Wema Bank Meets Central Bank of Nigeria’s Recapitalisation; Retains National Banking License

Wema Bank, Nigeria’s oldest indigenous national bank and pioneer of Africa’s first fully digital bank, ALAT, has successfully met and surpassed the Central Bank of Nigeria’s (CBN) recapitalisation requirements, reaffirming its status as a National bank. This achievement represents a critical milestone in the Bank’s growth journey, reflecting its ability to meet regulatory expectations and its deliberate strategy to scale sustainably, strengthen its balance sheet, and reinforce its position within Nigeria’s banking sector.

The milestone follows the Bank’s successful completion of a ₦150 billion Rights Issue and an additional ₦50 billion special placement in 2025, bringing its Total Qualifying Capital to ₦264.7 billion, well above the regulatory minimum. This achievement was concluded six months ahead of the CBN’s stipulated deadline, further reinforcing the Bank’s strong financial position, shareholder confidence, and long-term growth trajectory.

My birthday will now be celebrated on November 30th - Peter Okoye announces seperate birthday from the one shared with his twin brother, Paul Okoye

 Singer Peter Okoye, popularly known as Mr. P of the now defunct group P-Square, has declared a separate birthday from the November 18, 1981 birthday he shares with his twin brother, Paul Okoye.

He made the announcement via his X handle today April 20. According to him, his birthday will now be celebrated on November 30th. 

 The move comes amidst the strained relationship with his twin brother, Paul Okoye and their older brother, Jude Okoye, following P-Square’s split years ago.

 

Adron Homes Powers Ibadan Cultural Festival, Strengthens Cultural Influence

 

Adron Homes and Properties Limited delivered a commanding performance at the grand finale of the 2026 Ibadan Cultural Festival, firmly establishing its dominance as Nigeria’s leading real estate brand. At the iconic Lekan Salami Stadium, Adamasingba, the company did not just sponsor the event, it took control of the narrative, transforming the cultural celebration into a powerful showcase of brand strength, innovation, and market authority.

With the presence of the Olubadan of Ibadanland, His Imperial Majesty, Oba Rashidi Adewolu Ladoja, alongside a distinguished assembly of traditional rulers, high chiefs, and top government dignitaries, Adron Homes leveraged the high-profile platform to reinforce its influence at the intersection of culture, community, and modern development. The royal commendation from the Olubadan, who openly praised the company’s contribution, further cemented Adron’s growing stature as a key driver of cultural and socio-economic advancement.

Iran military command closes Strait of Hormuz

 

Iran’s military declared the Strait of Hormuz closed again on Saturday, April 18, hours after reopening it, Its military command said. 

On Friday, April 17, Tehran declared the strait open after a ceasefire was agreed in Lebanon to halt Israel’s war with Hezbollah 

The Strait usually carries a fifth of the world’s oil and liquefied natural gas and with Iran opening it, oil prices plunged. 

After Iran reopened the waterway on Friday, President Donald Trump said the US blockade would remain in place “until such time as our transaction with Iran is 100% complete”. 

Adron Homes Champions Cultural Heritage at Ibadan Cultural Festival 2026

 

All roads lead to the iconic Lekan Salami Stadium tomorrow as Adron Homes and Properties takes center stage in celebrating culture, history, and community at the grand finale of the Ibadan Cultural Festival 2026.

In a bold demonstration of its commitment to preserving Nigeria’s socio-cultural heritage, Adron Homes is proudly sponsoring this year’s festival, reinforcing its role as a corporate institution that goes beyond real estate to actively supporting the traditions and identity of its host communities.

The Ibadan Cultural Festival, a time-honored celebration of the people, history, and legacy of Ibadanland, has once again drawn widespread attention, uniting sons and daughters of the ancient city alongside dignitaries, cultural custodians, and enthusiasts. As anticipation builds for tomorrow’s grand finale, the city is already aglow with excitement, color, and cultural pride.

World Athletics blocks Favour Ofili’s request to dump Nigeria for Turkey

 World Athletics has rejected Nigerian sprinter, Favour Ofili's application to switch her allegiance to Turkey. 

Ofili was hoping to represent the European country at the 2028 Olympics. 

In a document released on Thursday, April 16, the World Athletics Nationality Review Panel ruled that the application submitted by the Türkiye Athletics Federation would not be approved after reviewing the circumstances surrounding the request. 

South Africa Opposition Leader, Julius Malema Sentenced to Five Years In prison

 Julius Malema has been sentenced to five years in prison by a South African court for illegally firing a firearm during a political rally.

The Economic Freedom Fighters leader was convicted over a 2018 incident in which he discharged a semi-automatic rifle into the air during the party’s fifth anniversary celebrations in the Eastern Cape.

Delivering the ruling in East London, Magistrate Twanet Olivier said Malema had deliberately violated firearm laws. “It wasn’t… an impulsive act. It was the event of the evening,” she stated, rejecting arguments that the action was spontaneous.

Malema had been found guilty last year on multiple charges, including unlawful possession of a firearm and ammunition, discharging a weapon in a public space, and reckless endangerment. In his defence, he claimed the firearm was not his and said he fired the shots to energise the crowd.

Adron Homes Unveils Sallah Mega Promo with 30% Discount and Exciting Gift Rewards for Subscribers

 

As the festive spirit of Eid al-Adha (Sallah) approaches, Adron Homes & Properties, Nigeria’s leading real estate company, has announced a nationwide Sallah Mega Promo designed to reward subscribers with unbeatable discounts, flexible payment plans, and exciting gift items.

The limited-time promotional campaign aims to empower Nigerians to celebrate the season of sacrifice with both joy and long-term investment security by making property ownership more accessible and rewarding. Subscribers can enjoy a 30% discount on all plots across Adron estates nationwide, alongside a flexible payment plan of up to 36 months. In addition, clients can spread their initial deposit over four months, easing financial pressure while securing valuable real estate assets.

Wema Bank Releases Full Year 2025 Audited Financial Results …Declares ₦221.85bn Profit Before Tax, ₦1.25 Dividend, Total Assets hit ₦5 trillion mark.

Wema Bank, Nigeria’s oldest indigenous bank, most innovative and pioneer of Africa’s first fully digital bank, ALAT, has released its FY 2025 Audited Financial Results, achieving record-breaking growth and unparalleled performance across several key metrics.

Key figures include the doubling of the Bank’s Profit Before Tax (PBT) from ₦102.5bn in FY 2024 to ₦221.9bn, an impressive 116.4% increase. Profit After Tax (PAT) also surged by 125.4% from FY 2024’s ₦86.2bn to ₦194.5bn. Total assets also reached the 5 trillion mark, with the attainment of ₦5.07tn, a 41.5% increase from FY 2024’s ₦3.59tn, reflecting a growingly resilient balance sheet. Gross earnings increased by 52.8% to ₦660.6 billion from ₦432.3 billion in FY 2024, a feat driven largely by a 62.7% growth in interest income, reflecting improved yields on earning assets and growth in the loan book. 

Tanzania president slashes convoy, orders officials to travel by bus over fuel crisis

 Tanzanian President, Samia Suluhu Hassan has reduced her convoy and ordered government officials to travel in a single bus during official trips to reduce fuel consumption amid shortages caused by the war between the US, Israel, and Iran.

 

Speaking at a swearing-in ceremony for officials on Wednesday, April 8. Hassan said that during her official trips, only her core convoy, including her escort, police, and a backup vehicle, would remain in the official motorcade.

Wema Bank Unveils New Jingle for ALAT: The Evolution

Wema Bank has introduced a new jingle to mark the next phase of its digital banking journey, tagged the ALAT: The Evolution jingle. Designed to capture the energy of a smarter and more seamless banking experience, the jingle is bright, catchy, and full of life. It reflects a platform built to simply work, pairing sound with innovation as ALAT: The Evolution steps forward with enhanced features and a refreshed user experience.

Everyday banking can often feel routine or even stressful, with multiple steps and delays slowing things down. The ALAT: The Evolution jingle reimagines that experience with a lively and confident tone that mirrors the app’s capabilities. From voice banking with SAW to Tap and Pay and bank uptime prediction, each feature is echoed in the rhythm and flow of the sound. It brings to life the speed, convenience, and reliability that define this new phase of ALAT: The Evolution.