Category: Business

The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, has confirmed his participation in the WorldStage Economic Summit (WES) 2025 scheduled for Friday, November 21, at The Event Centre, Nigerian Exchange Limited, Lagos. Olukoyede, under whose leadership the EFCC has recovered over N566 billion and other assets in the last two years, is expected to speak on “Anti-Corruption Efforts of the EFCC to Boost Ease of Doing Business.” The theme of this year’s summit is “Tackling the Issue of Low Productivity in Nigeria.” According to…

Fidelity Bank Plc has announced its audited financial results for the half-year ended 30 June 2025, demonstrating resilience and sustained growth across key performance indicators. Highlights of the financial results which was uploaded on the Nigerian Exchange (NGX) portal on Thursday, 13 November 2025 shows that the bank delivered robust results across key financial metrics including Gross Earnings, which stood at ₦748.7 billion, up from ₦512.9 billion in H1 2024; Net Interest Income, which rose to ₦420.4 billion, compared to ₦326.4 billion in H1 2024; and Customer Deposits, which grew…

Polaris Bank has once again reaffirmed its leadership in digital innovation and inclusive banking, emerging as the MSME Digital Bank of the Year (Inclusive Growth) at the second edition of the MSME Finance & CEO Awards held recently in Lagos. The event, organized by the Africa Global Economic Forum BBBin partnership with PROSHARE, recognized outstanding institutions and other notable stakeholders driving MSME development and financial inclusion across Nigeria. The award celebrates Polaris Bank’s unwavering commitment to empowering small and medium-scale enterprises through technology-driven financial solutions, notably its flagship digital banking…

In a bold move to promote environmental sustainability and inspire a culture of responsible waste management amongst Nigerians, leading financial institution, Fidelity Bank Plc has donated large-capacity recycling bins to Yaba College of Technology (YABATECH), Lagos. The donation was made during the 19th edition of the Walk for Nature event held on Saturday, November 1, 2025, at YABATECH. The event, themed “Lagos, Let’s Beat Plastic Pollution,” was organized by the Nigerian Conservation Foundation (NCF) in collaboration with the Lagos State Government to raise awareness on plastic pollution and promote sustainable…

By Chima Nwokoji FirstHoldCo Plc has sustained its growth momentum across core business segments, reporting a 17.1 percent year-on-year increase in gross earnings to ₦2.64 trillion for the nine months ended September 30, 2025, compared to ₦2.25 trillion in the corresponding period of 2024. According to the unaudited results released by the Group, interest income rose sharply by 40.4 per cent to ₦2.29 trillion from ₦1.63 trillion in September 2024, reflecting improved asset yields and loan book expansion. Net interest income also climbed 71.7 per cent year-on-year to ₦1.5 trillion,…

Sterling Financial Holdings Company Plc (“Sterling HoldCo” or “the Group”) has announced its unaudited financial results for the nine-month-period ended September 30, 2025, posting an impressive 127% year-on-year growth in profit after tax (PAT) to ₦62.3 billion. The performance is testament to the Group’s robust earnings capacity, operational efficiency, and disciplined execution. The Group’s gross earnings rose by 44.1% to ₦341.7 billion (September 2024: ₦237.2 billion), driven by solid performances in both interest and non-interest income lines. Interest income grew by 38.7% to ₦262.4 billion, supported by an expanded earning…