Fidelity Bank strengthened its liquidity position in the 2025 financial year as cash and cash equivalents rose by 87 percent to N1.32 trillion, reflecting improved cash buffers, stronger deposit mobilisation, and growth in interest-earning assets. The lender’s audited financial statement for the year ended December 31, 2025, showed that cash and cash equivalents increased from N707.45 billion in 2024, underscoring the bank’s stronger liquidity profile amid Nigeria’s tight monetary environment. Restricted balances with the Central Bank of Nigeria (CBN) also increased by 4.1 percent to N1.65 trillion in 2025 from…

Polaris Bank, Nigeria’s leading digital retail and commercial bank, has been honoured with the Private Sector Champion Award at the 2026 Jobberman Partners’ Convening held at Eko Hotel & Suites, Victoria Island, Lagos, in recognition of the Bank’s outstanding and stellar contributions to youth employment, talent development, and workforce empowerment across Nigeria. The award recognises private sector organisations that have demonstrated exceptional commitment and leadership in advancing youth employability through impactful recruitment initiatives, graduate trainee programmes, executive hiring support, candidate assessment programmes, and strategic partnerships that create sustainable career opportunities…

The Economic and Financial Crimes Commission has declared former Minister of Humanitarian Affairs and Social Development, Sadiya Umar Farouq, wanted over alleged abuse of office and diversion of public funds. The anti-graft agency made the announcement in a notice published on its official website on Saturday, stating that the former minister is being sought in connection with an ongoing investigation into alleged financial misconduct. According to the notice, Farouq, 52, is an indigene of Zamfara State, with her last known address listed as EN008, Okpo River, off Agulu Street, Maitama,…

…Profit Rises to N321bn; FY Revenue Tops N3.4tn   First HoldCo Plc (FirstHoldCo) has sustained its strong financial momentum with gross earnings rising to N942 billion in the first quarter, while profit after tax stood at N321 billion, reinforcing investor confidence in the Group’s earnings capacity and balance sheet resilience. The Group also reported audited full-year 2025 gross earnings of N3.4 trillion, representing a 6.9 per cent year-on-year growth driven by strong net interest income and sustained expansion in digital and transaction banking activities. Speaking on the performance, Group Managing…

      Leading financial institution, Fidelity Bank Plc, through the Fidelity Helping Hands Programme (FHHP), has funded critical support for the JKS Special Needs Academy in Abuja to ensure continued shelter and care for vulnerable children. The intervention was facilitated by a group of the bank’s newly recruited employees known as Team Valorem, as part of their induction activities. Through the FHHP, employees are empowered to actively contribute to social development by dedicating their time, resources and skills to impactful projects. Projects executed under the initiative are employee-driven, with…

Union Bank of Nigeria has been named winner of the Best SME Growth Banking Initiatives Award (2025) at the Nigeria National SME Business Awards, organised by the Association of Small Business Owners of Nigeria (ASBON) in partnership with the Lagos State Government through the Ministry of Commerce, Cooperatives, Trade and Investment. The recognition arrives at a moment when the relationship between Nigerian banks and Nigerian small businesses is being quietly redefined. Awards in this space have historically rewarded scale and product breadth. The ASBON criteria, by contrast, ask a more…