The 2024 edition of the Business fair of the Federation of Business Women Entrepreneurs (FEBWE), an ECOWAS-founded regional organization, successfully concluded in Victoria Island, Lagos. Held between 25th and 27th September 2024, the three-day event highlighted the importance of empowering women entrepreneurs in West Africa and closed with a gala dinner. The fair saw a […]

In today’s world, financial literacy has become an essential life skill, particularly for the younger generation. Recognising this need, Wema Bank—Nigeria’s most innovative bank and pioneer of Africa’s first fully digital bank, ALAT—proudly introduces the ALAT XPLORE App, Nigeria’s first licensed banking app specifically designed for teenagers aged 13 to 17. The ALAT Xplore App […]

The Nigerian Naira is among the worst-performing currencies in sub-Sahara Africa at the end of August 2024. The World Bank disclosed this in its latest edition of Africa’s Pulse report. Report showed that the Naira is at par with the Ethiopian Birr, and South Sudanese Pound in terms of decline in the region. The report […]

The import of Automotive Gas Oil (Diesel) into Nigeria increased by 22.66 percent to 4.94 billion liters in 2023 from 4 billion liters in 2022. The National Bureau of Statistics disclosed this in its latest Petroleum Products Distribution Data released recently. The data also showed that 109.39 million liters of Diesel were locally produced in […]

The import of Premium Motor Spirit (petrol) into Nigeria dropped by 13.77 percent to 20.30 billion liters in 2023 compared to 23.54 billion liters in 2022. The National Bureau of Statistics disclosed this in its latest Petroleum Products Distribution Data for 2023. This showed that petrol imports were reduced following the introduction of the fuel […]

The World Bank announced that it has approved an additional $1.57 billion loan to the Nigerian government to fund three projects. The Washington-based bank disclosed this in a statement on Monday. The World Bank noted that new funding will support Nigeria in addressing governance challenges in education and healthcare, improving primary healthcare services, and increasing […]

Some customers of First Bank Plc have taken to social media to drag the bank over what they described as unnecessary debits from the money-keeping giant. In several reactions on their Facebook page, @First Bank of Nigeria Limited on Sunday, the customers expressed their frustration over uncountable debits from the bank in the last two […]

Businesses with the resources they need and a bouquet of intelligent solutions that mitigate prevalent challenges and make business management and operation seamless, maximally profitable and efficient. Thank you to the Global SME Finance Forum for the acknowledgement, and also to our valued customers who continue to entrust the future of their businesses and their […]

inflation following the significant devaluation of the naira, presents a more difficult hurdle for banks this time around. But despite these Nigeria’s macro headwinds which trigger the proposed upward review of the banks’ capital base, Alawuba exercises no fear with UBA’s huge customer deposits of N18 trillion, shareholders’ fund of N2 trillion and customer base […]

Chairman of Dangote Group, Aliko Dangote, has said it’s time for the Nigerian Government to end the fuel subsidy regime.Dangote said fuel subsidy would lead to the Nigerian government “paying what they are not supposed to be paying,” hence the need to end it. In an interview with Bloomberg TV on Monday, the business mogul […]