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.