Tag: rises

Wema Bank, NYSC collaborate on youth empowerment
Banking

Wema Bank profit rises by 105%

Wema Bank’s profit increased by more than 105 percent to N23.36 billion in 2023, from N11.35 billion the previous year. The PUNCH reported that according to the lender’s unaudited financial statement submitted with the Nigerian Exchange Limited on Tuesday, revenue increased by 61.36 per cent to N181.87 billion. Net interest income climbed to N83.11 billion […]

Air cargo demand rises by 18.4% January - IATA
Aviation News

Demand for air travel rises by 22% – IATA

The African aviation sector had a 22.1% rise in Revenue Passenger kilometres for November 2023 compared to the same time the previous year, data from the International Air Transport Association stated. “During the month under review, African airlines had a 22.1 per cent rise in demand; however, capacity increased by 29.6 per cent causing a […]

Inflation causes decline in private sector productivity, employment - PMI
Business

PMI rises to 52.7 in December – Report

The most recent Stanbic IBTC PMI survey has revealed that the business environment in Nigeria improved in December 2023, with the Purchasing Managers Index climbing to 52.7 from 48.0 in November. The PUNCH reported that despite the increase, the business forecast for the new year is the lowest it has been since 2014. The increase was the […]

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