Category: Business

  Fidelity Bank Plc, a leading financial institution, has announced a three-month extension of its flagship savings campaign, the Get Alert in Millions (GAIM) Season 6 promo, now set to run until 30 November 2025. In a bold move to further excite and reward customers, the bank has also increased the total cash rewards from ₦159 million to a record ₦189 million. The announcement follows overwhelming feedback from customers and prospects who requested more time to participate in the campaign. Originally launched in November 2024 with a nine-month timeline ending…

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Panic gripped Broad Street, Lagos Island, yesterday after a fire outbreak at Afriland Tower forced staff of the United Bank for Africa (UBA) and other occupants to leap from the upper floors of the six-storey building in a desperate bid for safety. The blaze, which started around 1:00 p.m. in the basement of the building, was traced to an inverter battery. It quickly spread to a parked Toyota Sienna and a motorcycle, both of which were completely destroyed before firemen arrived. The Lagos State Fire and Rescue Service (LSFRS) said…

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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 CRMI in Lagos, the Vice President, represented by the Technical Adviser to the President on Economic and Financial Inclusion, Dr. Nurudeen Zauro, emphasized the need for strengthened continental collaboration in addressing risks ranging from climate change and cybersecurity to pandemics, terrorism, and…

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First Bank, Nigeria’s leading financial institution and provider of financial inclusion services in West Africa, has launched the FirstMonie Merchant Solution, a new digital platform aimed at strengthening payment systems and driving financial inclusion across the country. The product is designed to help merchants and businesses of all sizes seamlessly accept digital payments, offering features such as instant settlement, automated onboarding, integrated referral systems, and flexible pricing options. It also provides pre-configured POS terminals, a network dashboard for real-time monitoring, and tools for dispute resolution and complaint management. Speaking at…

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      Number one Best Workplace in Banking in Nigeria and recognised as Africa’s most agile company, Sterling Bank Limited celebrated the first anniversary of SeaBaas, the revolutionary core banking system designed and built in Africa. In just twelve months since its go-live, SeaBaas has processed over 2 billion transactions, reduced processing times by about 60%, and driven a 66% surge in customer adoption, setting new benchmarks for scale, efficiency, and reliability in financial technology. Since launch, the platform has powered Sterling’s digital ecosystem, OneBank, SterlingPro, Switch, Specta, and more,…

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Global food and beverage giant, Nestlé, has sacked its Chief Executive Officer, Laurent Freixe, after an internal probe confirmed he failed to disclose a romantic relationship with a subordinate. The company’s board announced the decision on Monday, describing the conduct as a “serious breach” of Nestlé’s Code of Business Conduct. “The board has concluded that Mr. Freixe’s failure to disclose this relationship represented a clear lapse in judgment and violated our governance standards. Effective immediately, he is relieved of his duties,” Nestlé said in a statement. Freixe, 62, had been…

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