burden…