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.

Pepsi withdraws all Wireless Festival funding after rapper Kanye West backlash

 Pepsi has withdrawn its sponsorship of Wireless Festival following backlash over Kanye West being announced as the headline act.

The decision comes amid growing criticism of the rapper’s inclusion in the festival lineup, with concerns raised over his past controversial statements and actions.

A spokesperson confirmed the move, stating: “Pepsi has decided to withdraw its sponsorship of Wireless Festival.” The withdrawal is significant, as the company has been a major partner of the festival since 2015, with the 2026 edition previously branded as “Pepsi presents Wireless.”

Beauty Meets Glamour as Olaide Ogunyemi Opens New Studio in Mushin

 

Popular Nollywood actress and professional makeup artiste, Olaide Ogunyemi Oluwayemisi aka Damilola, has expanded her footprint in the beauty industry with the grand opening of her new makeup studio in Lagos.

The talented thespian, who is also the Chief Executive Officer of @Dobc_makeovers_andmore, officially unveiled the ultra-modern beauty space last Thursday, April 2, 2026, in a colourful ceremony filled with glamour, fashion, and pageantry.