News - Alpha10 Group

CNG buses intervention to slash transport fare by over 50% – Mohammed Idris

January 29, 2024
Posted by alpha10
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The Minister of Information and National Orientation, Mohammed Idris, has announced that the Presidential Initiative to deploy Compressed Natural Gas (CNG) mass transit buses is anticipated to lead to a reduction of...

Looted funds and Nigeria’s public accountability gaps

January 29, 2024
Posted by alpha10
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Nigeria grapples with economic distress, desperately needing funds for obligations, yet ironically experiencing a windfall. Notably, $332.4 million from Abacha loots and €6,324,627 recovered globally, according to former Justice Minister Abubakar Malami.

Wema Bank’s Rights Issue and Share Price Rally: Rewarding Investor Confidence

January 29, 2024
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In December 2023, Wema Bank started a substantial rights issue, offering 8,572,103,573 ordinary shares at N4.66 per share, based on a two-for-three ratio for existing shareholders as of September 28, 2023.