Category: Business

Sterling Financial Holdings Company Plc (“Sterling HoldCo” or “the Group”) has reported a 157% year-on-year surge in profit-after-tax (PAT) in its unaudited results for the half-year ended June 30, 2025, demonstrating continued momentum in revenue growth, operational efficiency, and capital position. The Group’s PAT reached ₦41.78 billion, up from ₦16.26 billion in the same period last year. Earnings per share rose significantly to 89 Kobo from 56 Kobo, reflecting a consistent increment in value to shareholders. Gross earnings climbed by 39.7% to ₦212.61 billion, compared to ₦152.20 billion for H1…

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With urgency and bold ambition, the fourth edition of the Africa Social Impact Summit (ASIS 4.0), co-convened by Sterling One Foundation and the United Nations in Nigeria, brought together over 2,500 delegates from across the globe in Lagos to inspire action, strengthen collaboration, and support Africa’s growth. From policymakers and impact investors to civil society and youth advocates, the summit served as a catalytic platform for co-creating scalable, African-led solutions to the continent’s most pressing challenges, all anchored in the Sustainable Development Goals (SDGs). Under the theme “Scaling Action: Bold…

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Polaris Bank, a leading digital commercial institution in Nigeria, proudly supported the 2025 Maracana Children’s Fest, a transformative grassroots event promoted by Nathaniel Idowu Foundation held at the iconic Maracana Stadium in Ajegunle, Lagos. The event, which brought together over 3,000 primary and secondary school pupils, students, their families, and community leaders, highlighted the bank’s commitment to youth development and social inclusion. The festival celebrated youth empowerment through sports, creativity, and community engagement. Polaris Bank provided vital support to the event, including contributions to meals, palliative food packages and assorted…

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As part of its unwavering commitment to digitally transform Nigeria’s small and medium-scale enterprises (SMEs), leading financial institution Fidelity Bank is set to empower entrepreneurs across the country with cutting-edge digital tools designed to streamline operations, boost productivity, and drive sustainable growth. Through the Fidelity SME Empowerment Program (FSEP), the bank will equip 100 growth-ready entrepreneurs with a comprehensive digital toolkit that includes: a POS desktop system, access to ERPRev software, receipt printer & barcode scanner; inventory & management tools. business training and support; free fidelity pos with branding and…

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Union Bank of Nigeria Plc, a leading institution in the Nigerian financial sector, has concluded its annual staff assessment and performance evaluation exercise, resulting in the promotion of approximately 24 percent of its employees, the highest promotion rate recorded by the Bank in the past 10 years. This milestone reflects Union Bank’s enduring commitment to recognising and rewarding excellence, nurturing talent, and fostering a high-performance culture. Promotions were awarded across various departments to employees who consistently demonstrated outstanding achievement, integrity and dedication to the Bank’s values and growth objectives. Commenting…

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Polaris Bank Limited recently hosted a hybrid capacity-building seminar for approximately 500 journalists both in Nigeria and internationally. The seminar, themed “Empowering Journalists in the Digital Age: Storytelling, Tools & Transformation,” aimed to equip media professionals with the skills and knowledge necessary to thrive in today’s rapidly changing journalism landscape. In a welcome address, Rasheed Bolarinwa, Head of Brand Management & Corporate Communications at Polaris Bank, highlighted the bank’s longstanding tradition in media education. He pointed out that Polaris Bank has been investing in such initiatives for the past 12…

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Union Bank of Nigeria acknowledges the recent judgment of Justice Abike Fadipe of the Ikeja High Court in the matter involving Senator Jimoh Ibrahim, NICON Investment Limited, Global Fleet, and the Bank. We wish to assure our customers, partners, and the public that Union Bank operates with the highest levels of professionalism, ethical conduct, and legal compliance in all our dealings. While we respect the authority of the court, we strongly disagree with the judgment delivered and have instructed our lawyers to file an appeal against it immediately. The court’s…

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Union Bank of Nigeria Plc, a leading advocate for environmental sustainability and ESG in Africa, marked World Environment Day 2025 by partnering with the Nigerian Conservation Foundation (NCF) to host a high-impact symposium themed “Ending Plastic Pollution” at the Lekki Conservation Centre, Lagos. The event brought together corporate leaders, environmental experts, and stakeholders to address the urgent challenge of plastic pollution and champion innovative solutions for a cleaner future. The symposium featured thought-provoking discussions on the environmental and economic risks posed by plastic waste. Speaking at the event, Union Bank’s…

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Managing Director and Chief Executive Officer of Fidelity Bank Plc, Dr. Nneka Onyeali-Ikpe, OON, has encouraged women professionals to embrace continuous learning, courage, and collaboration as key habits for achieving long-term career success and breaking through professional barriers. She gave the charge during a Women’s Roundtable hosted by the bank over the weekend at the Fidelity SME Hub in Gbagada, Lagos. Themed “Mentorship with Dr. Nneka Onyeali-Ikpe”, the event drew female professionals from various sectors and was held under the Recognition and Networking arm of the bank’s HerFidelity Proposition—a flagship…

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There are indications that the global crude oil prices may cross $80 per barrel this week, following the tensions between the United States and Iran, with the oil market reacting sharply to reports of coordinated US-Israeli airstrikes on key Iranian nuclear facilities. Marketers of petroleum products predicted that prices may soon rise to N1,000 per litre due to rising crude oil prices and the volatility in the foreign exchange market. This development follows a preemptive defensive strike launched by the United States on three of Iran’s major nuclear sites, in…

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