Moruf Oseni, the Managing Director/Chief Executive Officer of Wema Bank, revealed that following the recent banking sector recapitalization, the bank will maintain its national license while striving for tier-1 banking status. This announcement was made during the virtual Annual General Meeting of the bank held on Tuesday. Oseni shared the progress made by the bank towards achieving the recapitalization minimum target of N200bn, as set by the Central Bank of Nigeria. He stated, "The apex bank has completed its due diligence and approved our N40bn rights issue, which is currently undergoing Securities and Exchange Commission approval for listing on the Nigerian Exchange. Our capital base now stands not at the current N15bn, but post-rights issue, at N55bn—representing significant progre...

In the aftermath of Oleksandr Usyk's remarkable victory over Tyson Fury in Saudi Arabia, Nigerian boxing heavyweight prospect, Efetobor Apochi, has labelled Usyk as the top boxer of this era. Reflecting on the heavyweight unification bout known as the Ring of Fire, which occurred at the Kingdom Arena in Riyadh, Saudi Arabia on May 18, Apochi shared his thoughts on his Instagram page. Having been acquainted with Usyk since the Baku 2011 Amateur World Championship, Apochi expressed, "He’s undefeated for a reason, and he’s by far the best boxer of this era." Apochi, a microbiology graduate from the Federal University of Technology, Owerri, commenced his professional boxing career in 2017 alongside his friend and fellow heavyweight prospect, Efe...