Nigerian stocks retreated by 0.8 per cent last week, despite the release of several strong half-year results, as profit-taking pressured trade. Sell-offs in consumer goods stocks fuelled the slide. This week, more corporate results are expected, notably those of the big banking institutions, which could shape the direction the market may go in the near…
By Henry Obetta Wema Bank has secured a Euro 50 million (N78.5 billion) financing facility from the European Investment Bank’s development arm, EIB Global, to expand access to credit for small and medium-sized enterprises (SMEs), with a strong focus on women- and youth-owned businesses. The agreement, signed in Lagos, marks the first transaction between EIB…
Wema Bank has signed a Memorandum of Understanding with the Small and Medium Enterprise Development Agency of Nigeria geared toward empowering 800,000 micro, small, and medium enterprises. The partnership is focused on training MSMEs on soft skills, technical skills, and business skills, empowering them to build profitable businesses, gain more visibility, and scale sustainably. To…
