… As PTD Passes Vote of No Confidence on NUPENG Leaders The Association of Distributors and Transporters of Petroleum Products (ADITOP) has accused the Nigerian Union of Petroleum and Natural Gas Workers (NUPENG) of extortion and excessive levies collection within the downstream sector. This accusation came on the heels of …
Read More »FNITCC Atlanta: Fidelity Bank to Spotlight Fintech’s Role in U.S. – Africa Trade
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 »24th CRMI International Conference: Shettima, Ugwuoke, Cardoso, Edun, Push for Home-Grown Risk Solutions.
Vice President Senator Kashim Shettima has called on the African Union (AU), African Development Bank (AfDB), and Afreximbank to support the efforts of the Chartered Risk Management Institute of Nigeria (CRMI) in tackling the growing wave of global risks confronting Africa. Speaking at the 24th International Conference of …
Read More »Natasha’s road back to the Senate clears at last
Senator Natasha Akpoti-Uduaghan is preparing to return to the National Assembly after serving out her suspension, her lawyer has confirmed. Her counsel, Victor Giwa, told journalists in Abuja that the Kogi Central senator is currently in London but will resume when plenary reconvenes on September 23. “Actually, she’s ready to …
Read More »2026 WCQ: Tunisia joins Morocco to secure World Cup tickets
Tunisia have become the second African team to qualify for the 2026 FIFA World Cup after beating Equatorial Guinea 1-0 away on Monday. Mohamed Ali Ben Romdhane scored the winning goal in the 94th minute in Malabo. The result gave Tunisia 22 points from eight games. With two matches left, …
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