Category: Business

The Institute of Chartered Accountants of Nigeria (ICAN) recently paid a courtesy visit to Stallion Plaza, Union Bank of Nigeria’s Head Office. This visit marks a significant step in fostering a stronger relationship between the two esteemed institutions. During the visit, ICAN and Union Bank representatives engaged in fruitful discussions to explore potential areas of collaboration and member’s growth within the Bank. The Union Bank team was led by the Chief Financial Officer, Mr. Oluwagbenga Adeoye FCA, and other notable UBN representatives, including Dr. Abigail Duopama-Obomanu, Chief Compliance Officer, Mr.…

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Dangote Petroleum Refinery said that in a bid to alleviate the financial burden on the Nigerian populace, it has announced a reduction of N65 in the ex-depot (gantry) price of Premium Motor Spirit (PMS), commonly referred to as petrol, from N890 to N825 per litre, effective from 27th February 2025. With this new arrangement, buyers in Lagos would purchase fuel at N860 per litre at MRS outlets. The price adjustment, according to Dangote was designed to provide essential relief to Nigerians in anticipation of the upcoming Ramadan season, while also…

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Central Bank of Nigeria (CBN) has directed bank directors with non-performing insider-related loans to step down immediately. The apex bank gave the directive on Monday in a circular signed by Acting Director of Banking Supervision, Adetona Adedeji. Insider loans are loans granted by a bank or financial institution to its own executives, directors, employees, major shareholders, or other related parties. CBN explained that the move is to strengthen corporate governance and risk management within the banking sector. The statement issued by the CBN reads in part: “Directors with non-performing insider-related…

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Fidelity Bank Plc, a leading financial institution, has once again demonstrated its unwavering commitment to enhancing its host communities’ lifestyles. Through its dedicated education Corporate Social Responsibility (CSR) pillar, the bank recently undertook significant projects aimed at promoting quality education delivery across the country. In Benin-City, Edo State, Fidelity Bank recently renovated the library at Emotan College, Wire Road. This initiative, which was executed under the auspices of the Fidelity Helping Hands Program (FHHP), was championed by the Phoenix Inductee Class of Fidelity Bank. The FHHP allows Fidelity Bank staff…

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Justice A.O. Adeyemi of the Lagos State High Court Family/Probate Court in Ikeja, has dismissed the application filed by Christian Chukwuka Wigwe and Pastor Shyngle Wigwe, asking for the appointment of interim administrators in the estate of the late former Group Managing Director and CEO of Access Bank, Herbert Wigwe. In a ruling delivered on February 6, 2025, the court resolved all issues raised by the applicants and deemed their claims unsustainable. The applicants, Christian Wigwe and Pastor Shyngle Wigwe, had in an action allegedly orchestrated by Emeka Wigwe,  filed…

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Fidelity Bank, a leading financial institution, has announced the imminent launch of its dedicated physical facility for Small and Medium-scale Enterprises (SME) and entrepreneurs in the creative sector. Known as the Fidelity SME Hub, the multipurpose facility features training halls, meeting rooms, networking spaces, podcast rooms as well as music, photography and content production studios. “For nearly four decades, Fidelity Bank has been at the forefront of supporting small businesses in achieving their potential and driving the nation’s economy. During this time, we have recognized that SMEs require more than…

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Leading financial institution, Fidelity Bank Plc, has announced its selection as one of the partner banks for the Nigeria Youth Economics Engagement and De-Radicalization Programme (NIYEEDEP)”. NIYEEDEP (Nigerian Youth Economic Engagement and De-Radicalization Programme), is an initiative of the Federal Ministry of Youth Development, in collaboration with the Nigerian Senate, through its committee on Sports Development. The primary aim of the initiative is to empower Nigerian Youths for economic growth and Development, nation-building, poverty alleviation and security. Situating the NIYEEDEP partnership within the Bank’s strategy, Osita Ede, Divisional Head, Product…

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For his exceptional leadership and contributions to banking and finance, the Board Chairman of Fidelity Bank Plc, Mr Mustafa Chike-Obi, has been presented the Lifetime Achievement Award at the Thisday Awards. At a well-attended event featuring leaders across Nigeria’s public and private sectors, the erudite banking professional joined a host of awardees who were recognized for their leadership across various sectors of the economy. Lauding the event organisers for the recognition, Chike-Obi said, “This is one of the proudest moments of my life. I thank the Thisday team, led by…

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