Tier-one lender Fidelity Bank Plc will host a high-profile panel session titled “Digital Railroads: Powering U.S.–Africa Commerce Through Fintech” at the upcoming Fidelity Nigeria International Trade and Creative Connect (FNITCC) in Atlanta, USA. The session, scheduled for Friday, 19 September 2025, will explore how fintech is reshaping cross-border …
Read More »Banking SectorEcobank Nigeria Seeks Bondholder Consent as S&P Issues Negative Outlook
Ecobank Nigeria has initiated a bondholder consent solicitation following a downgrade by S&P Global Ratings, which lowered the bank’s long-term issuer credit rating from ‘CCC’ to ‘CCC-’. The downgrade reflects heightened concerns over the bank’s capital adequacy position and its recent $150 million bond buyback offer on a $300 million …
Read More »Wema Bank Concludes ₦150 Billion Rights Issue with CBN & SEC Approval, Surpasses Regulatory Capital Requirement.
Wema Bank Plc (“the Bank”) announces the successful completion of its ₦150 billion Rights Issue, which opened on April 14th,2025, and closed on May 21st,2025. The exercise has received formal approval from the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission. This Rights Issue was undertaken …
Read More »Fidelity Bank Distributes Food Items in Ondo State
As part of its commitment to improving lives and supporting communities, leading financial institution, Fidelity Bank Plc, has distributed food items in Ilaje and Ese-Odo Local Government Areas of Ondo State. Speaking during the donation event which took place at Igbokoda, Headquarters of Ilaje Local Government Area, the Regional …
Read More »Ex-NNPCL Boss Mele Kyari Faces EFCC Interrogation in Abuja
Former Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, is currently being grilled by operatives of the Economic and Financial Crimes Commission (EFCC) in Abuja. Kyari, who had been on the agency’s watchlist, arrived at the EFCC headquarters around 2:30 p.m. on …
Read More »Fidelity Bank Extends Food Bank Initiative to Anambra
Provides Essential Food Items to 2,000 Residents Leading financial institution, Fidelity Bank Plc, has extended its flagship Corporate Social Responsibility (CSR) program, the Fidelity Food Bank Initiative, to Anambra State, providing essential food supplies to over 2,000 vulnerable residents in Awka, the state’s capital. The two-day outreach, which …
Read More »PENGASSAN Orders Indefinite Strike
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has directed its members at Cameron/Onesubsea Offshore Systems Nigeria Ltd to commence an indefinite strike starting at 12:00 am on Tuesday, September 9, 2025. The union cited the company’s refusal to engage in good-faith negotiations as the reason for …
Read More »Stanbic IBTC awards 200 UTME high achievers ₦160 million University Scholarship
Stanbic IBTC Holdings, a subsidiary of Standard Bank Group, has announced the 2025 edition of its prestigious University Scholarship Programme. The programme will award full-tuition scholarships to 200 exceptional students who perform well in the Unified Tertiary Matriculation Examination (UTME). The 2025 programme represents a significant ₦160 million investment in …
Read More »SIFAX Group Impacts 3,500 Nigerians Through CSR Initiatives
L-R: Mr. Oluwole Fabiyi, Managing Director, NIDSMET Skill Acquisition Programme; A 2025 Graduand of NIDSMET, Cardoso Ajoke Anuoluwapo and SIFAX Group Media Officer, Olatunde Adewola (Representing SIFAX Group Head Corporate Communications) during the certificate presentation to Graduands of the 2025 edition of the NIDSMET Skill Acquisition Programme held in Lagos …
Read More »Glo Partners Ondo State for Enhanced Digital Solutions.
Telecommunications provider Globacom is partnering with the Ondo State government to implement digital solutions aimed at increasing efficiency and productivity. At a strategic meeting in Akure, Globacom’s Group Lead, Enterprise Business, Mr. Adeniyi Odejobi, presented the company’s offerings to Ondo Stare Governor, Mr. Lucky Orimisan Aiyedatiwa and other state officials. …
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