WEMA Bank Holds AGM By Proxy, Assures Stakeholders Of Growth

WEMA Bank Holds AGM

WEMA Bank Holds AGM By Proxy, Assures Stakeholders Of Growth     Wema Bank Plc., Nigeria’s leading innovative bank, held its Annual General Meeting on Monday, 18 May 2020 to announce the growth of the bank in the past year and enable stakeholders to receive their dividend. Coming several days after the bank’s 75th anniversary celebration, the meeting availed the investment community an opportunity to gain insight into the performance of the bank in the 2019 financial year. The AGM, which held in proxy, in compliance with the guidelines of…

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Apostle Suleman Reaching Homes In 47 Countries During COVID-19

Apostle Suleman

Apostle Suleman Reaching Homes In 47 Countries During COVID-19     In a time of crisis, people react to fear in different ways. But in uncertain times like these, responsible Christian leaders do painstakingly teach how their followers should respond. When the rest of the world is afraid and somewhat losing hope due to the Coronavirus pandemic challenge, one man that stands out among his peers is Apostle Johnson Suleman, the Senior Pastor at the Omega Fire Ministries (OFM) worldwide. Suleman, through virtual preaching, has been reaching millions of homes…

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Revealed! How NIMCO, 54 Other Dredging Companies Are Defrauding Lagos government

Dredging Companies

Revealed! How NIMCO, 54 Other Dredging Companies Are Defrauding Lagos government     An interim report heard on the floor of the Lagos State House of Assembly on Monday detailed how dredging companies in the state have consistently defrauded the government to the tune of several hundreds of millions. The report was read on the floor by Hon. Victor Akande, chairman of a seven-man committee set up to look into the activities of alleged illegal dredgers in the state. The report named NIMCO dredging company among the ones that have…

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Coronavirus Outbreak Is Teaching The World Humility, Says WHO Director-General, Agrees With TB Joshua’s Prophecy

Humility

Coronavirus Outbreak Is Teaching The World Humility, Says WHO Director-General, Agrees With TB Joshua’s Prophecy     The Director-General of the World Health Organisation (WHO), Dr. Tedros Ghebreysus, has declared the coronavirus outbreak is “time for humility”, echoing the 2020 prophecy of Nigerian cleric TB Joshua. On Monday 18th May 2020, Ghebreyesus, whilst addressing world leaders who had gathered for the first virtual session of the World Health Assembly amidst the COVID-19 pandemic, announced, “If this virus is teaching us anything, it’s humility. Time for humility.” The former Ethiopian Minister of…

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Zenith General Insurance’s Profit Before Tax Rises By 16% TO N3.67bn

Zenith General Insurance

Zenith General Insurance Limited has released its full-year financial statements for the year ended 31 December 2019. A review of the results showed positive improvements on a year-on-year basis with profit before tax rising by 16% from N3.16bn to N3.67bn while profit after tax rose by 10% up from N2.79bn to N3.06bn. The company also maintained a robust balance sheet closing the year with total assets of N40.1bn and a shareholders’ fund of N25.9bn. Gross premium grew by 17% year-on-year from N13.7bn to N16.1bn, while there was a 46% growth…

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