News
Wema Bank Elevates 1,000 Staff
The same day it unveiled the #BeAudacious campaign, a first-of-its-kind move to open one million new accounts in 24 hours through its digital bank, ALAT By Wema, a leading innovative financial institution, Wema Bank, on Monday, May 2, delighted over a thousand staff with promotions.
Coming a day after the May 1 workers Day celebration, the promotion exercise demonstrated the bank’s commitment to talent management and recognition of diligence and hard work.
It was also fitting that the promotion was announced the same day the bank targeted the opening of one million new accounts in 24 hours.
While joyful staff received notifications of their promotion, the bank recorded another milestone with ALAT’s ranking as the Number 1 Finance app on Apple App Store and Number Two on Google Play Store.
Apple and Google rank Apps based on the number of downloads. ALAT By Wema topped the rankings with the massive downloads by Nigerians participating in the #BeAudacious campaign.
ALAT By Wema Brand Ambassador, Davido led the disruptive initiative executed with Global consulting firms as observers.
While the #BeAudacious campaign was also a reward scheme to appreciate customers and Nigerians for their unwavering loyalty and brand affinity to ALAT By Wema in the five years of its existence, the promotion was a befitting reward for the staff.
The promotions further affirm Wema Bank’s recent ranking as one of the 25 Best Workplaces where people can grow their careers in the 2022 LinkedIn Top Companies. The LinkedIn Top Companies is a ranking of the 25 companies that are investing in their talents and helping people build careers that will set them up for long-term success.
Wema Bank, with an impressive track record in talent development and management, made the list by performing excellently on the seven assessment pillars used for the first annual ranking, namely: ability to advance, skills growth, company stability, external opportunity, company affinity, gender diversity and spread of educational backgrounds.
Commenting on the exercise, Ololade Ogungbenro, Chief Human Resource Officer, said it was a Labours’ Day reward to diligent staffers who continue to give their best for the bank’s growth.
“While we demand the best from our staff and hold them to the highest ethical standards, we are also mindful of our responsibilities to them, hence this promotion exercise. At Wema, we recognize and duly reward diligence. We hope others will use this as motivation and continue to give their best to our customers and the bank.”
Wema Bank, the creator of Nigeria’s first digital bank, ALAT By Wema, has an impressive track record in the Fintech space. Its platform enables modern lifestyle banking without being physically present at a bank while enjoying many banking services.
Bosun Tijani, minister for Communication, Innovation and Digital Economy, has stated that the federal government is geared towards creating about one million technology jobs for teeming Nigerian youth.
Tijani stated this at the official opening of a solar-powered community ICT center built by the National Information Technology Development Agency (NITDA) in Abeokuta, as part of activities marking the 38th Lisabi festival.
The minister emphasised the commitment of President Bola Tinubu’s administration to invest in the digital economy, driving inclusive growth and empowering the country’s teeming youth population.
“The president made it very clear when I came into office, that he will spend efforts and resources in creating one million technology jobs. So, for anybody that is following the development in the world today you will see that there’s no world without technology.
“There is a strong shortage of technology workforce all over the world, and while a lot of the developed countries have ageing population, and not giving birth to kids, in Nigeria, the average age is 16.9, so our young people are being projected to be the workforce of the future, not only for Nigeria.
“This center here is one of many. In the next two months, we are launching about 30 of them all over the country. This center will be properly animated and we will put resources into ensuring that there are courses for young people to come and take here.
“We are also going to ensure that there are job opportunities that we can connect them to and if anyone wants to follow, follow the three million Technical Talent Program which we have started already in the country”, he said.
He therefore charged the youth to remain focus, and not be discouraged, adding that there is massive employment opportunities in technology as there is no enough people to work in technology all over the world.
“If you ask anyone that works in technology, the entry salary is between N350,000 to N500,000. Technology pays really well, so instead of worrying about things being hard, they should take advantage of centers like this, empower themselves and go for the opportunities the world has to offer them”, he added.
Speaking earlier, Oba Adedotun Are, Alake and Paramount ruler of Egbaland, lauded President Tinubu for approving the centre in Abeokuta, saying that this has no doubt marked another new dawn for the people of Egbaland, given rapid growth, development, and economic empowerment of the people.
National Institute for Policy and Strategic Studies (NIPSS) has predicted that the price of Premium Motor Spirit (petrol) will decline as Dangote Refinery and other local refineries commence full operations.
Speaking on Channels Television on Tuesday, April 1, NIPSS Director-General Ayo Omotayo expressed optimism that fuel prices would fall once more refineries become operational.
He projected that petrol prices could drop to around N750 per litre before the end of the year with a more stable exchange rate.
“We’re looking at it coming down as low as N750 before the end of the year. And of course, foreign exchange will still drop to about 1.3 before the end of the year, and it is going to continue like that as more of our refineries come into place.
Omotayo acknowledged the current economic hardships but insisted that the policy would benefit Nigerians in the long run.Traditional Nigerian cuisine
“The gains at this time are very little, but in the long run, we will make up for whatever sacrifices we have made today as Nigerians” he stated
U.S. President Donald Trump has stated that a deal for the sale of TikTok’s U.S. operations is expected to be finalized before the April 5 deadline.
U.S. President Donald Trump
The deadline, set by legislation passed in January, mandates TikTok’s Chinese parent company, ByteDance, to divest its U.S. assets or face a nationwide ban due to national security concerns.
Multiple non-Chinese firms have expressed interest in acquiring TikTok’s U.S. operations.
Private equity firm Blackstone is considering a minority investment, potentially joining existing non-Chinese shareholders such as Susquehanna International Group and General Atlantic.
In a strategic move to facilitate the sale, Trump suggested that he might consider a reduction in tariffs on China, acknowledging that Chinese regulatory approval may be required for the deal to proceed.
The White House has been actively involved in negotiations to ensure that TikTok remains operational in the U.S. while addressing national security risks.
With TikTok’s 170 million American users watching closely, the outcome of the sale is expected to have a major impact on the social media landscape and the broader tech industry.
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