Category: Business

–Shareholders commit to future injection of more capital to the Groups’ other subsidiaries First HoldCo Plc (“FirstHoldCo” or “the Group”) has announced that its commercial banking subsidiary, First Bank of Nigeria (FirstBank), has successfully met the Central Bank of Nigeria’s (CBN) minimum capital requirement of ₦500 billion. This milestone was achieved following the completion of a series of strategic capital initiatives, including a Rights Issue, a Private Placement, and the injection of proceeds from the divestment of the Group’s merchant banking subsidiary. This successful capitalisation underscores strong market confidence in…

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In the spirit of the festive season, leading financial institution, Fidelity Bank Plc has reaffirmed its commitment to inclusive community support through a charitable outreach to Oluyole Cheshire Home, Ibadan. The visit, carried out through its Corporate Social Responsibility (CSR) initiative, the Fidelity Helping Hands Programme (FHHP), provided food items and essential supplies to children living with disabilities at the home. Speaking at the outreach, the Divisional Head, Brand and Communications Division, Meksley Nwagboh, emphasized that the exercise was not just an act of seasonal giving but part of the…

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FirstBank, West Africa’s premier financial institution and financial inclusion service provider is pleased to announce the Nigeria Economic Outlook 2026 scheduled to hold on Tuesday, 6 January 2025. The theme of the session is “The Great Calibration: Mastering Resilience in an Era of Asynchronous Growth” Nigeria Economic Outlook is an annual customer-facing session which sets the tone on prevailing economic realities, equipping FirstBank customers with insights to navigate the economy effectively at the start of the year. The 2026 edition will review Nigeria’s economic landscape over the past year, provide…

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Tier one lender, Fidelity Bank Plc, has announced the completion of the tenure of Mr. Mustafa Chike-Obi as Chairman of its Board of Directors effective December 31, 2025, and the appointment of Mrs. Amaka Onwughalu as the new Chairman of the Board, effective January 1, 2026. The board transitions are in alignment with the Bank’s policy and have been communicated to the Central Bank of Nigeria, the Nigerian Exchange Group, and other stakeholders. Under Mr. Chike-Obi’s leadership, Fidelity Bank repaid its Eurobond, completed the first tranche of its public offer…

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Fidelity Bank Plc has reinforced its commitment to community safety and sustainable ecological practices through the donation of essential firefighting and preventive equipment including hoses and gasoline water pumps to the Ikoyi Fire Service Station in Lagos. The donation was made under the Fidelity Helping Hands Program (FHHP) by the True Serve team, reaffirming the Bank’s commitment to the environment and community safety. Through the FHHP, members of staff identify areas of critical community needs, raise funds, and then receive matching monetary support from the bank to execute the projects.…

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The future of women-led enterprises in Nigeria took center stage on November 21, 2025, as the Development Bank of Nigeria (DBN), with support from Agence Française de Développement (AFD), and Sterling One Foundation convened investors, ecosystem leaders, and high-potential women entrepreneurs for the Women Investment Readiness Accelerator (WIRA) Demo Day in Ilupeju, Lagos. The event underscored DBN’s central role in strengthening Nigeria’s MSME ecosystem, particularly for women founders who remain critical drivers of economic growth. The Demo Day marked the culmination of an intensive accelerator cycle funded and championed by…

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For millions of Nigerians, access to clean water and safe sanitation is still a daily struggle, with far-reaching consequences for health, livelihoods, and overallnl well-being. To address this urgent challenge and strengthen the systems delivering WASH solutions, Sterling Bank, in partnership with nonprofit Water.org and Sterling One Foundation,.has launched the Sterling WASH Business Loan, a catalytic financing solution that empowers WASH businesses and service providers to scale sustainable access to safe water and sanitation across Nigeria. The launch, which took place on Monday, 24th November 2025, at The Wheatbaker Hotel,…

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