Business

Nigeria’s Leading innovative bank, Wema Bank Introduces SME Business School 5.0

Published

3 years ago

May 16, 2023

551 Views

Nigeria’s leading innovative bank, Wema Bank, has announced the launch of its flagship capacity-building programme for small and medium-sized enterprises (SMEs) in Nigeria.

The programme, known as the Wema SME Business School 5.0, aims to equip SME business owners and entrepreneurs in Nigeria with the necessary skills and knowledge to succeed in business.

According to the Head of SME Banking at Wema Bank, Arthur Nkemeh, the fifth edition of the the Wema SME Business School 5.0 will be held in Benin, Edo State, from May 22nd to May 26th and will feature training and lectures on various aspects of business management and entrepreneurship, facilitated by subject matter experts and experienced entrepreneurs.

Nkemeh, stated that “Small businesses are the backbone of the Nigerian economy, and as a bank, we are committed to supporting their growth and development. The Wema SME Business School is a valuable initiative designed to equip SME business owners and entrepreneurs with the right skills and knowledge they need to succeed in today’s business environment.”

”Since its launch in 2021, the SME Business School has held four successful editions of the programme in different parts of the country, including Lagos, Abuja, and Port Harcourt. Each edition of the programme has attracted over 500 SME business owners and entrepreneurs, who are selected through a call for applications and direct nominations”.

Nkemeh said the SME Business School 5.0 is open to all SME business owners and entrepreneurs in Nigeria who wish to improve their business management skills and grow their enterprises. Interested participants can register for the programme through the provided link or on the bank’s website.

He noted that the Wema SME Business School is part of Wema Bank’s commitment to promoting innovation and driving creativity in Nigeria. The bank remains dedicated to supporting the growth and development of small businesses in Nigeria, and the SME Business School is just one of the many initiatives that Wema Bank has launched to support SMEs. The business school is free for all SMEs that would be admitted.

Related Topics:SME Business School Wema Bank

Up Next

Govt’s Excise Duty Puts 950,000 Manufacturing, Allied industries jobs at Risk of Layoffs

Don't Miss

Nigerian Airline, Dana Air Set to Support Guinness World Record-breaking Chef Hilda Baci, With One Year Free Tickets

Click to comment

Business

Naira Exchange Rates Friday, 3 July 2026

Published

16 hours ago

July 3, 2026

OCHEFA

22 Views

BLACK MARKET RATES

US DOLLAR (USD) Buy ₦1, 397 Sell ₦1,405

GREAT BRITISH POUND (GBP) Buy ₦1,850 Sell: ₦1,865

EURO (EUR) Buy ₦1, 580 Sell ₦1,600

CANADIAN DOLLAR (CAD) Buy ₦1,030 Sell ₦1,100

SOUTH AFRICAN RAND (ZAR) Buy ₦75 Sell ₦90

UAE DIRHAM Buy ₦350 Sell ₦370

CHINESE YUAN Buy ₦180 Sell ₦200

GHANA CEDI (GHS) Buy ₦95 Sell ₦110

WEST AFRICAN CFA Buy ₦2, 380 Sell ₦2, 460

CENTRAL AFRICAN CFA Buy ₦2, 220 Sell 2,300

AUSTRALIAN DOLLAR Buy ₦800 Sell ₦900

CBN OFFICIAL EXCHANGE RATES

US DOLLAR (USD) ₦1,370.15

GREAT BRITISH POUND (GBP) ₦1,832.17

EURO (EUR) ₦1,568.28

SWISS FRANC (CHF) ₦1,1705.44

JAPANESE YEN (JPN) ₦8. 51

CHINESE YUAN (CNY) ₦201. 80

WEST AFRICAN CFA (XOF) ₦2.38

WEST AFRICAN UNIT ACCOUNT (WAUA) ₦1,859. 98

SAUDI RIYAL (SAR) ₦364.91

SOUTH AFRICAN RAND (ZAR) ₦84. 32

Business

Issue: Cloning Nigerian Investment Promotion Commission (NIPC)

Published

2 days ago

July 2, 2026

OCHEFA

45 Views

The Presidency says the bodies allegedly used by Adeyemi—including the so-called Presidential Economic Advisory Council, Presidential Foreign Investment Promotion Council, and Presidential Foreign Intervention Promotion Council—do not exist as government agencies.

The Presidency says a man identified as Prince Adeniyi Adeyemi Matthew allegedly created and operated fake government agencies, forged appointment letters, and falsely claimed to have been appointed by Femi Gbajabiamila.
According to the statement:
The Office of the Chief of Staff discovered the alleged scheme after complaints from the Nigerian Investment Promotion Commission (NIPC) that an unauthorized body was operating in a way that conflicted with its functions.

The Chief of Staff petitioned the Department of State Services and the Nigeria Police Force in October 2025 to investigate alleged forged appointment letters.

The Presidency says the bodies allegedly used by Adeyemi—including the so-called Presidential Economic Advisory Council, Presidential Foreign Investment Promotion Council, and Presidential Foreign Intervention Promotion Council—do not exist as government agencies.

Investigators allege Adeyemi operated from an office in the Federal Secretariat Complex, held meetings with diplomats, and sought diplomatic support to obtain U.S. visas for members of the alleged organization.
Police reportedly recovered forged documents and other exhibits during searches of his office and residence.

The investigation allegedly found that Adeyemi operated 34 bank accounts, including several in the names of fictitious organizations, and used forged documents to open a Central Bank of Nigeria account.

The Presidency says no government funds were paid into that account.
Police charged Adeyemi and two others before the Federal High Court on multiple counts, including forgery, impersonation, and obtaining by false pretence. The case is scheduled for hearing on July 27.

The Presidency also denied claims that Gbajabiamila appointed Adeyemi, stating that appointments to federal offices are issued through the Office of the Secretary to the Government of the Federation, not the Office of the Chief of Staff.

Current status

The Presidency maintains that:
the agencies in question are fictitious,
the appointment letter was forged,
Adeyemi is an impostor,
and the allegations against him should be resolved by the court.

As the case is pending before the court, the allegations remain subject to judicial determination.