Business

Wema Bank Unveils New Identity to Celebrate 80th Anniversary

Published

2 years ago

February 4, 2025

965 Views

In preparation for its 80th anniversary, Wema Bank has unveiled the branding for its milestone celebration, set to take place on Friday, May 2, 2025.

This significant event will mark Wema Bank’s remarkable journey over the past eight decades, characterized by resilience, impactful contributions, and transformative growth from Nigeria’s oldest indigenous bank to a leader in innovative banking.

Wema Bank’s impressive 80-year legacy is defined by substantial growth, as the institution has adeptly evolved through the years, embracing innovation to set new benchmarks and elevate the standards of banking and financial services.

This dedication has allowed the bank to deliver an unparalleled experience to its customers and stakeholders.

As it approaches this momentous celebration, Wema Bank stands stronger than ever, affirming its position as a formidable player in the African financial services landscape.

Anticipation is building around the exciting developments that Wema Bank will announce in the coming weeks as its 80th anniversary celebrations get underway.

Business

Naira Exchange Rates Monday,17 August

Published

4 hours ago

August 17, 2026

OCHEFA

8 Views

BLACK MARKET RATES

US Dollar (USD) Buy ₦1,410 Sell ₦1,420

Great British Pound (GBP) Buy ₦1,890 Sell: ₦1,910

EURO (EUR) Buy ₦1,580 Sell ₦1,605

Canadian Dollar (CAD) Buy ₦1,020 Sell ₦1,080

South African Rand (ZAR) Buy ₦75 Sell ₦90

Ghana Cedi (GHS) Buy ₦95 Sell ₦110

West African CFA Buy ₦2, 300 Sell ₦2, 400

Central African CFA Buy ₦2,150 Sell 2,250

CBN Exchange Rates

US Dollar (USD) ₦1,357. 61

Great British Pound (GBP) ₦1,840.10

EURO (EUR) ₦1,571.70

Swiss Franc (CHF) ₦1,673.58

Chinese Yuan (CNY) ₦201.37

West African CFA (XOF) ₦2. 39

West African Unit Account (WAUA) ₦1,853.65

Saudi Riyal (SAR) ₦361. 59

South African Rand (ZAR) ₦83.85

Business

Naira Exchange Rates Friday, August 14

Published

3 days ago

August 14, 2026

OCHEFA

48 Views

BLACK MARKET RATES

US DOLLAR (USD) Buy ₦1,416 Sell ₦1,423

GREAT BRITISH POUND (GBP) Buy ₦1,890 Sell: ₦1,910

EURO (EUR) Buy ₦1,590 Sell ₦1,610

CANADIAN DOLLAR (CAD) Buy ₦1,020 Sell ₦1,080

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

UAE DIRHAM Buy ₦350 Sell ₦370 CHINESE YUAN Buy ₦190 Sell ₦205

GHANA CEDI (GHS) Buy ₦95 Sell ₦110

WEST AFRICAN CFA Buy ₦2, 300 Sell ₦2, 400

CENTRAL AFRICAN CFA Buy ₦2,150 Sell 2,250

AUSTRALIAN DOLLAR Buy ₦800 Sell ₦900

CBN Exchange Rates

US DOLLAR (USD) ₦1,357. 65

GREAT BRITISH POUND (GBP) ₦1,834.04

EURO (EUR) ₦1,567.00

SWISS FRANC (CHF) ₦1,671. 98

JAPANESE YEN (JPN) ₦8.53

CHINESE YUAN (CNY) ₦201. 34

WEST AFRICAN CFA (XOF) ₦2. 39

WEST AFRICAN UNIT ACCOUNT (WAUA) ₦1,858.02

SAUDI RIYAL (SAR) ₦361.62

SOUTH AFRICAN RAND (ZAR) ₦84.23

Business

Traders shut down Enugu ‘s Obollo-Afor market over N25,000 haulage levy

However, Chairman of ESIRS, Emmanuel Nnamani, in a letter to the traders, said the haulage levy was not paid by traders buying or selling goods in the markets, but was applicable strictly to truck drivers plying interstate routes.

Published

4 days ago

August 13, 2026

OCHEFA

61 Views

All shops and markets at Obollo-Afor, Udenu Local Government Area of Enugu State were shut yesterday, as traders staged a peaceful protest against alleged selective collection of a N25,000 haulage levy in the market.

The traders, who locked their shops and took to the streets in large numbers, carried placards with various inscriptions, alleging that the Enugu State Internal Revenue Service (ESIRS) had singled out Obollo-Afor Market for the collection of N25,000 haulage fee on every truckload of goods loaded or offloaded in the market.

Addressing officials of the Udenu Local Government Council at the council secretariat, where the protesters marched to present their grievances, Chairman, Obollo-Afor Market Traders Association, Charles Eze, lamented that truck operators bringing foodstuffs, building materials, and other commodities to the market had stopped coming because of the levy.