Author: Ifetayo Adeniyi

Wema Bank Shows Q3 2024 Unaudited Results… Records Profit Before Tax – ₦60.62billion, 174% YonY Growth Wema Bank Shows Q3 2024 Unaudited Results… Records Profit Before Tax – ₦60.62billion, 174% YonY Growth. Wema Bank Nigeria (“Wema” or “the Bank”)) has released its unaudited Consolidated Financial Statements for the period ended September 30th 2024, to the Nigeria Exchange Group (NGX). The Bank reported profit before tax of ₦60.62bn, representing an increase of 174% over the ₦22.13bn recorded in the corresponding period in 2023. Wema Bank’s balance sheet remained well structured with total assets growing by 38% to ₦3,084.27 trillion in Q3…

President Tinubu Obtains Letters Of Credence From Ambassadors Of Three Countries …to facilitate deeper bilateral collaborations in areas including trade, technology, and cultural exchange. President Tinubu Obtains Letters Of Credence From Ambassadors Of Three Countries. President Bola Ahmed Tinubu on Thursday, October 31, officially received Letters of Credence from the newly appointed ambassadors of three nations. President Tinubu received these letters from the Republic of France, the People’s Republic of China, and the Kingdom of Denmark at the State House in Abuja. This significant diplomatic event strengthens Nigeria’s international relations and underlines its commitment to fostering cooperation with global partners.…

Ekiti celebrates as Remi Tinubu introduces Renewed Hope Food Initiative Remi Tinubu Ekiti celebrates as Remi Tinubu introduces Renewed Hope Food Initiative to various categories of vulnerable people. Nigeria’s First Lady and National Chairman of Renewed Hope Initiative (RHI), Senator Oluremi Tinubu, on Thursday launched the Renewed Hope Initiative (RHI) Food Outreach in Ekiti State, with the distribution of food items to people with disabilities, widows, special schools, and other vulnerable groups in the state. She also reaffirmed her commitment to uplifting women and vulnerable communities across the country. Speaking while performing the symbolic presentation of food items to the…

BUA Foods gets massive profit as it records earning of N1.07 trillion revenue for September ’24 Abdul Samad Rabiu BUA Foods Plc, producers of BUA Sugar, BUA Rice, IRS Flour, IRS Pasta, and IRS Semolina, released its unaudited financial results for the nine months ending September 2024, marking an impressive year-on-year performance surge. For the period, the company reported a 104% growth in revenue to N1.07 trillion, a substantial rise from N524.42 billion recorded in the same period last year. Gross profit increased by 82%, reaching N333.82 billion, up from N183.78 billion in 2023, further consolidating BUA Foods’ position in…

Google gives N2.8bn grant to boost AI in Nigeria Bosun Tijani and Google officials  Google gives N2.8bn grant to boost AI in Nigeria. The Minister of Communications Innovations and Digital Economy, Dr Bosun Tijani has described the grant of N2.8 billion from Google to support the Federal Government’s science lab drive as timely for the renewed hope agenda. Tijani spoke at the press briefing where Google announced the grant to on Thursday in Abuja. He said the program would offer the opportunity to train, empower and also place these young people in meaningful jobs. “This support in particular is timely…

Ned Nwoko, Oshiomhole and Dele Momodu set to Lead Distinguished Panel at ‘Megastar Man of the Decade Awards’ 2024 Ned Nwoko Some of Nigeria’s most influential figures and thought leaders have pledged their participation in the headline panel discussion on social enterprise and national development at the Megastar Man of the Decade Awards 2024, positioning this ceremony award as a momentous event in the country’s awards history.E-books on Nigerian culture. Adams Oshiomhole The star-studded event, scheduled for December 1, 2024, at the prestigious Wells Carlton Hotel and Apartments in Abuja, will feature a high-level panel discussion themed “Social Enterprise: A…

Banky W, Wife rejoice as they welcome second child in US Banky W Banky W and Adesua are celebrating the arrival of their second child in US. Nigerian R&B singer and entrepreneur, Bankole Wellington, popularly known as Banky W and his actress wife Adesua Etomi have welcomed the arrival of their second child — a baby boy. Banky W shared the news on Instagram with a heartwarming video showcasing his hands-on approach to family life since the baby’s birth. The video features him cooking, helping around the house, and supporting Adesua. “But more importantly than that I am a husband…

Miss Universe 2024: Chidimma Adetshina in Mexico for competition Chidimma Adetshina Chidimma Adetshina in Mexico for competition. Miss Universe Nigeria 2024, Chidimma Adetshina, has arrived in Mexico for the global competition. Born in South Africa to a Nigerian father and Mozambican mother, Chidimma will represent Nigeria at this year’s Miss Universe pageant. In an Instagram video, the model posed at a Mexican airport, wearing a white suit and green organza, proudly holding the Nigerian flag. The Miss Universe Nigeria organizers also shared a heartfelt message which reads: “We send our brightest wishes and unwavering support! May Nigeria’s vibrant spirit shine…

Banky W, Wife rejoice to welcome second child in US Adesua Etomi Banky W and Adesua celebrate the arrival of their second child in US. Renowned Nigerian R&B singer and entrepreneur, Bankole Wellington, popularly known as Banky W and his actress wife Adesua Etomi have welcomed the arrival of their second child — a baby boy. Banky W shared the news on Instagram with a heartwarming video showcasing his hands-on approach to family life since the baby’s birth. The video features him cooking, helping around the house, and supporting Adesua. “But more importantly than that I am a husband and…

Reps agree on age 65 retirement for health workers House of Representatives Reps agree on age 65 retirement for health workers. The House of Representatives, on Thursday, passed a bill seeking to increase the retirement age of health workers in the country from 60 to 65 through the second reading stage. This is just as the legislative chamber also raised pensionable years of service from 35 to 40. Sponsored by the member representing Agege Federal Constituency, Lagos State, Hameed Adewale, the proposed legislation titled, “A Bill for an Act to make provisions for the retirement age for health workers in…