Day: July 7, 2022

The Nigerian private sector remained in growth territory at the end of the second quarter, although recent challenges around cash shortages led to weaker new order growth and a renewed decline in output. As a result, business conditions improved at the weakest rate for almost a-year-and-a-half. Companies responded by raising their staffing levels, purchases and…

No Basis for Takeover of BEDC, Says Management

The management of Benin Electricity Distribution Company (BEDC) Plc has said there is no legal basis for the takeover of the company following the purported activation of the call on its collateralised shares by Fidelity Bank. The purported activation seeks to take over the respective Boards of Kano Electricity Distribution Company, Kaduna Electricity Distribution Company…

Wema Bank Launches Leadership School to Re-skill and Groom Leaders

Nigeria’s most innovative bank, Wema Bank Plc, has launched the Leadership Development School as an addition to its Purple Academy to help in the overall development and transformation of its workforce. Speaking at the formal opening ceremony of the leadership school, the Managing Director/CEO of the bank, Mr. Ademola Adebise, said organisations have a huge…