Category: Business

Union Bank of Nigeria, one of the nation’s longest-standing financial institutions, today announced the successful completion of its merger with Titan Trust Bank Limited, following final approval from the Central Bank of Nigeria (CBN). This milestone concludes a process that began with the signing of a Share Sale Agreement in 2021 and positions Union Bank as an even stronger force within Nigeria’s financial services sector. Under the terms of the merger, Union Bank has fully absorbed Titan Trust Bank’s operations and assets. The combined institution will continue to operate under…

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For decades, Nigeria’s credit system posed significant challenges for small businesses and low-income earners, who often struggled to qualify for loans. Traditional banks demanded collaterals, guarantors, and endless paperwork, effectively shutting out a large portion of the population working in the informal economy. FirstBank’s digital lending model flipped the script. With the launch of its digital lending model, the bank eliminated collateral requirements and slashed approval times from weeks to under five minutes. Loans now flow through multiple channels including *894# (the Bank’s USSD service), FirstMobile, LitApp, and the FirstMonie…

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Polaris Bank has partnered with the Nigeria Conservation Foundation (NCF) to launch a tree-planting initiative in Rivers State. The exercise, held at Bodo City Girls Secondary School in Gokana Local Government Area, is part of efforts to combat carbon emissions and promote sustainable environmental practices. Speaking at the event, Polaris Bank’s Divisional Head for South-South, Mr. Raphael Abiaziem, represented by Mr. EjikeAroh, Business Development Manager of Garrison Branch,underscored the project’s importance in advancing the Bank’s sustainability agenda. He said the initiative aligns with the United Nations Decade on Ecosystem Restoration…

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Tier-one Lender, Fidelity Bank Plc, has announced the resumption of international transactions on its Naira Debit Cards. This recommencement gives customers the freedom to make seamless payments abroad, online, and at ATMs outside the country. Shedding light on the development, Ifeoma Onibuje, Divisional Head, eBanking, Fidelity Bank Plc said, “We are delighted to inform the public that Fidelity Naira Cards are now enabled for global use. This means that our travelling customers can now utilize their Naira Debit cards outside the country to shop, spend and withdraw internationally without hassles.”…

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…Rewards Another 29 Customers from the 4th, 5th, and 6th Monthly Draws with Cash Prizes Leading financial institution, Fidelity Bank Plc, has reaffirmed its dedication to financial empowerment and a savings-oriented culture with the emergence of twenty new millionaires in the seventh and eighth monthly draws of its Get Alert in Millions (GAIM) Season 6 Savings Promo. The draw event, held at the bank’s headquarters in Lagos, featured the announcement of the lucky winners and the formal Prize Presentation Ceremony for winners in the fourth, fifth, and sixth monthly draws.…

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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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