Business

Wema Bank Unveils New Identity to Celebrate 80th Anniversary

Published

2 years ago

February 4, 2025

1,135 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 Thursday, 5 Nov 2026

Published

2 days ago

November 5, 2026

OCHEFA

131 Views

BLACK/ PARALLEL MARKET RATES

₦1400DOLLAR (USD)

₦1830POUND (GBP)

₦1515 EURO (EUR)

₦950 CANADIAN DOLLAR (CAD)

₦70 SOUTH AFRICAN RAND (ZAR)

₦350 UAE DIRHAM (AED

₦190 Chinese YUAN (CNY)

₦100 Ghanaian CEDI (GHS)

West African CFA ₦2240 (XOF)

Central African CFA ₦2180 (XAF)

₦820 Australian Dollar AUSSIE (AUD)

Business

NNPCL wants to sell 10% equity via IPO on NGX, LSE

NNPC is expected to spend at least the whole of 2027 preparing for the proposed offering, with the listing primarily intended to strengthen corporate transparency and governance in line with Nigerian law.

Published

3 days ago

November 4, 2026

OCHEFA

170 Views

The Nigerian National Petroleum Company Limited (NNPC Ltd.) is considering selling between 5% and 10% of its equity through a potential initial public offering (IPO), with the proposed listing expected to focus primarily on Nigeria’s domestic capital market.

The Group Chief Executive Officer of NNPC Ltd., Bashir Bayo Ojulari, disclosed this in an interview with Reuters on Tuesday, November 3, 2026, adding that the company could also pursue a secondary listing in London or New York.

The disclosure comes shortly after the Dangote Petroleum Refinery’s IPO closed on October 27, following a two-week extension of its subscription period from the initial October 13 deadline.

Ojulari indicated that raising additional capital would be a secondary consideration rather than the main reason for going public.

The company is also considering listing some of its subsidiaries separately, following a model adopted by Abu Dhabi National Oil Company (ADNOC), the United Arab Emirates’ state-owned oil company.

Beyond the potential IPO, Ojulari disclosed that Chinese companies have expressed interest in acquiring equity stakes in some of NNPC’s smaller refineries, particularly the Port Harcourt and Warri facilities, which require substantial rehabilitation.